Business Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables present financial information by segment:

	Three Months Ended September 30, 2020
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net(1)	$	92	$	27	$	108	$	—	$	227
Net gain on mortgage loans held for sale	40		605		—		—		645
Total revenues	132		632		108		—		872
Total expenses	99		195		94		43		431
Interest income	40		16		—		—		56
Interest expense	(105)		(15)		—		(45)		(165)
Other income (expenses), net	—		—		1		(52)		(51)
Total other (expenses) income, net	(65)		1		1		(97)		(160)
(Loss) income before income tax (benefit) expense	$	(32)	$	438	$	15	$	(140)	$	281
Depreciation and amortization for property and equipment and intangible assets	$	6	$	5	$	5	$	3	$	19
Total assets	$	14,707	$	4,250	$	135	$	2,663	$	21,755

	Three Months Ended September 30, 2019
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net(1)	$	126	$	22	$	112	$	(2)	$	258
Net gain on mortgage loans held for sale	37		312		—		11		360
Total revenues	163		334		112		9		618
Total expenses	171		155		101		51		478
Interest income	137		24		—		2		163
Interest expense	(120)		(24)		—		(52)		(196)
Other (expense) income, net	—		(1)		3		(2)		—
Total other income (expenses), net	17		(1)		3		(52)		(33)
Income (loss) before income tax expense (benefit)	$	9	$	178	$	14	$	(94)	$	107
Depreciation and amortization for property and equipment and intangible assets	$	5	$	4	$	4	$	9	$	22
Total assets	$	12,065	$	4,386	$	172	$	1,855	$	18,478

	Nine Months Ended September 30, 2020
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net(1)	$	(202)	$	68	$	320	$	—	$	186
Net gain on mortgage loans held for sale	119		1,475		—		—		1,594
Total revenues	(83)		1,543		320		—		1,780
Total expenses	370		528		285		111		1,294
Interest income	180		69		—		1		250
Interest expense	(335)		(55)		—		(144)		(534)
Other income (expense), net	—		—		3		(53)		(50)
Total other (expenses) income, net	(155)		14		3		(196)		(334)
(Loss) income before income tax (benefit) expense	$	(608)	$	1,029	$	38	$	(307)	$	152
Depreciation and amortization for property and equipment and intangible assets	$	14	$	12	$	11	$	19	$	56
Total assets	$	14,707	$	4,250	$	135	$	2,663	$	21,755

	Nine Months Ended September 30, 2019
Financial information by segment	Servicing		Originations		Xome		Corporate/Other		Consolidated
Revenues
Service related, net(1)	$	108	$	57	$	316	$	(2)	$	479
Net gain on mortgage loans held for sale	90		687		—		11		788
Total revenues	198		744		316		9		1,267
Total expenses	555		404		301		153		1,413
Interest income	388		64		—		7		459
Interest expense	(343)		(67)		—		(162)		(572)
Other income (expense), net	—		4		14		(2)		16
Total other income (expenses), net	45		1		14		(157)		(97)
(Loss) income before income tax (benefit) expense	$	(312)	$	341	$	29	$	(301)	$	(243)
Depreciation and amortization for property and equipment and intangible assets	$	13	$	13	$	11	$	30	$	67
Total assets	$	12,065	$	4,386	$	172	$	1,855	$	18,478

(1)Service related, net revenues for Corporate/Other include intersegment eliminations.