Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables present financial information by segment:

	Successor
	Year Ended December 31, 2020
Financial Information by Segment	Servicing		Originations		Xome		Corporate/ Other		Consolidated
Revenues
Service related, net	$	(115)	$	105	$	433	$	—	$	423
Net gain on mortgage loans held for sale	222		2,088		—		—		2,310
Total revenues	107		2,193		433		—		2,733
Total expenses	539		746		389		157		1,831
Other income (expenses), net:
Interest income	237		95		—		2		334
Interest expense	(442)		(78)		—		(182)		(702)
Other income (expenses), net	—		—		4		(139)		(135)
Total other income (expenses), net	(205)		17		4		(319)		(503)
(Loss) income before income tax (benefit) expense	$	(637)	$	1,464	$	48	$	(476)	$	399
Depreciation and amortization for property and equipment and intangible assets	$	20	$	18	$	15	$	21	$	74
Total assets	$	16,173	$	5,447	$	128	$	2,417	$	24,165

	Successor
	Year Ended December 31, 2019
Financial Information by Segment	Servicing		Originations		Xome		Corporate/ Other		Consolidated
Revenues
Service related, net	$	408	$	80	$	422	$	(1)	$	909
Net gain on mortgage loans held for sale	124		963		—		11		1,098
Total revenues	532		1,043		422		10		2,007
Total expenses	690		568		398		195		1,851
Other income (expenses), net:
Interest income	500		98		—		7		605
Interest expense	(469)		(98)		—		(212)		(779)
Other income (expenses), net	4		4		14		(7)		15
Total other income (expenses), net	35		4		14		(212)		(159)
(Loss) income before income tax (benefit) expense	$	(123)	$	479	$	38	$	(397)	$	(3)
Depreciation and amortization for property and equipment and intangible assets	$	19	$	18	$	14	$	40	$	91
Total assets	$	11,743	$	4,313	$	139	$	2,110	$	18,305

	Successor
	Five Months Ended December 31, 2018
Financial Information by Segment	Servicing		Originations		Xome		Corporate/ Other		Consolidated
Revenues
Service related, net	$	217	$	24	$	177	$	—	$	418
Net gain on mortgage loans held for sale	19		157		—		—		176
Total revenues	236		181		177		—		594
Total expenses	303		155		178		71		707
Other income (expenses), net:
Interest income	222		27		—		7		256
Interest expense	(173)		(26)		(1)		(93)		(293)
Other income, net	6		5		1		1		13
Total other income (expenses), net	55		6		—		(85)		(24)
(Loss) income before income tax (benefit) expense	$	(12)	$	32	$	(1)	$	(156)	$	(137)
Depreciation and amortization for property and equipment and intangible assets	$	9	$	5	$	5	$	20	$	39
Total assets	$	13,460	$	1,498	$	167	$	1,848	$	16,973

	Predecessor
	Seven Months Ended July 31, 2018
Financial Information by Segment	Servicing		Originations		Xome		Elimination/ Reclassification(1)		Total Operating Segments		Corporate/ Other		Consolidated
Revenues
Service related, net	$	740	$	36	$	149	$	(25)	$	900	$	1	$	901
Net gain on mortgage loans held for sale	—		270		—		25		295		—		295
Total revenues	740		306		149		—		1,195		1		1,196
Total expenses	474		245		123		—		842		103		945
Other income (expenses), net:
Interest income	288		38		—		—		326		7		333
Interest expense	(268)		(37)		—		—		(305)		(83)		(388)
Other (expenses) income, net	(1)		—		9		—		8		(2)		6
Total other income (expenses), net	19		1		9		—		29		(78)		(49)
Income (loss) before income tax expense (benefit)	$	285	$	62	$	35	$	—	$	382	$	(180)	$	202
Depreciation and amortization for property and equipment and intangible assets	$	15	$	7	$	7	$	—	$	29	$	4	$	33
Total assets	$	14,578	$	4,701	$	425	$	(3,591)	$	16,113	$	913	$	17,026

(1)For the Predecessor’s Servicing segment results purposes, all revenue is attributable to servicing the portfolio. Therefore, $25 of net gain on mortgage loans was moved to revenues - service related, net during the seven months ended July 31, 2018. For consolidated results purposes, these amounts were reclassed to net gain on mortgage loans held for sale.