XML 51 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Indebtedness (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of notes payable | Notes Payable
|  |  |  |  |  |  |  |  |  | June 30, 2020 |  |  |  | December 31, 2019 |  |
Advance Facilities |  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral pledged
$875 advance facility(1) |  | CP+2.5% to 6.5% |  | April 2021 |  | Servicing advance receivables |  | $ | 875 |  |  | $ | 193 |  |  | $ | 220 |  |  | $ | 37 |  |  | $ | 88 |
$425 advance facility(2) |  | LIBOR+2.8% to 6.5% |  | October 2021 |  | Servicing advance receivables |  | 425 |  |  | 211 |  |  | 273 |  |  | 224 |  |  | 285 |
$250 advance facility(3) |  | LIBOR+1.5% to 2.6% |  | December 2020 |  | Servicing advance receivables |  | 250 |  |  | — |  |  | — |  |  | 98 |  |  | 167 |
$200 advance facility |  | LIBOR+2.5% |  | January 2021 |  | Servicing advance receivables |  | 200 |  |  | 76 |  |  | 106 |  |  | 63 |  |  | 125 |
Advance facilities principal amount |  |  |  |  |  |  |  |  |  | 480 |  |  | $ | 599 |  |  | 422 |  |  | $ | 665 |
Unamortized debt issuance costs |  |  |  |  |  |  |  |  |  | (5) |  |  |  |  | — |  |  |
Advance facilities, net |  |  |  |  |  |  |  |  |  | $ | 475 |  |  |  |  | $ | 422 |  |  |
(1)The capacity amount for this advance facility increased from $125 to $875 in April 2020. (2)The capacity amount for this advance facility increased from $325 to $425 in April 2020. (3)This advance facility was terminated and transferred to another advance facility in April 2020.
|  |  |  |  |  |  |  |  |  | June 30, 2020 |  |  |  | December 31, 2019 |  |
Warehouse Facilities |  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral pledged |  | Outstanding |  | Collateral pledged
$1,500 warehouse facility |  | LIBOR+1.7% |  | June 2021 |  | Mortgage loans or MBS |  | $ | 1,500 |  |  | $ | 669 |  |  | $ | 637 |  |  | $ | 759 |  |  | $ | 733 |
$1,200 warehouse facility |  | LIBOR+1.5% to 3.0% |  | November 2020 |  | Mortgage loans or MBS |  | 1,200 |  |  | 568 |  |  | 606 |  |  | 683 |  |  | 724 |
$800 warehouse facility(1) |  | LIBOR+2.1% to 3.8% |  | April 2021 |  | Mortgage loans or MBS |  | 800 |  |  | 642 |  |  | 700 |  |  | 589 |  |  | 656 |
$750 warehouse facility |  | LIBOR+1.4% to 2.8% |  | September 2020 |  | Mortgage loans or MBS |  | 750 |  |  | 572 |  |  | 583 |  |  | 411 |  |  | 425 |
$700 warehouse facility |  | LIBOR+1.3% to 2.2% |  | November 2020 |  | Mortgage loans or MBS |  | 700 |  |  | 624 |  |  | 644 |  |  | 469 |  |  | 488 |
$600 warehouse facility |  | LIBOR+2.2% |  | February 2021 |  | Mortgage loans or MBS |  | 600 |  |  | 233 |  |  | 278 |  |  | 174 |  |  | 202 |
$500 warehouse facility |  | LIBOR+2.5% to 4.0% |  | May 2021 |  | Mortgage loans or MBS |  | 500 |  |  | — |  |  | 1 |  |  | 336 |  |  | 349 |
$250 warehouse facility(2) |  | LIBOR+1.4% to 2.3% |  | September 2020 |  | Mortgage loans or MBS |  | 250 |  |  | — |  |  | — |  |  | 762 |  |  | 783 |
$200 warehouse facility |  | LIBOR+1.4% |  | January 2021 |  | Mortgage loans or MBS |  | 200 |  |  | 175 |  |  | 175 |  |  | 136 |  |  | 136 |
$200 warehouse facility |  | LIBOR+2.5% |  | May 2021 |  | Mortgage loans or MBS |  | 200 |  |  | 50 |  |  | 74 |  |  | 54 |  |  | 78 |
$200 warehouse facility |  | LIBOR+1.8% |  | April 2021 |  | Mortgage loans or MBS |  | 200 |  |  | 19 |  |  | 19 |  |  | 27 |  |  | 27 |
$200 warehouse facility |  | LIBOR+1.3% |  | October 2020 |  | Mortgage loans or MBS |  | 200 |  |  | — |  |  | — |  |  | — |  |  | — |
$50 warehouse facility |  | LIBOR+1.8% to 4.8% |  | April 2021 |  | Mortgage loans or MBS |  | 50 |  |  | 31 |  |  | 36 |  |  | 11 |  |  | 15 |
$40 warehouse facility |  | LIBOR+3.3% |  | September 2020 |  | Mortgage loans or MBS |  | 40 |  |  | 4 |  |  | 4 |  |  | 5 |  |  | 6 |
Warehouse facilities principal amount |  |  |  |  |  |  |  |  |  | 3,587 |  |  | 3,757 |  |  | 4,416 |  |  | 4,622 |
MSR Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$450 warehouse facility(3) |  | LIBOR+5.1% |  | May 2021 |  | MSR |  | 450 |  |  | 300 |  |  | 628 |  |  | 150 |  |  | 945 |
$400 warehouse facility |  | LIBOR+2.3% |  | December 2020 |  | MSR |  | 400 |  |  | 75 |  |  | 176 |  |  | — |  |  | 200 |
$150 warehouse facility(1) |  | LIBOR+3.8% |  | April 2021 |  | MSR |  | 150 |  |  | 40 |  |  | 117 |  |  | — |  |  | 130 |
$50 warehouse facility |  | LIBOR+2.8% |  | August 2020 |  | MSR |  | 50 |  |  | 30 |  |  | 87 |  |  | 10 |  |  | 84 |
MSR facilities principal amount |  |  |  |  |  |  |  |  |  | 445 |  |  | 1,008 |  |  | 160 |  |  | 1,359 |
Warehouse and MSR facilities principal amount |  |  |  |  |  |  |  |  |  | 4,032 |  |  | $ | 4,765 |  |  | 4,576 |  |  | $ | 5,981 |
Unamortized debt issuance costs |  |  |  |  |  |  |  |  |  | (1) |  |  |  |  | (1) |  |  |
Warehouse facilities, net |  |  |  |  |  |  |  |  |  | $ | 4,031 |  |  |  |  | $ | 4,575 |  |  |
Pledged Collateral: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans held for sale |  |  |  |  |  |  |  |  |  | $ | 2,963 |  |  | $ | 3,016 |  |  | $ | 3,826 |  |  | $ | 3,931 |
Reverse mortgage interests |  |  |  |  |  |  |  |  |  | 624 |  |  | 741 |  |  | 590 |  |  | 691 |
MSR |  |  |  |  |  |  |  |  |  | 445 |  |  | 1,008 |  |  | 160 |  |  | 1,359 |
(1)Total capacity amount for this facility is $800 of which $150 is a sublimit for MSR financing. (2)The capacity amount for this warehouse facility decreased from $1,000 to $250 in May 2020. (3)The capacity amount for this MSR facility increased from $400 to $450 in May 2020.
Schedule of unsecured senior notes | Unsecured senior notes consist of the following:
Unsecured senior notes | June 30, 2020 |  | December 31, 2019
$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, 6.000% interest rate payable semi-annually, due January 2027(1) | 600 |  |  | — |
$600 face value, 6.500% interest rate payable semi-annually, due July 2021(2) | — |  |  | 492 |
$300 face value, 6.500% interest rate payable semi-annually, due June 2022(2) | — |  |  | 206 |
Unsecured senior notes principal amount | 2,300 |  |  | 2,398 |
Unamortized debt issuance costs, premium and discount | (39) |  |  | (32) |
Unsecured senior notes, net | $ | 2,261 |  |  | $ | 2,366 |
(1)On January 16, 2020, the Company completed an offering of $600 aggregate principal amount of 6.000% Senior Notes due 2027 (the “2027 Notes”). (2)This note was redeemed in full on February 15, 2020 using the net proceeds of the 2027 Notes offering, together with cash on hand.
Schedule of maturities of long-term debt | As of June 30, 2020, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31, |  | Amount
2020 |  | $ | — |
2021 |  | — |
2022 |  | — |
2023 |  | 950 |
2024 |  | — |
Thereafter |  | 1,350 |
Total unsecured senior notes principal amount |  | $ | 2,300 |
Schedule of other nonrecourse debt | Other nonrecourse debt consists of the following:
|  |  |  |  |  |  |  |  | June 30, 2020 |  | December 31, 2019
Other nonrecourse debt | Issue Date |  | Maturity Date |  | Class of Note |  | Collateral Amount |  | Outstanding |  | Outstanding
Participating interest financing(1) | — |  | — |  | — |  | $ | — |  |  | $ | 3,875 |  |  | $ | 4,284 |
Securitization of nonperforming HECM loans |  |  |  |  |  |  |  |  |  |  |
Trust 2019-2 | November 2019 |  | November 2029 |  | A, M1, M2, M3, M4, M5 |  | 287 |  |  | 274 |  |  | 333 |
Trust 2019-1 | June 2019 |  | June 2029 |  | A, M1, M2, M3, M4, M5 |  | 264 |  |  | 244 |  |  | 302 |
Trust 2018-3 | November 2018 |  | November 2028 |  | A, M1, M2, M3, M4, M5 |  | 200 |  |  | 179 |  |  | 209 |
Trust 2018-2 | July 2018 |  | July 2028 |  | A, M1, M2, M3, M4, M5 |  | 149 |  |  | 127 |  |  | 148 |
Other nonrecourse debt principal amount |  |  |  |  |  |  |  |  | 4,699 |  |  | 5,276 |
Unamortized debt issuance costs, premium and discount |  |  |  |  |  |  |  |  | 8 |  |  | 10 |
Other nonrecourse debt, net |  |  |  |  |  |  |  |  | $ | 4,707 |  |  | $ | 5,286 |
(1)Amounts represent the Company’s participating interest in GNMA HMBS securitized portfolios.

X
- Definition Schedule Of Other Nonrecourse Debt [Table Text Block] + References No definition available. + Details
Name: | nsm_ScheduleOfOtherNonrecourseDebtTableTextBlock
Namespace Prefix: | nsm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for Schedule of Unsecured Senior Notes [Table] + References No definition available. + Details
Name: | nsm_ScheduleofUnsecuredSeniorNotesTableTextBlock
Namespace Prefix: | nsm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + 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
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration