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Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Notes Payable | Notes Payable
|  |  |  |  |  |  |  |  |  | Successor
|  |  |  |  |  |  |  |  |  | September 30, 2019 |  | December 31, 2018
Advance Facilities |  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral pledged
$325 advance facility |  | LIBOR + 1.5% to 6.5% |  | August 2021 |  | Servicing advance receivables |  | $ | 325 |  |  | $ | 233 |  |  | $ | 294 |  |  | $ | 209 |  |  | $ | 284 |
$250 advance facility |  | LIBOR + 1.5% to 2.6% |  | December 2020 |  | Servicing advance receivables |  | 250 |  |  | 142 |  |  | 173 |  |  | 218 |  |  | 255 |
$200 advance facility |  | LIBOR + 2.5% |  | December 2019 |  | Servicing advance receivables |  | 200 |  |  | 64 |  |  | 125 |  |  | 90 |  |  | 149 |
$125 advance facility |  | LIBOR + 1.5% to 7.4% |  | July 2020 |  | Servicing advance receivables |  | 125 |  |  | 74 |  |  | 84 |  |  | 78 |  |  | 89 |
Advance facilities principal amount |  |  |  |  |  | 513 |  |  | $ | 676 |  |  | 595 |  |  | $ | 777 |
Unamortized debt issuance costs |  |  |  |  |  | — |  |  |  |  | — |  |  |
Advance facilities, net |  |  |  | $ | 513 |  |  |  |  | $ | 595 |  |  |
|  |  |  |  |  |  |  |  |  | Successor
|  |  |  |  |  |  |  |  |  | September 30, 2019 |  | December 31, 2018
Warehouse Facilities |  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral pledged |  | Outstanding |  | Collateral pledged
$1,500 warehouse facility |  | LIBOR + 1.0% |  | June 2020 |  | Mortgage loans or MBS |  | $ | 1,500 |  |  | $ | 970 |  |  | $ | 938 |  |  | $ | — |  |  | $ | — |
$1,200 warehouse facility |  | LIBOR + 1.7% to 3.5% |  | November 12, 2019 |  | Mortgage loans or MBS |  | 1,200 |  |  | 734 |  |  | 779 |  |  | 560 |  |  | 622 |
$1,000 warehouse facility |  | LIBOR + 1.4% to 2.3% |  | September 2020 |  | Mortgage loans or MBS |  | 1,000 |  |  | 521 |  |  | 536 |  |  | 137 |  |  | 140 |
$800 warehouse facility(1) |  | LIBOR + 1.5% to 2.9% |  | April 2020 |  | Mortgage loans or MBS |  | 800 |  |  | 586 |  |  | 643 |  |  | 464 |  |  | 514 |
$750 warehouse facility |  | LIBOR + 1.4% to 2.8% |  | September 2020 |  | Mortgage loans or MBS |  | 750 |  |  | 511 |  |  | 524 |  |  | 119 |  |  | 122 |
$600 warehouse facility |  | LIBOR + 2.3% |  | February 2020 |  | Mortgage loans or MBS |  | 600 |  |  | 214 |  |  | 251 |  |  | 151 |  |  | 168 |
$500 warehouse facility |  | LIBOR + 1.5% to 2.8% |  | November 14, 2019 |  | Mortgage loans or MBS |  | 500 |  |  | 405 |  |  | 474 |  |  | 220 |  |  | 248 |
$500 warehouse facility |  | LIBOR + 1.5% to 3.0% |  | April 2020 |  | Mortgage loans or MBS |  | 500 |  |  | 391 |  |  | 400 |  |  | 187 |  |  | 200 |
$200 warehouse facility |  | LIBOR + 1.5% |  | December 2019 |  | Mortgage loans or MBS |  | 200 |  |  | 91 |  |  | 92 |  |  | — |  |  | — |
$200 warehouse facility |  | LIBOR + 1.2% |  | April 2021 |  | Mortgage loans or MBS |  | 200 |  |  | 91 |  |  | 94 |  |  | 18 |  |  | 19 |
$200 warehouse facility |  | LIBOR + 2.0% |  | January 2020 |  | Mortgage loans or MBS |  | 200 |  |  | 67 |  |  | 94 |  |  | 103 |  |  | 132 |
$200 warehouse facility |  | LIBOR + 1.5% |  | October 2020 |  | Mortgage loans or MBS |  | 200 |  |  | 21 |  |  | 21 |  |  | — |  |  | — |
$50 warehouse facility |  | LIBOR + 2.0% to 6.0% |  | April 2020 |  | Mortgage loans or MBS |  | 50 |  |  | 13 |  |  | 16 |  |  | — |  |  | — |
$40 warehouse facility |  | LIBOR + 3.3% |  | September 2020 |  | Mortgage loans or MBS |  | 40 |  |  | 27 |  |  | 28 |  |  | — |  |  | — |
$40 warehouse facility |  | LIBOR + 3.0% |  | November 29, 2019 |  | Mortgage loans or MBS |  | 40 |  |  | 1 |  |  | 2 |  |  | 1 |  |  | 2 |
$500 warehouse facility(2) |  | LIBOR + 2.0% to 2.3% |  | September 2020 |  | Mortgage loans or MBS |  | — |  |  | — |  |  | — |  |  | 290 |  |  | 299 |
Warehouse facilities principal amount |  | 4,643 |  |  | 4,892 |  |  | 2,250 |  |  | 2,466 |
MSR Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$400 warehouse facility |  | LIBOR + 3.5% to 6.1% |  | June 2021 |  | MSR |  | 400 |  |  | 150 |  |  | 839 |  |  | 100 |  |  | 928 |
$400 warehouse facility |  | LIBOR + 2.3% |  | December 2020 |  | MSR |  | 400 |  |  | — |  |  | 193 |  |  | — |  |  | 226 |
$150 warehouse facility(1) |  | LIBOR + 2.8% |  | April 2020 |  | MSR |  | 150 |  |  | — |  |  | 121 |  |  | — |  |  | 430 |
$50 warehouse facility |  | LIBOR + 2.8% |  | August 2020 |  | MSR |  | 50 |  |  | 10 |  |  | 84 |  |  | — |  |  | 102 |
|  |  |  |  |  |  |  |  |  | 160 |  |  | 1,237 |  |  | 100 |  |  | 1,686 |
Warehouse and MSR facilities principal amount |  | 4,803 |  |  | $ | 6,129 |  |  | 2,350 |  |  | $ | 4,152 |
Unamortized debt issuance costs |  |  |  |  |  |  |  | (1 | ) |  |  |  | (1 | ) |  |
Warehouse facilities, net |  | $ | 4,802 |  |  |  |  | $ | 2,349 |  |  |
Pledged Collateral: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans and mortgage loans held for investment |  |  |  |  |  |  |  | $ | 3,980 |  |  | $ | 4,119 |  |  | $ | 1,528 |  |  | $ | 1,628 |
Reverse mortgage interests |  |  |  |  |  |  |  | 663 |  |  | 773 |  |  | 722 |  |  | 838 |
MSR |  |  |  |  |  |  |  | 160 |  |  | 1,237 |  |  | 100 |  |  | 1,686 |
(1) | Total capacity amount for this facility is $800 of which $150 is a sublimit for MSR financing.
(2) | This facility was terminated during August 2019.
Schedule of Unsecured Senior Notes | Unsecured senior notes consist of the following:
| Successor
| September 30, 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(1) | 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, premium and discount | (34 | ) |  | (39 | )
Unsecured senior notes, net | $ | 2,464 |  |  | $ | 2,459 |
(1) | This note was subsequently paid down by $100 in principal balance in October 2019.
Schedule of Maturities of Long-term Debt | As of September 30, 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(1) |  | 592 |
2022 |  | 206 |
2023 |  | 950 |
Thereafter |  | 750 |
Total unsecured senior notes principal amount |  | $ | 2,498 |
(1) | This note does not include the subsequent pay down of $100 in principal balance in October 2019.
Schedule of Other Nonrecourse Debt | Other nonrecourse debt consists of the following:
|  |  |  |  |  |  |  |  | Successor
|  |  |  |  |  |  |  |  | September 30, 2019 |  | December 31, 2018
| Issue Date |  | Maturity Date |  | Class of Note |  | Securitized Amount |  | Outstanding |  | Outstanding
Participating interest financing(1) | — |  | — |  | — |  | $ | — |  |  | $ | 4,581 |  |  | $ | 5,607 |
Securitization of nonperforming HECM loans |  |  |  |  |  |  |  |  |  |  |
Trust 2017-2(2) | September 2017 |  | September 2027 |  | A, M1, M2 |  | — |  |  | — |  |  | 231 |
Trust 2018-1 | March 2018 |  | March 2028 |  | A, M1, M2, M3, M4, M5 |  | 232 |  |  | 201 |  |  | 284 |
Trust 2018-2 | August 2018 |  | August 2028 |  | A, M1, M2, M3, M4, M5 |  | 179 |  |  | 161 |  |  | 250 |
Trust 2018-3 | November 2018 |  | November 2028 |  | A, M1, M2, M3, M4, M5 |  | 254 |  |  | 239 |  |  | 326 |
Trust 2019-1 | June 2019 |  | June 2029 |  | A, M1, M2, M3, M4, M5 |  | 347 |  |  | 339 |  |  | — |
Nonrecourse Debt - Legacy(3) | November 2009 |  | October 2039 |  | A |  | — |  |  | — |  |  | 29 |
Other nonrecourse debt principal amount |  |  |  |  |  |  |  |  | 5,521 |  |  | 6,727 |
Unamortized debt issuance costs, premium and discount |  |  |  |  |  |  |  |  | 12 |  |  | 68 |
Other nonrecourse debt, net |  |  |  |  |  |  |  |  | $ | 5,533 |  |  | $ | 6,795 |
(1) | Amounts represent the Company’s participating interest in GNMA HMBS securitized portfolios.
(2) | As discussed in Note 5, Reverse Mortgage Interests, Net, Trust 2017-2 was extinguished.
(3) | As discussed in Note 6, Mortgage Loans Held for Sale and Investment, Trust 2009-A, the Company’s legacy portfolio, was collapsed and the related debt was extinguished during September 2019.

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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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