Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES

v3.10.0.1
OTHER INCOME, ASSETS AND LIABILITIES
6 Months Ended
Jun. 30, 2018
Other Income Assets And Liabilities  
OTHER INCOME, ASSETS AND LIABILITIES
OTHER INCOME, ASSETS AND LIABILITIES
 
Gain (loss) on settlement of investments, net is comprised of the following:
 
Three Months Ended 
 June 30,
 
Six Months Ended  
 June 30,
 
2018
 
2017
 
2018
 
2017
Gain (loss) on sale of real estate securities, net
$
(8,731
)
 
$
21,257

 
$
(37,958
)
 
$
22,250

Gain (loss) on sale of residential mortgage loans, net
9,228

 
26,373

 
(5,423
)
 
28,938

Gain (loss) on settlement of derivatives
19,270

 
(27,734
)
 
56,633

 
(39,570
)
Gain (loss) on liquidated residential mortgage loans
(769
)
 
(3,628
)
 
(1,154
)
 
(5,844
)
Gain (loss) on sale of REO
(4,343
)
 
(2,702
)
 
(7,143
)
 
(5,312
)
Gains reclassified from change in fair value of investments in excess MSRs and servicer advance investments

 

 
113,002

 

Other gains (losses)

 
(195
)
 

 
(765
)
 
$
14,655

 
$
13,371

 
$
117,957

 
$
(303
)


Other income (loss), net, is comprised of the following:
 
Three Months Ended 
 June 30,
 
Six Months Ended  
 June 30,
 
2018
 
2017
 
2018
 
2017
Unrealized gain (loss) on derivative instruments
$
1,240

 
$
(8,010
)
 
$
3,686

 
$
(3,684
)
Unrealized gain (loss) on other ABS
5,117

 
(607
)
 
4,804

 
151

Gain (loss) on transfer of loans to REO
6,320

 
4,978

 
10,490

 
11,612

Gain (loss) on transfer of loans to other assets
(175
)
 
81

 
(120
)
 
293

Gain (loss) on Excess MSRs
1,365

 
715

 
4,270

 
1,342

Gain (loss) on Ocwen common stock
(972
)
 

 
4,800

 

Other income (loss)
(2,918
)
 
(6,192
)
 
(7,969
)
 
(11,905
)
 
$
9,977

 
$
(9,035
)
 
$
19,961

 
$
(2,191
)


Other assets and liabilities are comprised of the following:
 
Other Assets
 
 
 
Accrued Expenses
and Other Liabilities
 
June 30, 2018
 
December 31, 2017
 
 
 
June 30, 2018
 
December 31, 2017
Margin receivable, net
$
119,211

 
$
53,150

 
Interest payable
 
$
33,260

 
$
28,821

Other receivables
66,167

 
10,635

 
Accounts payable
 
45,030

 
73,017

Principal and interest receivable
53,576

 
48,373

 
Derivative liabilities (Note 10)
 
7,811

 
697

Receivable from government agency
25,020

 
41,429

 
Current taxes payable
 

 

Call rights
327

 
327

 
Due to servicers
 
76,749

 
24,571

Derivative assets (Note 10)
10

 
2,423

 
MSR purchase price holdback
 
100,080

 
101,290

Servicing fee receivables
74,095

 
60,520

 
Other liabilities
 
21,120

 
10,718

Ginnie Mae EBO servicer advances receivable, net
2,269

 
8,916

 
 
 
$
284,050

 
$
239,114

Due from servicers
58,181

 
38,601

 
 
 
 
 
 
Ocwen common stock, at fair value
24,059

 
19,259

 
 
 
 
 
 
Prepaid expenses
9,479

 
7,308

 
 
 
 
 
 
Other assets
36,402

 
21,240

 
 
 
 
 
 
 
$
468,796

 
$
312,181

 
 
 
 
 
 


As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
 
 
Six Months Ended  
 June 30,
 
 
2018
 
2017
Accretion of servicer advances receivable discount and servicer advance investments
 
$
146,024

 
$
316,512

Accretion of excess mortgage servicing rights income
 
20,743

 
49,546

Accretion of net discount on securities and loans(A)
 
197,331

 
187,039

Amortization of deferred financing costs
 
(3,963
)
 
(6,800
)
Amortization of discount on notes and bonds payable
 
(1,030
)
 
(911
)
 
 
$
359,105

 
$
545,386


(A)
Includes accretion of the accretable yield on PCD loans.