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Reverse Mortgage Interests, Net (Tables)
 9 Months Ended
Sep. 30, 2018
Reverse Mortgage Interests [Abstract]  
Reverse Mortgage Interest
Unsecuritized interests in reverse mortgages consists of the following.
 
Successor
 
Predecessor
Unsecuritized Interests
September 30, 2018
 
December 31, 2017
Repurchased HECM loans
$
1,512

 
$
1,751

HECM related receivables
353

 
311

Funded borrower draws not yet securitized
68

 
82

REO related receivables
28

 
25

Purchase discount
(151
)
 
(89
)
Total unsecuritized interests
$
1,810

 
$
2,080

Reverse mortgage interests, net consists of the following.
 
Successor

 
Predecessor

Reverse Mortgage Interests, Net
September 30, 2018
 
December 31, 2017
Participating interests in HECM mortgage-backed securities, net of $55 and $0 premium, respectively
$
6,074

 
$
7,107

Other interests securitized, net of $117 and $0 discount, respectively
1,003

 
912

Unsecuritized interests, net of $151 and $89 discount, respectively
1,810

 
2,080

Reserves
(1
)
 
(115
)
Total reverse mortgage interests, net
$
8,886

 
$
9,984

The activity of the reserves for reverse mortgage interests is set forth below.
 
Successor
 
 
Predecessor
 
For the Period August 1 - September 30, 2018
 
 
For the Period July 1 - July 31, 2018
 
Three Months Ended September 30, 2017
 
For the Period January 1 - July 31, 2018
 
Nine Months Ended September 30, 2017
Reserves for reverse mortgage interests
 
 
 
 
 
Balance - beginning of period
$
—

 
 
$
117

 
$
149

 
$
115

 
$
131

Provision, net
1

 
 
12

 
22

 
32

 
44

Write-offs
—

 
 
—

 
(83
)
 
(18
)
 
(87
)
Balance - end of period
$
1

 
 
$
129

 
$
88

 
$
129

 
$
88

The following table sets forth the activities of the purchase premiums and discounts for reverse mortgage interests.
 
Successor
 
For the Period August 1 - September 30, 2018
Purchase premiums and discounts for reverse mortgage interests
Premium for Participating Interests in HMBS
 
Discount for Other Interest Securitized
 
Discount for Unsecuritized Interests
Balance - beginning of period
$
58

 
$
(117
)
 
$
(161
)
Additions
—

 
—

 
—

Accretion/(Amortization)
(3
)
 
—

 
10

Balance - end of period
$
55

 
$
(117
)
 
$
(151
)

In connection with previous reverse mortgage portfolio acquisitions, the Predecessor recorded a purchase discount within unsecuritized interests. The following table sets forth the activities of the purchase discounts for reverse mortgage interests.
 
Predecessor
Purchase discounts for reverse mortgage interests
For the Period July 1 - July 31, 2018
 
Three Months Ended September 30, 2017
 
For the Period January 1 - July 31, 2018
 
Nine Months Ended September 30, 2017
Balance - beginning of period
$
(84
)
 
$
(43
)
 
$
(89
)
 
$
(43
)
Additions
—

 
(75
)
 
(7
)
 
(75
)
Accretion
2

 
22

 
14

 
22

Balance - end of period
$
(82
)
 
$
(96
)
 
$
(82
)
 
$
(96
)