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Indebtedness
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Indebtedness
9. Indebtedness

Advance and Warehouse Facilities
June 30, 2021December 31, 2020
Interest RateMaturity DateCollateralCapacity AmountOutstandingCollateral PledgedOutstandingCollateral Pledged
Advance Facilities
$875 advance facility
CP+2.0% to 6.5%
January 2022Servicing advance receivables$875 $143 $168 $168 $195 
$640 advance facility(1)
LIBOR+3.9%
August 2022Servicing advance receivables640 201 264 235 305 
$425 advance facility
LIBOR+1.7% to 6.5%
October 2021Servicing advance receivables425 167 219 192 246 
$100 advance facility
LIBOR+2.5%
January 2022Servicing advance receivables100 66 69 74 98 
Advance facilities principal amount 577 720 669 844 
Warehouse Facilities
$2,500 warehouse facility(2)
LIBOR+1.6% to 1.9%
October 2021Mortgage loans or MBS2,500 1,374 1,424 1,003 1,037 
$2,000 warehouse facility(3)
LIBOR+1.5% to 1.8%
February 2023Mortgage loans or MBS2,000 1,968 2,124 339 392 
$1,500 warehouse facility
LIBOR+1.5%
June 2022Mortgage loans or MBS1,500 607 584 1,081 1,028 
$1,350 warehouse facility(4)(5)
LIBOR+1.8% to 3.9%
September 2022Mortgage loans or MBS1,350 1,018 1,065 951 977 
$1,200 warehouse facility(5)
LIBOR+1.8% to 3.0%
November 2021Mortgage loans or MBS1,200 293 303 586 607 
$750 warehouse facility
LIBOR+1.8% to 2.3%
August 2021Mortgage loans or MBS750 400 412 477 492 
$750 warehouse facility
LIBOR+1.7% to 2.8%
October 2021Mortgage loans or MBS750 303 313 562 574 
$600 warehouse facility(5)
LIBOR+2.5%
February 2022Mortgage loans or MBS600 77 78 — — 
$500 warehouse facility
LIBOR+1.5% to 3.0%
June 2023Mortgage loans or MBS500 — — — — 
$500 warehouse facility(5)
LIBOR+1.5% to 4.0%
June 2022Mortgage loans or MBS500 146 145 — — 
$300 warehouse facility
LIBOR+1.4%
January 2022Mortgage loans or MBS300 93 94 163 164 
$200 warehouse facility
LIBOR+1.8%
August 2021Mortgage loans or MBS200 180 184 131 134 
$50 warehouse facility
LIBOR+1.8% to 4.8%
April 2022Mortgage loans or MBS50 11 15 37 42 
$30 warehouse facility(5)(6)
LIBOR+3.3%
January 2022Mortgage loans or MBS30 — — — — 
Warehouse facilities principal amount 6,470 6,741 5,330 5,447 
MSR Facilities
$260 warehouse facility(1)
LIBOR+3.9%
August 2022MSR260260865260668
$200 warehouse facility
LIBOR+3.5%
August 2021MSR200—517—247
$150 warehouse facility(4)
LIBOR+3.8%
September 2022MSR150—453—228
$50 warehouse facility
LIBOR+3.3%
November 2022MSR5010721074
MSR facilities principal amount 2701,9072701,217
Advance, warehouse and MSR facilities principal amount 7,317 $9,3686,269 $7,508 
Unamortized debt issuance costs(7)(11)
Advance and warehouse facilities, net$7,310$6,258
Pledged Collateral for warehouse and MSR facilities:
Mortgage loans held for sale$6,470 $6,741 $5,330 $5,447 
MSR 270 1,907 270 1,217 
(1)Total capacity for this facility is $900, of which $640 is internally allocated for advance financing and $260 is internally allocated for MSR financing; capacity is fully fungible and is not restricted by these allocations.
(2)The capacity amount for this warehouse facility increased from $1,500 to $2,500 in 2021.
(3)The capacity amount for this warehouse facility subsequently increased from $2,000 to $4,000 in July 2021.
(4)Total capacity amount for this facility is $1,500, of which $150 is a sublimit for MSR financing.
(5)The outstanding and collateral pledged amounts excluded balances related to reverse mortgage interests, which are included in liabilities of discontinued operations. Refer to Note 2, Discontinued Operations for further details on liabilities of discontinued operations.
(6)The capacity amount for this warehouse facility decreased from $40 to $30 in 2021.

Unsecured Senior Notes
Unsecured senior notes consist of the following:
Unsecured Senior NotesJune 30, 2021December 31, 2020
$850 face value, 5.500% interest rate payable semi-annually, due August 2028
$850 $850 
$650 face value, 5.125% interest rate payable semi-annually, due December 2030
650 650 
$600 face value, 6.000% interest rate payable semi-annually, due January 2027
600 600 
Unsecured senior notes principal amount2,100 2,100 
Unamortized debt issuance costs(25)(26)
Unsecured senior notes, net $2,075 $2,074 

The indentures provide that on or before certain fixed dates, the Company may redeem up to 40% of the aggregate principal amount of the unsecured senior notes with the net proceeds of certain equity offerings at fixed redemption prices, plus accrued and unpaid interest, to the redemption dates, subject to compliance with certain conditions. In addition, the Company may redeem all or a portion of the unsecured senior notes at any time on or after certain fixed dates at the applicable redemption prices set forth in the indentures plus accrued and unpaid interest, to the redemption dates. No notes were repurchased or redeemed during the six months ended June 30, 2021 and three months ended June 30, 2020. During the six months ended June 30, 2020, the Company repaid $100 in principal of outstanding notes, and redeemed $598 in principal of outstanding notes, resulting in a gain of $1.

As of June 30, 2021, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31,Amount
2021 through 2025$— 
Thereafter2,100 
Total unsecured senior notes principal amount$2,100 

Financial Covenants
The Company’s credit facilities contain various financial covenants which primarily relate to required tangible net worth amounts, liquidity reserves, leverage requirements, and profitability requirements, which are measured at the Company’s operating subsidiary, Nationstar Mortgage LLC. The Company was in compliance with its required financial covenants as of June 30, 2021.