Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Additional Detail on Credit Facility

The following table provides additional detail on our Senior Credit Facilities as of June 30, 2020:

	Rep-Based Facility		Approval-Based Facility
	(dollars in millions)
Outstanding balance	$	—	$	30
Value of collateral pledged to credit facility	26		158
Weighted average short-term borrowing rate	N/A		1.68		%

Schedule of Minimum Maturities of Debt

The stated minimum maturities to be paid under the amortization schedule to meet the required target loan balances as of June 30, 2020 are as follows:

	Future minimum maturities
	(in millions)
July 1, 2020 to December 31, 2020	$	—
2021	7
2022	8
2023	15
Total	$	30

The stated minimum maturities of non-recourse debt as of June 30, 2020, were as follows:

	Future minimum maturities
	(in millions)
July 1, 2020 to December 31, 2020	$	17
2021	25
2022	27
2023	53
2024	34
2025	31
Thereafter	453
Total minimum maturities	$	640
Unamortized financing costs	(14)
Total non-recourse debt	$	626