Payables and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

Schedule of Payables and Accrued Liabilities

Payables and other liabilities consist of the following:

	Successor
	June 30, 2019		December 31, 2018
Loans subject to repurchase from Ginnie Mae	$	723	$	266
Payables to servicing and subservicing investors	625		494
Operating lease liabilities	148		—
Payables to GSEs and securitized trusts	42		105
MSR purchases payable including advances	24		182
Other liabilities	554		496
Total payables and other liabilities	$	2,116	$	1,543

Schedule of Loans Subject to Repurchase Reserve

	Successor						Predecessor
Repurchase Reserves	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019			Three Months Ended June 30, 2018			Six Months Ended June 30, 2018
Balance - beginning of period	$	16		$	8		$	9		$	9
Provisions(1)	8			16			2			3
Releases	(1		)	(1		)	(2		)	(3		)
Balance - end of period	$	23		$	23		$	9		$	9

⁽¹⁾  Provision for the six months ended June 30, 2019 is primarily due to repurchase reserve liabilities assumed in connection with the acquisition of Pacific Union. See Note 2, Acquisitions for additional information.