Payables and Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Payables and Accruals [Abstract]

Schedule of Payables and Accrued Liabilities

Payables and other liabilities consist of the following:

	Successor
	September 30, 2019		December 31, 2018
Loans subject to repurchase from Ginnie Mae	$	629	$	266
Payables to servicing and subservicing investors	523		494
Operating lease liability	137		—
Payables to GSEs and securitized trusts	126		105
MSR purchases payable including advances	21		182
Other liabilities	566		496
Total payables and other liabilities	$	2,002	$	1,543

Schedule of Loans Subject to Repurchase Reserve

The following table sets forth the activities of repurchase reserves.

	Successor									Predecessor
Repurchase Reserves	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019			Two Months Ended September 30, 2018			One Month Ended July 31, 2018		Seven Months Ended July 31, 2018
Balance - beginning of period	$	23		$	8		$	9		$	9	$	9
Provisions(1)	5			21			1			—		3
Releases	(4		)	(5		)	(1		)	—		(3		)
Balance - end of period	$	24		$	24		$	9		$	9	$	9

⁽¹⁾  Provision for the three and nine months ended September 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.