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Indebtedness (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of unsecured senior notes
Unsecured senior notes consist of the following:
Unsecured Senior NotesMarch 31, 2025December 31, 2024
$1,000 face value, 7.125% interest rate payable semi-annually, due February 2032(1)
$1,000 $1,000 
$850 face value, 5.500% interest rate payable semi-annually, due August 2028
850 850 
$750 face value, 6.500% interest rate payable semi-annually, due August 2029(2)
750 750 
$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 
$550 face value, 5.000% interest rate payable semi-annually, due February 2026
500 500 
Unsecured senior notes principal amount4,950 4,950 
Purchase discount and unamortized debt issuance costs
(54)(59)
Unsecured senior notes, net $4,896 $4,891 

(1)In February 2024, the Company completed the offering of $1,000 unsecured senior notes due 2032 (the “2032 Notes”) and used the net proceeds from the offering to repay a portion of the amounts outstanding on its MSR facilities.
(2)In August 2024, the Company completed the offering of $750 unsecured senior notes due 2029 (the “2029 Notes”) and used the net proceeds from the offering to repay a portion of the amounts outstanding on its MSR facilities.
Schedule of maturities of long-term debt
As of March 31, 2025, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31,Amount
2025$— 
2026500 
2027600 
2028850 
2029750 
Thereafter2,250 
Total unsecured senior notes principal amount$4,950