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Securitizations and Financings (Tables)
 12 Months Ended
Dec. 31, 2020
Variable Interest Entities and Securitizations [Abstract]  
Schedule of Assets and Liabilities of VIEs Included in Financial Statements
A summary of the assets and liabilities of the Company’s transactions with VIEs included in the Company’s consolidated financial statements is presented below:
Successor
December 31, 2020December 31, 2019
 Consolidated Transactions with VIEsTransfers
Accounted for as
Secured
Borrowings		Reverse Secured BorrowingsTransfers
Accounted for as
Secured
Borrowings		Reverse Secured Borrowings
Assets
Restricted cash$47 $23 $66 $42 
Advances and other receivables, net441 — 540 — 
Reverse mortgage interests, net(1)
— 4,356 — 5,230 
Total assets$488 $4,379 $606 $5,272 
Liabilities
Advance facilities(2)
$358 $— $359 $— 
Payables and other liabilities1 — 1 1 
Participating interest financing— 3,473 — 4,284 
HECM Securitizations (HMBS)
Trust 2020-1— 490 — — 
Trust 2019-2— 241 — 333 
Trust 2019-1— 212 — 302 
Trust 2018-3— — — 209 
Trust 2018-2— — — 148 
Total liabilities$359 $4,416 $360 $5,277 

(1)Amounts include net purchase discount of $61 and $46 as of December 31, 2020 and 2019, respectively.
(2)Refer to advance facilities in Note 12, Indebtedness, for additional information.

The following table shows a summary of the outstanding collateral and certificate balances for securitization trusts for which the Company was the transferor, including any retained beneficial interests and MSRs, that were not consolidated by the Company:
Successor
Unconsolidated Securitization TrustsDecember 31, 2020December 31, 2019
Total collateral balances - UPB$1,326 $1,503 
Total certificate balances$1,329 $1,512 
A summary of mortgage loans transferred by the Company to unconsolidated securitization trusts that are 60 days or more past due are presented below:
Successor
Principal Amount of Transferred Loans 60 Days or More Past DueDecember 31, 2020December 31, 2019
Unconsolidated securitization trusts$154 $193