Business Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables present financial information by segment:

	Three Months Ended June 30, 2020
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net	$	(114)	$	21	$	106	$	(1)	$	12
Net gain on mortgage loans held for sale	45		573		—		—		618
Total revenues	(69)		594		106		(1)		630
Total expenses	122		167		95		35		419
Interest income	57		19		—		—		76
Interest expense	(117)		(13)		—		(47)		(177)
Other income (expenses), net	—		—		1		(1)		—
Total other (expenses) income, net	(60)		6		1		(48)		(101)
(Loss) income before income tax (benefit) expense	$	(251)	$	433	$	12	$	(84)	$	110
Depreciation and amortization for property and equipment and intangible assets	$	5	$	4	$	3	$	6	$	18
Total assets	$	10,736	$	3,592	$	135	$	2,837	$	17,300

	Three Months Ended June 30, 2019
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net	$	9	$	20	$	108	$	—	$	137
Net gain on mortgage loans held for sale	18		244		—		—		262
Total revenues	27		264		108		—		399
Total expenses	189		145		101		57		492
Interest income	136		23		—		3		162
Interest expense	(109)		(25)		—		(53)		(187)
Other income, net	—		1		—		—		1
Total other income (expenses), net	27		(1)		—		(50)		(24)
(Loss) income before income tax (benefit) expense	$	(135)	$	118	$	7	$	(107)	$	(117)
Depreciation and amortization for property and equipment and intangible assets	$	4	$	6	$	3	$	11	$	24
Total assets	$	12,906	$	3,462	$	112	$	1,925	$	18,405

	Six Months Ended June 30, 2020
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net	$	(294)	$	41	$	212	$	—	$	(41)
Net gain on mortgage loans held for sale	79		870		—		—		949
Total revenues	(215)		911		212		—		908
Total expenses	271		333		191		68		863
Interest income	140		53		—		1		194
Interest expense	(230)		(40)		—		(99)		(369)
Other income (expense), net	—		—		2		(1)		1
Total other (expenses) income, net	(90)		13		2		(99)		(174)
(Loss) income before income tax (benefit) expense	$	(576)	$	591	$	23	$	(167)	$	(129)
Depreciation and amortization for property and equipment and intangible assets	$	8	$	7	$	6	$	16	$	37
Total assets	$	10,736	$	3,592	$	135	$	2,837	$	17,300

	Six Months Ended June 30, 2019
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net	$	(18)	$	35	$	204	$	—	$	221
Net gain on mortgage loans held for sale	53		375		—		—		428
Total revenues	35		410		204		—		649
Total expenses	384		249		200		102		935
Interest income	251		40		—		5		296
Interest expense	(223)		(43)		—		(110)		(376)
Other income, net	—		5		11		—		16
Total other income (expenses), net	28		2		11		(105)		(64)
(Loss) income before income tax (benefit) expense	$	(321)	$	163	$	15	$	(207)	$	(350)
Depreciation and amortization for property and equipment and intangible assets	$	8	$	9	$	7	$	21	$	45
Total assets	$	12,906	$	3,462	$	112	$	1,925	$	18,405