Indebtedness (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes Payable

						Successor
						June 30, 2019					December 31, 2018
Advance Facilities	Interest Rate	Maturity Date	Collateral	Capacity Amount		Outstanding			Collateral Pledged		Outstanding		Collateral pledged
Nationstar mortgage advance receivable trust	LIBOR + 1.5% to 6.5%	August 2021	Servicing advance receivables	$	325	$	229		$	290	$	209	$	284
Nationstar agency advance receivable trust	LIBOR + 1.5% to 2.6%	December 2020	Servicing advance receivables	250		162			194		218		255
MBS servicer advance facility (2014)	LIBOR + 2.5%	December 2019	Servicing advance receivables	200		90			131		90		149
Nationstar agency advance financing facility	LIBOR + 1.5% to 7.4%	July 2020	Servicing advance receivables	125		87			99		78		89
Advance facilities principal amount						568			$	714	595		$	777
Unamortized debt issuance costs						(1		)			—
Advance facilities, net						$	567				$	595

						Successor
						June 30, 2019					December 31, 2018
Warehouse Facilities	Interest Rate	Maturity Date	Collateral	Capacity Amount		Outstanding			Collateral pledged		Outstanding			Collateral pledged
$1,200 warehouse facility	LIBOR + 1.7% to 3.5%	November 2019	Mortgage loans or MBS	$	1,200	$	715		$	762	$	560		$	622
$1,000 warehouse facility	LIBOR + 1.6% to 2.5%	September 2019	Mortgage loans or MBS	1,000		629			646		137			140
$750 warehouse facility	LIBOR + 1.4% to 2.8%	August 30, 2019	Mortgage loans or MBS	750		416			424		119			122
$800 warehouse facility(1)	LIBOR + 1.5% to 2.9%	April 2020	Mortgage loans or MBS	800		531			576		464			514
$600 warehouse facility	LIBOR + 2.3%	February 2020	Mortgage loans or MBS	600		226			258		151			168
$500 warehouse facility	LIBOR + 1.5% to 3.0%	April 2020	Mortgage loans or MBS	500		382			395		187			200
$500 warehouse facility	LIBOR + 1.5% to 2.8%	November 2019	Mortgage loans or MBS	500		377			410		220			248
$500 warehouse facility	LIBOR + 2.0% to 2.3%	September 2020	Mortgage loans or MBS	500		49			51		290			299
$200 warehouse facility	LIBOR + 1.0%	June 2020	Mortgage loans or MBS	200		194			187		—			—
$200 warehouse facility	LIBOR + 1.5%	December 2019	Mortgage loans or MBS	200		107			103		—			—
$200 warehouse facility	LIBOR + 1.5%	October 2019	Mortgage loans or MBS	200		104			103		—			—
$200 warehouse facility	LIBOR + 2.0%	January 2020	Mortgage loans or MBS	200		88			116		103			132
$200 warehouse facility	LIBOR + 1.2%	April 2021	Mortgage loans or MBS	200		32			33		18			19
$50 warehouse facility	LIBOR + 2.7% to 7.5%	April 2020	Mortgage loans or MBS	50		5			7		—			—
$40 warehouse facility	LIBOR + 3.0%	November 2019	Mortgage loans or MBS	40		1			2		1			2
Warehouse facilities principal amount						3,856			4,073		2,250			2,466
MSR Facility
$400 warehouse facility	LIBOR + 3.5% to 6.1%	June 2021	MSR	400		150			786		100			928
$400 warehouse facility	LIBOR + 2.3%	December 2020	MSR	400		25			215		—			226
$150 warehouse facility(1)	LIBOR + 2.8%	April 2020	MSR	150		—			121		—			430
$50 warehouse facility	LIBOR + 2.8%	August 2020	MSR	50		15			92		—			102
						190			1,214		100			1,686
Warehouse facilities principal amount						4,046			$	5,287	2,350			$	4,152
Unamortized debt issuance costs						(1		)			(1		)
Warehouse facilities, net						$	4,045				$	2,349
Pledged Collateral:
Mortgage loans and mortgage loans held for investment						$	3,204		$	3,319	$	1,528		$	1,628
Reverse mortgage interests						652			754		722			838
MSR						190			1,214		100			1,686

⁽¹⁾  Total capacity amount for this facility is $800 of which $150 is a sublimit for MSR financing.

Schedule of Unsecured Senior Notes

Unsecured senior notes consist of the following:

	Successor
	June 30, 2019			December 31, 2018
$950 face value, 8.125% interest rate payable semi-annually, due July 2023	$	950		$	950
$750 face value, 9.125% interest rate payable semi-annually, due July 2026	750			750
$600 face value, 6.500% interest rate payable semi-annually, due July 2021	592			592
$300 face value, 6.500% interest rate payable semi-annually, due June 2022	206			206
Unsecured senior notes principal amount	2,498			2,498
Unamortized debt issuance costs, net of premium, and discount	(36		)	(39		)
Unsecured senior notes, net	$	2,462		$	2,459

Schedule of Maturities of Long-term Debt

As of June 30, 2019, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:

Year Ending December 31,	Amount
2019	$	—
2020	—
2021	592
2022	206
2023	950
Thereafter	750
Total	$	2,498

Schedule of Other Nonrecourse Debt

Other nonrecourse debt consists of the following:

						Successor
						June 30, 2019		December 31, 2018
	Issue Date	Maturity Date	Class of Note	Securitized Amount		Outstanding		Outstanding
Participating interest financing(1)	—	—	—	$	—	$	4,861	$	5,607
Securitization of nonperforming HECM loans
Trust 2017-2(2)	September 2017	September 2027	A, M1, M2	—		—		231
Trust 2018-1	March 2018	March 2028	A, M1, M2, M3, M4, M5	252		224		284
Trust 2018-2	August 2018	August 2028	A, M1, M2, M3, M4, M5	198		182		250
Trust 2018-3	November 2018	November 2028	A, M1, M2, M3, M4, M5	284		272		326
Trust 2019-1	June 2019	June 2029	A, M1, M2, M3, M4, M5	398		398		—
Nonrecourse Debt - Legacy	November 2009	October 2039	A	97		22		29
Other nonrecourse debt principal amount						5,959		6,727
Unamortized debt issuance costs, premium, and issuance discount						26		68
Other nonrecourse debt, net						$	5,985	$	6,795

⁽¹⁾  Amounts represent the Company’s participating interest in GNMA HMBS securitized portfolios.

⁽²⁾  As discussed in Note 5, Reverse Mortgage Interests, Net, Trust 2017-2 was extinguished.