XML 41 R16.htm IDEA: XBRL DOCUMENT
v3.20.2

Securitizations and Financings | 9 Months Ended
--- | ---
Sep. 30, 2020
Variable Interest Entities and Securitizations [Abstract] |
Securitizations and Financings | 10. Securitizations and Financings Variable Interest Entities In the normal course of business, the Company enters into various types of on- and off-balance sheet transactions with special purpose entities (“SPEs”) determined to be VIEs, which primarily consist of securitization trusts established for a limited purpose. Generally, these SPEs are formed for the purpose of securitization transactions in which the Company transfers assets to an SPE, which then issues to investors various forms of debt obligations supported by those assets. The Company has determined that the SPEs created in connection with certain advance facilities trusts should be consolidated as the Company is the primary beneficiary of each of these entities. Also, the Company consolidated certain reverse mortgage SPEs as it is the primary beneficiary of each of these entities. These SPEs include the Nationstar HECM Loan Trusts. 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:
| September 30, 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 | $ | 44 |  |  | $ | 25 |  |  | $ | 66 |  |  | $ | 42 |
Reverse mortgage interests, net(1) | — |  |  | 4,603 |  |  | — |  |  | 5,230 |
Advances and other receivables, net | 430 |  |  | — |  |  | 540 |  |  | — |
Total assets | $ | 474 |  |  | $ | 4,628 |  |  | $ | 606 |  |  | $ | 5,272 |
Liabilities |  |  |  |  |  |  |
Advance facilities(2) | $ | 347 |  |  | $ | — |  |  | $ | 359 |  |  | $ | — |
Payables and other liabilities | — |  |  | — |  |  | 1 |  |  | 1 |
Participating interest financing | — |  |  | 3,664 |  |  | — |  |  | 4,284 |
HECM Securitizations (HMBS) |  |  |  |  |  |  |
Trust 2020-1 | — |  |  | 516 |  |  | — |  |  | — |
Trust 2019-2 | — |  |  | 259 |  |  | — |  |  | 333 |
Trust 2019-1 | — |  |  | 226 |  |  | — |  |  | 302 |
Trust 2018-3 | — |  |  | — |  |  | — |  |  | 209 |
Trust 2018-2 | — |  |  | — |  |  | — |  |  | 148 |
Total liabilities | $ | 347 |  |  | $ | 4,665 |  |  | $ | 360 |  |  | $ | 5,277 |
(1)Amounts include net purchase discount of $62 a nd $46 as of September 30, 2020 and December 31, 2019, respectively. (2)Refer to advance facilities in Note 9, Indebtedness, for additional information. 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 | September 30, 2020 |  | December 31, 2019
Total collateral balances - UPB | $ | 1,378 |  |  | $ | 1,503 |
Total certificate balances | $ | 1,378 |  |  | $ | 1,512 |
The Company has not retained any variable interests in the unconsolidated securitization trusts that were outstanding as of September 30, 2020 and December 31, 2019 and therefore does not have a significant maximum exposure to loss related to these unconsolidated VIEs. 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 | September 30, 2020 |  | December 31, 2019
Unconsolidated securitization trusts | $ | 179 |  |  | $ | 193 |

X
- Definition Variable Interest Entities and Securitizations + References No definition available. + Details
Name: | nsm_VariableInterestEntitiesAndSecuritizationsAbstract
Namespace Prefix: | nsm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Variable Interest Entities and Securitizations + References No definition available. + Details
Name: | nsm_VariableInterestEntitiesAndSecuritizationsTextBlock
Namespace Prefix: | nsm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration