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Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Schedule of Notes Payable | Notes Payable
|  |  |  |  |  |  |  |  |  | Successor |  | Predecessor
|  |  |  |  |  |  |  |  |  | September 30, 2018 |  | December 31, 2017
Advance Facilities |  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral pledged
Nationstar agency advance receivables trust |  | LIBOR+1.9% to 2.6% |  | November 2019 |  | Servicing advance receivables |  | $ | 575 |  |  | $ | 232 |  |  | $ | 271 |  |  | $ | 416 |  |  | $ | 492 |
Nationstar mortgage advance receivable trust |  | LIBOR+1.5% to 6.5% |  | August 2021 |  | Servicing advance receivables |  | 325 |  |  | 264 |  |  | 333 |  |  | 230 |  |  | 287 |
Nationstar agency advance financing facility |  | LIBOR+1.9% to 7.4% |  | January 2019 |  | Servicing advance receivables |  | 150 |  |  | 67 |  |  | 78 |  |  | 102 |  |  | 117 |
MBS servicer advance facility (2014) |  | CPRATE+3.0% |  | January 2019 |  | Servicing advance receivables |  | 125 |  |  | 33 |  |  | 145 |  |  | 44 |  |  | 140 |
MBS advance financing facility |  | LIBOR + 2.5% |  | March 2019 |  | Servicing advance receivables |  | — |  |  | — |  |  | — |  |  | 63 |  |  | 64 |
Advance facilities principal amount |  |  |  |  |  | 596 |  |  | $ | 827 |  |  | 855 |  |  | $ | 1,100 |
Unamortized debt issuance costs |  |  |  |  |  | — |  |  |  |  | — |  |  |
Advance facilities, net |  |  |  | $ | 596 |  |  |  |  | $ | 855 |  |  |
|  |  |  |  |  |  |  |  |  | Successor |  | Predecessor
|  |  |  |  |  |  |  |  |  | September 30, 2018 |  | December 31, 2017
Warehouse Facilities |  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral pledged
$1,200 warehouse facility |  | LIBOR+1.9% to 3.8% |  | November 2018 |  | Mortgage loans or MBS |  | $ | 1,200 |  |  | $ | 664 |  |  | $ | 730 |  |  | $ | 889 |  |  | $ | 960 |
$1,000 warehouse facility |  | LIBOR+1.6% to 2.5% |  | September 2019 |  | Mortgage loans or MBS |  | 1,000 |  |  | 220 |  |  | 225 |  |  | 299 |  |  | 308 |
$950 warehouse facility |  | LIBOR+2.0% to 3.5% |  | November 2018 |  | Mortgage loans or MBS |  | 950 |  |  | 661 |  |  | 735 |  |  | 721 |  |  | 785 |
$600 warehouse facility |  | LIBOR+2.5% |  | February 2019 |  | Mortgage loans or MBS |  | 600 |  |  | 263 |  |  | 285 |  |  | 333 |  |  | 347 |
$500 warehouse facility |  | LIBOR+1.5% to 2.8% |  | August 2019 |  | Mortgage loans or MBS |  | 500 |  |  | 160 |  |  | 164 |  |  | 233 |  |  | 239 |
$500 warehouse facility |  | LIBOR+1.8% to 2.8% |  | November 2018 |  | Mortgage loans or MBS |  | 500 |  |  | 291 |  |  | 320 |  |  | 305 |  |  | 337 |
$500 warehouse facility |  | LIBOR+2.0% to 3.5% |  | April 2019 |  | Mortgage loans or MBS |  | 500 |  |  | 218 |  |  | 233 |  |  | 246 |  |  | 272 |
$300 warehouse facility |  | LIBOR+2.3% |  | January 2019 |  | Mortgage loans or MBS |  | 300 |  |  | 89 |  |  | 111 |  |  | 116 |  |  | 141 |
$250 Warehouse Facility |  | LIBOR+2.0% to 2.3% |  | September 2020 |  | Mortgage loans or MBS |  | 250 |  |  | 177 |  |  | 182 |  |  | — |  |  | — |
$200 warehouse facility |  | LIBOR+1.6% |  | April 2019 |  | Mortgage loans or MBS |  | 200 |  |  | 43 |  |  | 44 |  |  | 80 |  |  | 81 |
$200 warehouse facility |  | LIBOR+4.0% |  | June 2020 |  | Mortgage loans or MBS |  | 200 |  |  | 100 |  |  | 198 |  |  | 50 |  |  | 50 |
$150 warehouse facility |  | LIBOR+4.3% |  | December 2018 |  | Mortgage loans or MBS |  | 150 |  |  | — |  |  | 98 |  |  | — |  |  | — |
$50 warehouse facility |  | LIBOR+4.5% |  | August 2020 |  | Mortgage loans or MBS |  | 50 |  |  | — |  |  | 44 |  |  | 10 |  |  | 10 |
$40 warehouse facility |  | LIBOR+3.0% |  | November 2018 |  | Mortgage loans or MBS |  | 40 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 6 |
Warehouse facilities principal amount |  |  |  |  |  | 2,888 |  |  | $ | 3,372 |  |  | 3,286 |  |  | $ | 3,536 |
Unamortized debt issuance costs |  |  |  |  |  | — |  |  |  |  | (1 | ) |  |
Warehouse facilities, net |  |  |  | $ | 2,888 |  |  |  |  | $ | 3,285 |  |  |
Pledged Collateral: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  |  |  |  |  |  | $ | 1,595 |  |  | $ | 1,481 |  |  | $ | 1,852 |  |  | $ | 1,680 |
Reverse mortgage interests, net |  |  |  |  |  |  |  | 1,193 |  |  | 1,342 |  |  | 1,434 |  |  | 1,575 |
MSR and other collateral |  |  |  |  |  |  |  | 100 |  |  | 549 |  |  | — |  |  | 281 |
Schedule of Unsecured Senior Notes | Unsecured senior notes consist of the following.
| Successor |  | Predecessor
| September 30, 2018 |  | December 31, 2017
$950 face value, 8.125% interest rate payable semi-annually, due July 2023(1) | $ | 950 |  |  | $ | — |
$750 face value, 9.125% interest rate payable semi-annually, due July 2026(1) | 750 |  |  | — |
$600 face value, 6.500% interest rate payable semi-annually, due July 2021(2) | 592 |  |  | 595 |
$300 face value, 6.500% interest rate payable semi-annually, due June 2022(2) | 206 |  |  | 206 |
$475 face value, 6.500% interest rate payable semi-annually, due August 2018(3) | — |  |  | 364 |
$400 face value, 7.875% interest rate payable semi-annually, due October 2020(4) | — |  |  | 397 |
$375 face value, 9.625% interest rate payable semi-annually, due May 2019(4) | — |  |  | 323 |
Unsecured senior notes principal amount | 2,498 |  |  | 1,885 |
Unamortized debt issuance costs, net of premium, and discount | (41 | ) |  | (11 | )
Unsecured senior notes, net | $ | 2,457 |  |  | $ | 1,874 |
(1) On July 13, 2018, Merger Sub issued $950 aggregate principal amount of the 8.125% Notes due 2023 and $750 aggregate principal amount of the 9.125% Notes due 2026. The proceeds from the New Notes were used, together with the proceeds from the issuance of WMIH’s common stock and WMIH’s cash and restricted cash on hand, to consummate the Merger with Nationstar and the refinancing of certain Nationstar’s existing debt and to pay related fees and expenses. At the consummation of the acquisition, Merger Sub merged with and into Nationstar with Nationstar assuming the obligations under the New Notes. (2) In June 2018, the Predecessor entered into a supplemental indenture to, among other things, modify the definition of “Change of Control” to provide that the Merger will not constitute a change of control which would otherwise trigger redemption obligations. (3) The note of the Predecessor was paid off in August 2018. (4) The notes of the Predecessor were redeemed in August 2018.
Schedule of Maturities of Long-term Debt | As of September 30, 2018, the expected maturities of the Company's unsecured senior notes based on contractual maturities are as follows.
Year Ending December 31, |  | Amount
2018 |  | $ | — |
2019 |  | — |
2020 |  | — |
2021 |  | 592 |
2022 |  | 206 |
Thereafter |  | 1,700 |
Total |  | $ | 2,498 |
Schedule of Other Nonrecourse Debt | Other nonrecourse debt consists of the following.
|  |  |  |  |  |  |  |  | Successor |  | Predecessor
|  |  |  |  |  |  |  |  | September 30, 2018 |  | December 31, 2017
| Issue Date |  | Maturity Date |  | Class of Note |  | Securitized Amount |  | Outstanding |  | Outstanding
Participating interest financing(1) | — |  | — |  | — |  | $ | — |  |  | $ | 6,021 |  |  | $ | 7,111 |
Securitization of nonperforming HECM loans |  |  |  |  |  |  |  |  |  |  |
Trust 2016-2 | June 2016 |  | June 2026 |  | A, M1, M2 |  | — |  |  | — |  |  | 94 |
Trust 2016-3 | August 2016 |  | August 2026 |  | A, M1, M2 |  | — |  |  | — |  |  | 138 |
Trust 2017-1 | May 2017 |  | May 2027 |  | A, M1, M2 |  | 193 |  |  | 151 |  |  | 213 |
Trust 2017-2 | September 2017 |  | September 2027 |  | A, M1, M2 |  | 308 |  |  | 258 |  |  | 365 |
Trust 2018-1 | March 2018 |  | March 2028 |  | A, M1, M2, M3, M4, M5 |  | 348 |  |  | 329 |  |  | — |
Trust 2018-2 | August 2018 |  | August 2028 |  | A, M1, M2, M3, M4, M5 |  | 298 |  |  | 292 |  |  | — |
Nonrecourse debt - legacy assets | November 2009 |  | October 2039 |  | A |  | 112 |  |  | 32 |  |  | 42 |
Other nonrecourse debt principal amount |  |  |  |  |  |  |  |  | 7,083 |  |  | 7,963 |
Unamortized debt issuance costs, net of premium, and issuance discount(2) |  |  |  |  |  |  |  |  | 82 |  |  | 51 |
Other nonrecourse debt, net |  |  |  |  |  |  |  |  | $ | 7,165 |  |  | $ | 8,014 |
(1) Amounts represent the Company's participating interest in GNMA HMBS securitized portfolios. (2) The Predecessor amount includes a premium of $62 as of December 31, 2017.

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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