19. Business Segment Reporting

The Company’s segments are based upon the Company’s organizational structure, which focuses primarily on the services offered. Corporate functional expenses are allocated to individual segments based on the actual cost of services performed based on direct resource utilization, estimate of percentage use for shared services or headcount percentage for certain functions. Facility costs are allocated to individual segments based on cost per headcount for specific facilities utilized. Group insurance costs are allocated to individual segments based on global cost per headcount. Non-allocated corporate expenses include the administrative costs of executive management and other corporate functions that are not directly attributable to Company’s operating segments. Revenues generated on inter-segment services performed are valued based on similar services provided to external parties.

The following tables present financial information by segment:



	Three Months Ended March 31, 2020
Financial information by segment	Servicing			Originations			Xome		Elimination			Total Operating Segments			Corporate/Other			Consolidated
Revenues
Service related, net	$	(180	)	$	20		$	106	$	(1	)	$	(55	)	$	2		$	(53	)
Net gain on mortgage loans held for sale	34			297			—		—			331			—			331
Total revenues	(146		)	317			106		(1		)	276			2			278
Total expenses	149			166			96		(1		)	410			34			444
Other income (expenses), net:
Interest income	83			34			—		—			117			1			118
Interest expense	(113		)	(27		)	—		—			(140		)	(52		)	(192		)
Other income (expenses), net	—			—			1		—			1			—			1
Total other income (expenses), net	(30		)	7			1		—			(22		)	(51		)	(73		)
(Loss) income before income tax (benefit) expense	$	(325	)	$	158		$	11	$	—		$	(156	)	$	(83	)	$	(239	)
Depreciation and amortization for property and equipment and intangible assets	$	3		$	3		$	3	$	—		$	9		$	10		$	19
Total assets	$	10,142		$	9,608		$	534	$	(5,964	)	$	14,320		$	3,293		$	17,613



	Three Months Ended March 31, 2019
Financial information by segment	Servicing			Originations			Xome		Elimination			Total Operating Segments			Corporate/Other			Consolidated
Revenues
Service related, net	$	(27	)	$	15		$	96	$	—		$	84		$	—		$	84
Net gain on mortgage loans held for sale	35			131			—		—			166			—			166
Total revenues	8			146			96		—			250			—			250
Total expenses	195			104			99		—			398			45			443
Other income (expenses), net:
Interest income	115			17			—		—			132			2			134
Interest expense	(114		)	(18		)	—		—			(132		)	(57		)	(189		)
Other income, net	—			4			11		—			15			—			15
Total other income (expenses), net	1			3			11		—			15			(55		)	(40		)
(Loss) income before income tax (benefit) expense	$	(186	)	$	45		$	8	$	—		$	(133	)	$	(100	)	$	(233	)
Depreciation and amortization for property and equipment and intangible assets	$	4		$	3		$	4	$	—		$	11		$	10		$	21
Total assets	$	13,642		$	4,865		$	502	$	(4,100	)	$	14,909		$	2,737		$	17,646