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Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
December 31, 2022December 31, 2021
Maturity DateCollateralCapacity AmountOutstandingCollateral PledgedOutstandingCollateral Pledged
Advance Facilities
$350 advance facilityOctober 2024Servicing advance receivables$350 $150 $189 $234 $318 
$350 advance facility(1)
January 2024Servicing advance receivables350 171 209 160 197 
$350 advance facility(2)
November 2024Servicing advance receivables350 308 410 162 190 
$75 advance facilityDecember 2023Servicing advance receivables75 40 45 58 89 
Advance facilities principal amount 669 853 614 794 
Warehouse Facilities
$1,500 Warehouse FacilityJune 2023Mortgage loans or MBS1,500 206 272 1,224 1,341 
$1,500 Warehouse FacilityJune 2023Mortgage loans or MBS1,500 135 133 356 345 
$750 Warehouse FacilityOctober 2023Mortgage loans or MBS750 202 209 991 1,024 
$750 Warehouse Facility(3)
October 2022Mortgage loans or MBS— — — 256 270 
$500 Warehouse Facility(4)
September 2024Mortgage loans or MBS500 14 17 409 425 
$500 Warehouse FacilityJune 2023Mortgage loans or MBS500 76 80 39 39 
$500 Warehouse FacilityAugust 2023Mortgage loans or MBS500 31 32 38 39 
$450 Warehouse FacilityApril 2023Mortgage loans or MBS450 — — 87 89 
$300 Warehouse FacilityAugust 2023Mortgage loans or MBS300 115 117 419 430 
$250 Warehouse FacilityApril 2023Mortgage loans or MBS250 — — 5 6 
$200 Warehouse FacilityApril 2023Mortgage loans or MBS200 19 28 46 58 
$200 Warehouse FacilityJune 2023Mortgage loans or MBS200 18 21 188 194 
$125 Warehouse FacilityDecember 2023Mortgage loans or MBS125 1 1 67 67 
$30 Warehouse Facility(5)
January 2022Mortgage loans or MBS— — — — — 
Warehouse facilities principal amount 817 910 4,125 4,327 
MSR Facilities
$1,050 Warehouse Facility(2)
November 2024MSR1,050 260 2,284 260 1,107 
$600 Warehouse FacilityApril 2023MSR600 380 927 — 838 
$500 Warehouse Facility(4)
September 2024MSR500 380 1,482 — 745 
$500 Warehouse FacilityJune 2024MSR500 365 732 — — 
$50 Warehouse Facility November 2023MSR50 25 74 10 124 
MSR facilities principal amount 1,410 5,499 270 2,814 
Advance, warehouse and MSR facilities principal amount 2,896 $7,262 5,009 $7,935 
Unamortized debt issuance costs(11)(12)
Total advance and warehouse facilities, net$2,885 $4,997 
(1)The capacity decreased in January 2023 to $250.
(2)Total capacity for this facility is $1,400, of which $350 and $1,050 are internally allocated for advance financing and MSR financing, respectively; capacity is fully fungible and is not restricted by these allocations.
(3)This facility was terminated in October 2022.
(4)The capacity amount for this facility is $1,000, of which $500 is a sublimit for MSR financing.
(5)This facility was terminated in January 2022.
Schedule of Unsecured Senior Notes
Unsecured senior notes consist of the following:
Unsecured Senior NotesDecember 31, 2022December 31, 2021
$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 
$600 face value, 5.750% interest rate payable semi-annually, due November 2031
600 600 
Unsecured senior notes principal amount2,700 2,700 
Unamortized debt issuance costs and discount, net of premium(27)(30)
Unsecured senior notes, net $2,673 $2,670 
Schedule of Maturities of Long-term Debt
As of December 31, 2022, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31,Amount
2023 through 2026$— 
2027600 
Thereafter2,100 
Total unsecured senior notes principal amount$2,700