Indebtedness (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes Payable

						Successor
						March 31, 2019				December 31, 2018
Advance Facilities	Interest Rate	Maturity Date	Collateral	Capacity Amount		Outstanding		Collateral Pledged		Outstanding		Collateral pledged
Nationstar agency advance receivables trust	LIBOR+1.5% to 2.6%	December 2020	Servicing advance receivables	$	350	$	225	$	262	$	218	$	255
Nationstar mortgage advance receivable trust	LIBOR+1.5% to 6.5%	August 2021	Servicing advance receivables	325		195		265		209		284
MBS servicer advance facility (2014)	LIBOR+2.5%	December 2019	Servicing advance receivables	135		89		160		90		149
Nationstar agency advance financing facility	LIBOR+1.5% to 7.4%	July 2020	Servicing advance receivables	125		69		78		78		89
Advance facilities principal amount						578		$	765	595		$	777
Unamortized debt issuance costs						—				—
Advance facilities, net						$	578			$	595

						Successor
						March 31, 2019					December 31, 2018
Warehouse Facilities	Interest Rate	Maturity Date	Collateral	Capacity Amount		Outstanding			Collateral pledged		Outstanding			Collateral pledged
$1,000 warehouse facility	LIBOR+1.6% to 2.5%	September 2019	Mortgage loans or MBS	$	1,000	$	210		$	215	$	137		$	140
$950 warehouse facility	LIBOR+1.7% to 3.5%	November 2019	Mortgage loans or MBS	950		462			525		560			622
$800 warehouse facility(1)	LIBOR+1.9% to 2.9%	April 2020	Mortgage loans or MBS	800		388			491		464			514
$600 warehouse facility	LIBOR+2.3%	February 2020	Mortgage loans or MBS	600		168			188		151			168
$500 warehouse facility	LIBOR+2.0% to 2.3%	September 2020	Mortgage loans or MBS	500		427			441		290			299
$500 warehouse facility	LIBOR+1.5% to 2.8%	November 2019	Mortgage loans or MBS	500		223			250		220			248
$500 warehouse facility	LIBOR+1.5% to 3.0%	April 2020	Mortgage loans or MBS	500		218			235		187			200
$500 warehouse facility	LIBOR+1.8% to 2.8%	August 2019	Mortgage loans or MBS	500		115			118		119			122
$250 warehouse facility	LIBOR+1.9% to 2.5%	May 2019(2)	Mortgage loans or MBS	250		245			246		—			—
$200 warehouse facility	LIBOR+1.5%	October 2019	Mortgage loans or MBS	200		186			187		—			—
$200 warehouse facility	LIBOR+2.3%	January 2020	Mortgage loans or MBS	200		75			100		103			132
$200 warehouse facility	LIBOR+1.6%	April 2021	Mortgage loans or MBS	200		—			—		18			19
$165 warehouse facility	LIBOR+1.5%	August 2019	Mortgage loans or MBS	165		67			68		—			—
$50 warehouse facility	LIBOR+2.7% to 4.3%	June 2019	Mortgage loans or MBS	50		6			9		—			—
$40 warehouse facility	LIBOR+3.0%	November 2019	Mortgage loans or MBS	40		1			3		1			2
Warehouse facilities principal amount						2,791			3,076		2,250			2,466
MSR
$200 warehouse facility(1)	LIBOR+3.8%	April 2020	Mortgage loans or MBS	200		50			232		—			430
$200 warehouse facility	LIBOR+4.0%	June 2020	Mortgage loans or MBS	200		100			884		100			928
$175 warehouse facility	LIBOR+2.3%	December 2020	Mortgage loans or MBS	175		70			129		—			226
$50 warehouse facility	LIBOR+2.8%	August 2020	Mortgage loans or MBS	50		40			95		—			102
						260			1,340		100			1,686
Warehouse facilities principal amount						3,051			$	4,416	2,350			$	4,152
Unamortized debt issuance costs						(1		)			(1		)
Warehouse facilities, net						$	3,050				$	2,349
Pledged Collateral:
Mortgage loans and mortgage loans held for investment						$	2,027		$	2,177	$	1,528		$	1,628
Reverse mortgage interests						764			899		722			838
MSR						260			1,340		100			1,686

⁽¹⁾  Total capacity amount for this facility is $800 of which $200 is a sublimit for MSR financing.

⁽²⁾  This facility was terminated in April 2019.

Schedule of Unsecured Senior Notes

Unsecured senior notes consist of the following:

	Successor
	March 31, 2019			December 31, 2018
$950 face value, 8.125% interest rate payable semi-annually, due July 2023	$	950		$	950
$750 face value, 9.125% interest rate payable semi-annually, due July 2026	750			750
$600 face value, 6.500% interest rate payable semi-annually, due July 2021	592			592
$300 face value, 6.500% interest rate payable semi-annually, due June 2022	206			206
Unsecured senior notes principal amount	2,498			2,498
Unamortized debt issuance costs, net of premium, and discount	(37		)	(39		)
Unsecured senior notes, net	$	2,461		$	2,459

Schedule of Maturities of Long-term Debt

As of March 31, 2019, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:

Year Ending December 31,	Amount
2019	$	—
2020	—
2021	592
2022	206
2023	950
Thereafter	750
Total	$	2,498

Schedule of Other Nonrecourse Debt

Other nonrecourse debt consists of the following:

						Successor
						March 31, 2019		December 31, 2018
	Issue Date	Maturity Date	Class of Note	Securitized Amount		Outstanding		Outstanding
Participating interest financing(1)	—	—	—	$	—	$	5,319	$	5,607
Securitization of nonperforming HECM loans
Trust 2017-2	September 2017	September 2027	A, M1, M2	263		207		231
Trust 2018-1	March 2018	March 2028	A, M1, M2, M3, M4, M5	279		252		284
Trust 2018-2	August 2018	August 2028	A, M1, M2, M3, M4, M5	226		213		250
Trust 2018-3	November 2018	November 2028	A, M1, M2, M3, M4, M5	321		312		326
Nonrecourse debt - legacy assets	November 2009	October 2039	A	101		26		29
Other nonrecourse debt principal amount						6,329		6,727
Unamortized debt issuance costs, net of premium, and issuance discount						59		68
Other nonrecourse debt, net						$	6,388	$	6,795

⁽¹⁾  Amounts represent the Company’s participating interest in GNMA HMBS securitized portfolios.