Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other assets consist of the following:



	Successor
	December 31, 2019		December 31, 2018
Loans subject to repurchase right from Ginnie Mae	$	560	$	266
Derivative financial instruments	153		49
Trade receivables and accrued revenues	126		145
Right-of-use assets	121		—
Goodwill	120		23
Intangible assets	74		117
Other	236		195
Total other assets	$	1,390	$	795

Schedule of Goodwill

The table below presents changes in the carrying amount of goodwill for the year ended December 31, 2019:



	Successor				Predecessor
	Year Ended December 31, 2019		Five Months Ended December 31, 2018		Seven Months Ended July 31, 2018
Balance - beginning of period	$	23	$	10	$	72
Addition from acquisitions⁽¹⁾	42		13		—
Measurement period adjustment related to Merger⁽²⁾	55		—		—
Balance - end of period	$	120	$	23	$	72

⁽¹⁾

As discussed in Note 3, Acquisitions, the Company recorded goodwill of $40 in connection with the acquisition of Pacific Union. In addition, on February 28, 2019, the Company completed the acquisition of the Seterus mortgage servicing platform and assumed certain assets related thereto from IBM (“Seterus acquisition”). In connection with the Seterus acquisition, the Company recorded $2 in goodwill.


⁽²⁾	The Company recorded a total measurement period adjustment of $55 to goodwill in 2019 related to the acquisition of Nationstar. See further discussion in Note 3, Acquisitions.

Schedule of Intangible Assets and Goodwill

The following tables present the composition of intangible assets:



	Successor
	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Remaining Life in Years
Customer relationships	$	90	$	(45	)	$	45	5.9
Technology	46		(23		)	23		2.9
Trade name	8		(2		)	6		3.6
Other	1		(1		)	—		2.8
Total intangible assets	$	145	$	(71	)	$	74	4.7



	Successor
	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Remaining Life in Years
Customer relationships	$	77	$	(14	)	$	63	5.6
Technology	52		(8		)	44		3.6
Trade name	8		(1		)	7		4.6
Other⁽¹⁾	3		—			3		4.8
Total intangible assets	$	140	$	(23	)	$	117	4.7


⁽¹⁾	Accumulated amortization amount is less than $1 for the specified dates.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents the estimated aggregate amortization expense for existing amortizable intangible assets for the years indicated:



Year Ending December 31,	Amount
2020	$	32
2021	17
2022	13
2023	8
2024	1
Thereafter	3
Total future amortization expense	$	74