Payables and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Schedule of Payables and Accrued Liabilities

Payables and other liabilities consist of the following:

	Successor
	December 31, 2019		December 31, 2018
Loans subject to repurchase from Ginnie Mae	$	560	$	266
Payables to servicing and subservicing investors	423		494
Payable to GSEs and securitized trusts	182		105
Operating lease liability	135		—
MSR purchases payable including advances	20		182
Other liabilities	696		496
Total payables and other liabilities	$	2,016	$	1,543

Schedule of Loans Subject to Repurchase Reserve

The following table sets forth the activities of the repurchase reserves:

	Successor						Predecessor
Repurchase Reserves	For the year ended December 31, 2019			Five Months Ended December 31, 2018			Seven Months Ended July 31, 2018
Balance - beginning of period	$	8		$	9		$	9
Provisions(1)	25			3			3
Releases	(8		)	(4		)	(3		)
Balance - end of period	$	25		$	8		$	9

⁽¹⁾  Provision for the year ended December 31, 2019 is primarily due to repurchase reserve liabilities assumed in connection with the acquisition of Pacific Union. See Note 3, Acquisitions, for additional information.