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SEC Filings

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

The volume of our originations activity and changes in market rates primarily govern the fluctuations in revenues and expenses of our Originations segment. Provided below are summaries of our originations volume by channel (in thousands):
 
Successor
 
 
Predecessor
 
For the Period From February 10, 2018 Through December 31, 2018
 
 
For the Period From January 1, 2018 Through February 9, 2018
 
Correspondent
 
Consumer
 
Wholesale
 
Total
 
 
Correspondent
 
Consumer
 
Wholesale
 
Total
Locked Volume (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchase
$
5,787,661

 
$
146,183

 
$
371,095

 
$
6,304,939

 
 
$
469,586

 
$
10,984

 
$
85,749

 
$
566,319

Refinance
1,792,419

 
2,838,275

 
246,430

 
4,877,124

 
 
214,761

 
516,531

 
69,464

 
800,756

Total
$
7,580,080

 
$
2,984,458

 
$
617,525

 
$
11,182,063

 
 
$
684,347

 
$
527,515

 
$
155,213

 
$
1,367,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Funded Volume
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchase
$
5,616,658

 
$
161,778

 
$
411,827

 
$
6,190,263

 
 
$
480,025

 
$
12,259

 
$
57,829

 
$
550,113

Refinance
1,706,198

 
3,248,330

 
266,699

 
5,221,227

 
 
190,656

 
377,717

 
45,751

 
614,124

Total
$
7,322,856

 
$
3,410,108

 
$
678,526

 
$
11,411,490

 
 
$
670,681

 
$
389,976

 
$
103,580

 
$
1,164,237

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sold Volume
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchase
$
5,334,957

 
$
157,736

 
$
415,276

 
$
5,907,969

 
 
$
533,367

 
$
16,750

 
$
64,966

 
$
615,083

Refinance
1,643,989

 
3,210,833

 
266,111

 
5,120,933

 
 
204,408

 
483,012

 
62,479

 
749,899

Total
$
6,978,946

 
$
3,368,569

 
$
681,387

 
$
11,028,902

 
 
$
737,775

 
$
499,762

 
$
127,445

 
$
1,364,982

 
 
Predecessor
 
 
For the Year Ended December 31, 2017
 
 
Correspondent
 
Consumer
 
Wholesale
 
Total
Locked Volume (1)
 
 
 
 
 
 
 
 
Purchase
 
$
6,562,755

 
$
98,583

 
$
505,610

 
$
7,166,948

Refinance
 
2,690,679

 
4,640,181

 
442,894

 
7,773,754

Total
 
$
9,253,434

 
$
4,738,764

 
$
948,504

 
$
14,940,702

 
 
 
 
 
 
 
 
 
Funded Volume
 
 
 
 
 
 
 
 
Purchase
 
$
6,736,255

 
$
113,406

 
$
444,401

 
$
7,294,062

Refinance
 
2,806,222

 
5,077,224

 
432,170

 
8,315,616

Total
 
$
9,542,477

 
$
5,190,630

 
$
876,571

 
$
15,609,678

 
 
 
 
 
 
 
 
 
Sold Volume
 
 
 
 
 
 
 
 
Purchase
 
$
6,922,893

 
$
112,440

 
$
419,800

 
$
7,455,133

Refinance
 
2,971,297

 
5,336,742

 
418,678

 
8,726,717

Total
 
$
9,894,190

 
$
5,449,182

 
$
838,478

 
$
16,181,850

__________
(1)
Volume has been adjusted by the percentage of mortgage loans not expected to close based on previous historical experience and changes in interest rates.

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