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SEC Filings

10-K
DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
Entire Document
 

 
 
 
Predecessor
 
 
For the Period From January 1, 2018 Through February 9, 2018
 
 
Servicing
 
Originations
 
Reverse
Mortgage
 
Corporate and Other
 
Eliminations
 
Total
Consolidated
Net servicing revenue and fees (1)(2)
 
$
127,503

 
$

 
$
2,029

 
$

 
$
(847
)
 
$
128,685

Net gains on sales of loans (2)
 
216

 
27,490

 

 

 
257

 
27,963

Net fair value gains on reverse loans and related HMBS obligations
 

 

 
10,576

 

 

 
10,576

Interest income on loans
 
3,381

 
6

 

 

 

 
3,387

Other revenues (3)
 
14,451

 
2,389

 
602

 
89

 
(869
)
 
16,662

Total revenues
 
145,551

 
29,885

 
13,207

 
89

 
(1,459
)
 
187,273

 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
9,606

 
9,675

 
11,956

 
7,519

 

 
38,756

Depreciation and amortization
 
3,252

 
265

 
228

 
65

 

 
3,810

Other expenses, net (4)
 
48,649

 
21,580

 
9,579

 
12,808

 
(1,459
)
 
91,157

Total expenses
 
61,507

 
31,520

 
21,763

 
20,392

 
(1,459
)
 
133,723

 
 
 
 
 
 
 
 
 
 
 
 
 
Reorganization items and fresh start accounting adjustments
 
(14,588
)
 
9,612

 
7,423

 
462,116

 

 
464,563

Other gains (6)
 
158

 

 

 
2,718

 

 
2,876

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
69,614

 
$
7,977

 
$
(1,133
)
 
$
444,531

 
$

 
$
520,989


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