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Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
December 31, 2023December 31, 2022
Maturity DateCollateralCapacity AmountOutstandingCollateral PledgedOutstandingCollateral Pledged
Advance Facilities
$350 advance facilityOctober 2024Servicing advance receivables$350 $132 $169 $150 $189 
$300 advance facility(1)
November 2024Servicing advance receivables300 273 364 308 410 
$250 advance facilitySeptember 2025Servicing advance receivables250 250 326 171 209 
$50 advance facilityDecember 2024Servicing advance receivables50 27 49 40 45 
Advance facilities principal amount 682 908 669 853 
Warehouse Facilities
$1,500 Warehouse FacilityJune 2024Mortgage loans or MBS1,500 107 104 206 272 
$750 Warehouse FacilityJune 2024Mortgage loans or MBS750 137 176 135 133 
$750 Warehouse FacilityOctober 2024Mortgage loans or MBS750 155 166 202 209 
$500 Warehouse FacilityJune 2024Mortgage loans or MBS500 72 78 76 80 
$350 Warehouse FacilityAugust 2024Mortgage loans or MBS350 73 75 31 32 
$300 Warehouse Facility(2)
February 2024Mortgage loans or MBS300 — — 115 117 
$250 Warehouse Facility(3)
September 2025Mortgage loans or MBS250 158 177 14 17 
$200 Warehouse FacilityDecember 2024Mortgage loans or MBS200 82 84 18 21 
$200 Warehouse FacilityJanuary 2025Mortgage loans or MBS200 12 21 — — 
$100 Warehouse FacilityApril 2024Mortgage loans or MBS100 25 33 19 28 
$100 Warehouse FacilityApril 2024Mortgage loans or MBS100 ————
$100 Warehouse FacilityDecember 2024Mortgage loans or MBS100 1111
$1 Warehouse FacilityDecember 2024Mortgage loans or MBS1 — — — — 
Warehouse facilities principal amount 822 915 817 910 
MSR Facilities
$1,500 Warehouse FacilityApril 2025MSR1,500 980 1,455 260 2,284 
$1,450 Warehouse Facility(1)
November 2024MSR1,450 300 2,164 380 927 
$750 Warehouse Facility(3)
September 2025MSR750 545 1,306 380 1,482 
$500 Warehouse FacilityJune 2025MSR500 405 655 365 732 
$500 Warehouse FacilityApril 2025MSR500 305 634 — — 
$500 Warehouse FacilityJune 2025MSR500 250 677 — — 
$50 Warehouse Facility November 2024MSR50 29 67 25 74 
MSR facilities principal amount 2,814 6,958 1,410 5,499 
Advance, warehouse and MSR facilities principal amount 4,318 $8,781 2,896 $7,262 
Unamortized debt issuance costs(16)(11)
Total advance, warehouse and MSR facilities, net$4,302 $2,885 
(1)Total capacity for this facility is $1,750, of which $300 and $1,450 are internally allocated for advance financing and MSR financing, respectively; capacity is fully fungible and is not restricted by these allocations.
(2)This facility was terminated in February 2024.
(3)The capacity amount for this facility is $1,000, of which $750 is a sublimit for MSR financing.
Schedule of Unsecured Senior Notes
Unsecured Senior Notes
Unsecured senior notes consist of the following:
Unsecured Senior NotesDecember 31, 2023December 31, 2022
$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 
$550 face value, 5.000% interest rate payable semi-annually, due January 2026(1)
500 — 
Unsecured senior notes principal amount3,200 2,700 
Purchase discount(1) and unamortized debt issuance costs
(49)(27)
Unsecured senior notes, net $3,151 $2,673 
(1)In connection with the Home Point Acquisition in 2023, the Company assumed an unsecured senior note with a principal balance of $500 and recorded a purchase discount of $32 on the acquisition date, of which $5 has been accreted in the year ended December 31, 2023. See Note 2, Acquisitions, for further details.
Schedule of Maturities of Long-term Debt
As of December 31, 2023, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31,Amount
2024 through 2025$— 
2026500 
2027600 
2028850 
Thereafter1,250 
Total unsecured senior notes principal amount$3,200