($ in millions)
DECEMBER 31, 2015 | Servicing | Originations | Reverse Mortgage |
Other Reportable Segments | Total Consolidated |
REVENUE | $669.5 | $493.8 | $147.6 | $(36.7) | $1,274.2 |
INCOME (LOSS) BEFORE INCOME TAXES | $(269.8) | $123.5 | $(112.3) | $(145.8) | $(404.4) |
ADJUSTED EARNINGS (LOSS) BEFORE INCOME TAXES | $109.8 | $140.4 | $(8.0) | $(122.3) | $119.9 |
ADJUSTED EBITDA | $380.3 | $157.6 | $(3.1) | $14.9 | $549.7 |
DECEMBER 31, 2014 | Servicing | Originations | Reverse Mortgage |
Other Reportable Segments | Total Consolidated |
REVENUE | $857.4 | $481.8 | $157.2 | $(9.2) | $1,487.2 |
INCOME (LOSS) BEFORE INCOME TAXES | $(29.3) | $117.1 | $(101.1) | $(106.0) | $(119.3) |
ADJUSTED EARNINGS (LOSS) BEFORE INCOME TAXES | $234.8 | $138.3 | $(4.0) | $(103.3) | $265.8 |
ADJUSTED EBITDA | $424.5 | $144.3 | $0.8 | $34.6 | $604.2 |
Servicing | |
Adjusted Average Serviced UPB (in billions) |
$244.7 |
Number of Units Serviced | 2.1 million |
AEBITDA as a % of Adjusted Average Serviced UPB (in millions) | 16 bps |
Originations | |
Funded Volume (in billions) | $25.1 |
Consumer Lending Direct Margin | 192 bps |
Correspondent Lending Direct Margin | 40 bps |
Reverse Mortgage | |
UPB Securitized Volume (in billions) | $1.5 |
Serviced UPB (in billions) | $20.1 |
($ in millions)
2015 | 2014 | |
CASH | $202.8 | $320.2 |
CORPORATE DEBT | $2,157.4 | $2,237.0 |
EQUITY | $804.7 | $1,076.7 |