($ in millions)
DECEMBER 31, 2014 | Servicing | Originations | Reverse Mortgage |
Other Reportable Segments | Total Consolidated |
REVENUE | $563.5 | $481.8 | $157.2 | $284.7 | $1,487.2 |
INCOME (LOSS) BEFORE INCOME TAXES | $(142.5) | $137.1 | $(104.4) | $(9.5) | $(119.3) |
ADJUSTED EARNINGS (LOSS) BEFORE INCOME TAXES | $117.6 | $158.5 | $(7.1) | $(3.2) | $265.8 |
ADJUSTED EBITDA | $311.0 | $166.4 | $(2.2) | $129.0 | $604.2 |
DECEMBER 31, 2013 | Servicing | Originations | Reverse Mortgage |
Other Reportable Segments | Total Consolidated |
REVENUE | $741.8 | $630.4 | $167.7 | $262.6 | $1,802.5 |
INCOME (LOSS) BEFORE INCOME TAXES | $224.1 | $263.0 | $0.4 | $(74.7) | $412.8 |
ADJUSTED EARNINGS (LOSS) BEFORE INCOME TAXES | $132.5 | 273.1 | $40.3 | $(3.9) | $442.0 |
ADJUSTED EBITDA | $264.7 | 284.1 | $45.1 | $97.8 | $691.7 |
Servicing | |
Adjusted Average Serviced UPB (in billions)2 |
$236.6 |
Number of Units Serviced | 2.2 million |
AEBITDA as a % of Adjusted Average Serviced UPB | 13 bps |
Originations | |
Funded Volume (in billions) | $18.5 |
Capitalized Mortgage Servicing Rights (in millions) |
$214.3 |
Consumer Lending Direct Margin | 294 bps |
Reverse Mortgage | |
UPB Securitized Volume (in billions) | $1.5 |
Serviced UPB (in billions) | $18.0 |
Cash Gain Margin | 378 bps |
($ in millions)
2014 | 2013 | |
CASH | $320.2 | $491.9 |
CORPORATE DEBT | $2,267.8 | $2,272.1 |
EQUITY | $1,076.7 | $1,167.0 |