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Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
9. Derivative Financial Instruments

Derivative instruments utilized by the Company primarily include interest rate lock commitments (“IRLCs”), loan purchase commitments (“LPCs”), forward Mortgage Backed Securities (“MBS”) purchase commitments, Eurodollar and Treasury futures and interest rate swap agreements.

Associated with the Company’s derivatives are $25 and $12 in collateral deposits on derivative instruments recorded in other assets on the Company’s consolidated balance sheets as of June 30, 2019 and December 31, 2018, respectively. The Company does not offset fair value amounts recognized for derivative instruments with amounts collected or deposited on derivative instruments in the consolidated balance sheets.

The following table provides the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses).
 
 
 
Successor
 
 
 
June 30, 2019
 
Six Months Ended June 30, 2019
 
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
Loan sale commitments
2019
 
$
1,659

 
$
47.0

 
$
21.1

Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2019
 
3,649

 
110.2

 
50.5

Forward sales of MBS
2019
 
762

 
1.1

 
(0.7
)
LPCs
2019
 
1,327

 
16.5

 
14.8

Eurodollar futures(1)
2019-2021
 
8

 
—

 
—

Liabilities
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
IRLCs(1)
2019
 
4

 
—

 
—

Forward sales of MBS
2019
 
4,932

 
30.3

 
6.4

LPCs
2019
 
212

 
1.3

 
0.8

Eurodollar futures(1)
2019-2021
 
12

 
—

 
—



 
 
 
Predecessor
 
 
 
June 30, 2018
 
Six Months Ended June 30, 2018
 
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
Loan sale commitments
2018
 
$
368

 
$
7.2

 
$
7.1

Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2018
 
1,778

 
60.2

 
0.9

Forward sales of MBS
2018
 
568

 
0.4

 
(2.0
)
LPCs
2018
 
271

 
1.7

 
0.8

Treasury futures
2018
 
35

 
0.1

 
(1.8
)
Eurodollar futures(1)
2018-2021
 
22

 
—

 
—

Liabilities
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
IRLCs(1)
2018
 
1

 
—

 
—

Forward sales of MBS
2018
 
2,710

 
8.0

 
5.2

LPCs
2018
 
185

 
0.7

 
0.1

Treasury futures(1)
2018
 
63

 
—

 
(1.4
)
Eurodollar futures(1)
2020-2021
 
6

 
—

 
—


(1) 
Fair values or recorded gains/(losses) of derivative instruments are less than $0.1 for the specified dates.