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Ditech Holding Corporation  (WAC)
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What are Ditech Holding's Business Segments?



Our Servicing segment performs collections of post charge-off or foreclosure deficiency balances for itself and on behalf of third-party securitization trusts and other asset owners. The third-party fee we earn is based on a percentage of our collections or a percentage of the unpaid principal balance. We recognize revenues associated with our on-balance sheet charged-off loan portfolio through its change in fair value.

Our Originations segment revenue, which is primarily gains on sales of loans, is impacted by interest rates and the volume of loans locked. The margins earned by our Originations segment are impacted by our cost to originate the loans including underwriting, fulfillment and lead costs. We generally sell our originated and purchased mortgage loans to third parties while retaining the servicing rights.


Reverse Mortgage - Our Reverse Mortgage segment primarily focuses on the origination or purchase, securitization and servicing of reverse loans. Reverse loan originations are generally conducted through our consumer direct, consumer retail, wholesale and correspondent lending origination channels.

Our Reverse Mortgage segment receives cash proceeds at the time reverse loans are securitized. We securitize substantially all our reverse loans through the Ginnie Mae II MBS program into HMBS. Based upon the structure of the Ginnie Mae II MBS program, we determined that we have not met all of the requirements for sale accounting, and as such, we account for these transfers as secured borrowings. Under this accounting treatment, the reverse loans remain on the consolidated balance sheet as residential loans. The segment earns net revenue on the net fair value gains on reverse loans and the related HMBS obligations.

   

Ditech Holding Tax Rate Companies within the Consumer Financial Services Industry


Business Segments Q4
Revenues
(in millions $)
Q4
Income
(in millions $)
(Dec 31 2018)
%
(Profit Margin)
Total 182.79 -354.30 -

Growth rates by Segment Q4
Y/Y Revenue
%
(Dec 31 2018)
Q/Q Revenue
%
Q4
Y/Y Income
%
(Dec 31 2018)
Q/Q Income
%
Total -8.85 % -10.69 % - -

To get more information on Ditech Holding's Total segment. Select each division with the arrow.


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