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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table provides the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses) for the derivative financial instruments:
 
 
 
Successor
 
 
 
December 31, 2019
 
Year Ended December 31, 2019
 
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
Loan sale commitments
2020
 
$
1,202

 
$
32.3

 
$
6.5

Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2020
 
4,838

 
134.7

 
75.0

LPCs
2020
 
1,094

 
12.2

 
10.5

Forward sales of MBS
2020
 
3,120

 
6.5

 
4.6

Eurodollar futures(1)
2020-2021
 
6

 
—

 
—

Total derivative financial instruments - assets
 
 
$
9,058

 
$
153.4

 
$
90.1

Liabilities
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
IRLCs(1)
2020
 
$
12

 
$
—

 
$
—

LPCs
2020
 
540

 
2.6

 
2.1

Forward sales of MBS
2020
 
6,036

 
12.3

 
(11.6
)
Eurodollar futures(1)
2020-2021
 
7

 
—

 
—

Total derivative financial instruments - liabilities
 
 
$
6,595

 
$
14.9

 
$
(9.5
)

 
 
 
Successor
 
 
Predecessor
 
 
 
December 31, 2018
 
Five Months Ended December 31, 2018
 
 
Seven Months Ended July 31, 2018
 
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded
Gains/(Losses)
 
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
 
 
 
Loan sale commitments
2019
 
$
319

 
$
13.5

 
$
2.8

 
 
$
10.5

Derivative financial instruments
 
 
 
 
 
 
 
 
 
 
IRLCs
2019
 
1,301

 
47.6

 
(12.1
)
 
 
0.4

LPCs
2019
 
215

 
1.7

 
0.4

 
 
0.3

Forward sales of MBS
2019
 
485

 
0.1

 
(3.1
)
 
 
0.9

Treasury futures(1)
2018
 
—

 
—

 
(0.1
)
 
 
(1.8
)
Eurodollar futures(1)
2019-2021
 
19

 
—

 
—

 
 
—

Total derivative financial instruments - assets
 
 
$
2,020

 
$
49.4

 
$
(14.9
)
 
 
$
(0.2
)
Liabilities
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
 
 
 
IRLCs(1)
2019
 
$
—

 
$
—

 
$
—

 
 
$
—

LPCs
2019
 
90

 
0.4

 
(0.2
)
 
 
0.1

Forward sales of MBS
2019
 
2,639

 
19.3

 
17.4

 
 
(1.0
)
Treasury futures(1)
2018
 
—

 
—

 
(0.1
)
 
 
(1.3
)
Eurodollar futures(1)
2019-2021
 
6

 
—

 
—

 
 
—

Total derivative financial instruments - liabilities
 
 
$
2,735

 
$
19.7

 
$
17.1

 
 
$
(2.2
)

(1) 
Fair values or recorded gains/(losses) of derivative instruments are less than $0.1 for the specified dates.