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Reverse Mortgage Interests (Tables)
 12 Months Ended
Dec. 31, 2020
Reverse Mortgage Interest [Abstract]  
Summary of Reverse Mortgage Interests
Reverse mortgage interests, net, consists of the following:
Successor
Reverse Mortgage Interests, NetDecember 31, 2020December 31, 2019
Participating interests in HECM mortgage-backed securities$3,471 $4,282 
Unsecuritized interests964 1,117 
Other interests securitized945 994 
Purchase discount, net(127)(114)
Total reverse mortgage interests, net$5,253 $6,279 
Unsecuritized interests in reverse mortgages consists of the following:
Successor
Unsecuritized InterestsDecember 31, 2020December 31, 2019
Repurchased HECM loans (exceeds 98% MCA)$665 $789 
HECM related receivables(1)
208 250 
Funded borrower draws not yet securitized72 64 
REO related receivables19 14 
Total unsecuritized interests$964 $1,117 

(1)HECM related receivables consist primarily of receivables from FNMA for corporate advances and service fees and claims receivables from HUD on reverse mortgage interests.
The following table sets forth the activities of the purchase discounts, net, for reverse mortgage interests:
Successor
Year Ended December 31,
Purchase Discount, Net, for Reverse Mortgage Interests(1)
20202019
Balance - beginning of year$(114)$(164)
Amortization, net of accretion(44)(22)
Utilization of purchase discounts(2)
31 96 
Adjustments(3)
— (24)
Balance - end of year$(127)$(114)

(1)Net position as certain items are in a premium/(discount) position, based on the characteristics of underlying tranches of loans.
(2)Utilization of purchase discounts to mitigate loss on liquidated loans, for which the remaining receivable was written-off.
(3)Adjustments during the year ended December 31, 2019 is due to revised cost to service assumption utilized in the valuation of reverse mortgage assets and liabilities acquired from the Merger.