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Mortgage Loans Held for Sale and Investment (Tables)
 12 Months Ended
Dec. 31, 2018
Mortgage Loans Held for Sale and Investment [Abstract]  
Schedule of Mortgage Loans Held-for-Sale
Mortgage loans held for sale are recorded at fair value as set forth below.
 
Successor
 
 
Predecessor
 
December 31, 2018
 
 
December 31, 2017
Mortgage loans held for sale - UPB
$
1,568

 
 
$
1,837

Mark-to-market adjustment(1)
63

 
 
54

Total mortgage loans held for sale
$
1,631

 
 
$
1,891



(1) 
The mark-to-market adjustment is recorded in net gain on mortgage loans held for sale in the consolidated statements of operations.
The total UPB of mortgage loans held for sale on non-accrual status was as follows:
 
Successor
 
 
Predecessor
 
December 31, 2018
 
 
December 31, 2017
Mortgage Loans Held for Sale - UPB
UPB
 
Fair Value
 
 
UPB
 
Fair Value
Non-accrual(1)
$
45

 
$
42

 
 
$
66

 
$
64



(1) 
Non-accrual includes $40 and $64 of UPB related to Ginnie Mae repurchased loans as of December 31, 2018 and 2017, respectively.
Reconciliation of Mortgage Loans Held-for-Sale to Cash Flow
The following table details a roll forward of the change in the account balance of mortgage loans held for sale.
 
Successor
 
 
Predecessor
Mortgage loans held for sale
For the Period August 1 - December 31, 2018
 
 
For the Period January 1 - July 31, 2018
 
Year ended December 31, 2017
Balance - beginning of period
$
1,514

 
 
$
1,891

 
$
1,788

Mortgage loans originated and purchased, net of fees
8,890

 
 
12,319

 
19,140

Loans sold
(9,304
)
 
 
(13,255
)
 
(20,318
)
Repurchase of loans out of Ginnie Mae securitizations
527

 
 
544

 
1,249

Transfer of mortgage loans held for sale to advances/accounts receivable related to claims(1)
(5
)
 
 
(7
)
 
(19
)
Net transfer of mortgage loans held for sale from REO in other assets(2)
5

 
 
14

 
23

Changes in fair value
6

 
 
(1
)
 
9

Other purchase-related activities(3)
(2
)
 
 
9

 
19

Balance - end of period
$
1,631

 
 
$
1,514

 
$
1,891



(1) 
Amounts are comprised of claims made on certain government insured mortgage loans upon completion of the REO sale.
(2) 
Net amounts are comprised of REO in the sales process which are transferred to other assets and certain government insured mortgage REO which are transferred from other assets upon completion of the sale so that the claims process can begin.
(3) 
Amounts are comprised primarily of non-Ginnie Mae loan purchases and buyouts.
Schedule of Loans Held for Investment
The total UPB of mortgage loans held for investment on non-accrual status was as follows:

 
Successor
 
December 31, 2018
Mortgage Loans Held for Investment - UPB
UPB
 
Fair Value
Non-accrual
$
27

 
$
13


The following table details a roll forward of the change in the account balance of mortgage loans held for investment.
 
Successor
Mortgage loans held for investment at fair value
For the Period August 1 - December 31, 2018
Balance - beginning of period
$
125

Payments received from borrowers
(5
)
Charge-offs
(3
)
Changes in fair value
2

Balance - end of period
$
119

The following sets forth the composition of mortgage loans held for investment, net.
 
Successor
 
December 31, 2018
Mortgage loans held for investment, net – UPB
$
156

Fair value adjustments
(37
)
Total mortgage loans held for investment at fair value
$
119


 
Predecessor
 
December 31, 2017
Mortgage loans held for investment, net - UPB
$
193

Transfer discount:
 
Non-accretable
(41
)
Accretable
(12
)
Allowance for loan losses
(1
)
Total mortgage loans held for investment, net
$
139