Securitizations and Financings (Tables)

3 Months Ended

Mar. 31, 2020

Variable Interest Entities and Securitizations [Abstract]

Schedule of Assets and Liabilities of VIEs Included in Financial Statements

A summary of the assets and liabilities of the Company’s transactions with VIEs included in the Company’s consolidated financial statements is presented below:



	March 31, 2020				December 31, 2019
Consolidated transactions with VIEs	Transfers Accounted for as Secured Borrowings		Reverse Secured Borrowings		Transfers Accounted for as Secured Borrowings		Reverse Secured Borrowings
Assets
Restricted cash	$	53	$	43	$	66	$	42
Reverse mortgage interests, net⁽¹⁾	—		4,878		—		5,230
Advances and other receivables, net	498		—		540		—
Total assets	$	551	$	4,921	$	606	$	5,272

Liabilities
Advance facilities⁽²⁾	$	407	$	—	$	359	$	—
Payables and other liabilities	—		1		1		1
Participating interest financing	—		4,045		—		4,284
HECM Securitizations (HMBS)
Trust 2019-2	—		297		—		333
Trust 2019-1	—		269		—		302
Trust 2018-3	—		190		—		209
Trust 2018-2	—		137		—		148
Total liabilities	$	407	$	4,939	$	360	$	5,277


⁽¹⁾	Amounts include net purchase discount of $60 and $46 as of March 31, 2020 and December 31, 2019, respectively.


⁽²⁾	Amounts include the Nationstar agency advance financing facility and notes payable recorded by the Nationstar Mortgage Advance Receivable Trust, and the Nationstar Agency Advance Receivables Trust. Refer to Notes Payable in Note 10, Indebtedness, for additional information.

A summary of mortgage loans transferred by the Company to unconsolidated securitization trusts that are 60 days or more past due are presented below:



Principal Amount of Transferred Loans 60 Days or More Past Due	March 31, 2020		December 31, 2019
Unconsolidated securitization trusts	$	184	$	193

The following table shows a summary of the outstanding collateral and certificate balances for securitization trusts for which the Company was the transferor, including any retained beneficial interests and MSRs, that were not consolidated by the Company:



Unconsolidated securitization trusts	March 31, 2020		December 31, 2019
Total collateral balances - UPB	$	1,460	$	1,503
Total certificate balances	$	1,467	$	1,512