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Reverse Mortgage Interests (Tables) | 3 Months Ended
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Mar. 31, 2021
Reverse Mortgage Interests [Abstract] |
Schedule of reverse mortgage interest | Reverse mortgage interests, net, consists of the following:
Reverse Mortgage Interests, Net | March 31, 2021 |  | December 31, 2020
Participating interests in HECM mortgage-backed securities (“HMBS”) | $ | 3,304 |  |  | $ | 3,471 |
Unsecuritized interests | 972 |  |  | 964 |
Other interests securitized | 908 |  |  | 945 |
Purchase discount, net | (93) |  |  | (127) |
Total reverse mortgage interests, net | $ | 5,091 |  |  | $ | 5,253 |
Unsecuritized interests in reverse mortgages consist of the following:
Unsecuritized Interests | March 31, 2021 |  | December 31, 2020
Repurchased HECM loans (exceeds 98% of their Max Claim Amount (“MCA”)) | $ | 699 |  |  | $ | 665 |
HECM related receivables(1) | 180 |  |  | 208 |
Funded borrower draws not yet securitized | 77 |  |  | 72 |
Real estate owned (“REO”) related receivables | 16 |  |  | 19 |
Total unsecuritized interests | $ | 972 |  |  | $ | 964 |
(1)HECM related receivables consist primarily of receivables from FNMA for corporate advances and service fees and claims receivables from the U.S. Department of Housing and Urban Development (“HUD”) on reverse mortgage interests. The following table sets forth the activities of the purchase discounts, net, for reverse mortgage interests:
| Three Months Ended March 31,
Purchase Discount, Net, for Reverse Mortgage Interests(1) | 2021 |  | 2020
Balance - beginning of period | $ | (127) |  |  | $ | (114) |
Utilization of purchase discounts(2) | 35 |  |  | 10 |
Amortization, net of accretion | (1) |  |  | (25) |
Balance - end of period | $ | (93) |  |  | $ | (129) |
(1)Net position as certain items are in a premium/(discount) position, based on the characteristics of underlying tranches of loans. (2)Utilization of purchase discounts on liquidated loans, for which the remaining receivable was written off.

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- Definition Reverse Mortgage Interest [Table Text Block] + References No definition available. + Details
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