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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2018
Jul. 31, 2018
Dec. 31, 2019
Dec. 31, 2017
Statement of Cash Flows [Abstract]        
Net income $ 884 $ 154 $ 270 $ 31
Operating Activities        
Net income 884 154 274 30
Adjustments to reconcile net income to net cash attributable to operating activities:        
Deferred tax (benefit) expense (1,021) 63 (366) (46)
Net gain on mortgage loans held for sale (176) (295) (1,098) (607)
Interest income on reverse mortgage loans (206) (274) (307) (490)
Loss (gain) on sale of assets 0 (9) 2 (8)
MSL related increased obligation 0 59 0 0
Provision for servicing reserves 38 70 66 148
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities 225 (177) 1,005 430
Fair value changes in excess spread financing 5 81 (169) 12
Fair value changes in mortgage servicing rights financing liability 6 16 5 (17)
Fair value changes in mortgage loans held for investment (2) 0 (3) 0
Amortization of premiums, net of discount accretion 9 8 (32) 82
Depreciation and amortization for property and equipment and intangible assets 39 33 91 59
Share-based compensation 2 17 18 17
Other loss 0 3 11 6
Repurchases of forward loan assets out of Ginnie Mae securitizations (527) (544) (2,895) (1,249)
Mortgage loans originated and purchased for sale, net of fees (8,888) (12,328) (40,257) (19,159)
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment 9,405 13,392 41,948 20,776
Changes in assets and liabilities:        
Advances and other receivables 43 377 228 (30)
Reverse mortgage interests 1,544 1,601 2,192 1,672
Other assets (61) (41) 78 (75)
Payables and other liabilities (68) 88 (85) (193)
Net cash attributable to operating activities 1,251 2,294 702 1,359
Investing Activities        
Acquisitions, net of cash acquired (33) 0 (85) 0
Property and equipment additions, net of disposals (15) (40) (49) (42)
Purchase of forward mortgage servicing rights, net of liabilities incurred (307) (134) (547) (63)
Net payment related to acquisition of HECM related receivables 0 (1) 0 0
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables 0 0 0 16
Proceeds on sale of forward and reverse mortgage servicing rights 105 0 343 71
Proceeds on sale of assets 0 13 0 16
Purchase of cost-method investments 0 0 0 (4)
Net cash attributable to investing activities (250) (162) (338) (6)
Financing Activities        
Increase (decrease) in warehouse facilities (351) (585) 1,704 863
(Decrease) increase in advance facilities 45 (305) (186) (241)
Repayment of notes payable 0 0 (294) 0
Proceeds from issuance of HECM securitizations 343 759 751 707
Proceeds from sale of HECM securitizations 0 0 20 0
Repayment of HECM securitizations (374) (448) (870) (572)
Proceeds from issuance of participating interest financing 112 208 277 575
Repayment of participating interest financing (943) (1,599) (1,868) (2,597)
Proceeds from issuance of excess spread financing 255 70 542 0
Repayment of excess spread financing (38) (3) (27) (23)
Settlement of excess spread financing (77) (105) (219) (207)
Repayment of nonrecourse debt - legacy assets (6) (7) (29) (15)
Repurchase of unsecured senior notes (1,030) (62) (100) (123)
Repayment of finance lease liability 0 0 (4) 0
Proceeds from non-controlling interests 3 0 0 0
Surrender of shares relating to stock vesting 0 (9) (2) (4)
Debt financing costs (2) (24) (8) (13)
Dividends to non-controlling interests 0 (1) 0 (5)
Net cash attributable to financing activities (2,063) (2,111) (313) (1,655)
Net increase (decrease) in cash and cash equivalents (1,062) 21 51 (302)
Cash and cash equivalents - beginning of period 596 [1] 575 [1] 561 [1] 877
Cash and cash equivalents - end of year [1] 561 596 612 575
Supplemental Disclosures of Cash Activities        
Cash paid for interest expense 283 417 174 765
Net cash paid (refunded) for income taxes (37) 36 42 102
Supplemental Disclosures of Non-cash Investing Activities        
Forward mortgage servicing rights sales price holdback 0 0 49 0
Purchase of forward mortgage servicing rights $ 0 $ 0 $ 28 $ 0
[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash to amount reported within the consolidated balance sheets. Successor Predecessor December 31, 2019 December 31, 2018 July 31, 2018 December 31, 2017Cash and cash equivalents$329 $242 $166 $215Restricted cash283 319 430 360Total cash, cash equivalents and restricted cash$612 $561 $596 $575