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Indebtedness (Tables) | 6 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of advance and warehouse facilities | Advance and Warehouse Facilities
|  |  |  |  |  |  |  |  |  | June 30, 2021 |  | December 31, 2020
|  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral Pledged
Advance Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$875 advance facility |  | CP+2.0% to 6.5% |  | January 2022 |  | Servicing advance receivables |  | $ | 875 |  |  | $ | 143 |  |  | $ | 168 |  |  | $ | 168 |  |  | $ | 195 |
$640 advance facility(1) |  | LIBOR+3.9% |  | August 2022 |  | Servicing advance receivables |  | 640 |  |  | 201 |  |  | 264 |  |  | 235 |  |  | 305 |
$425 advance facility |  | LIBOR+1.7% to 6.5% |  | October 2021 |  | Servicing advance receivables |  | 425 |  |  | 167 |  |  | 219 |  |  | 192 |  |  | 246 |
$100 advance facility |  | LIBOR+2.5% |  | January 2022 |  | Servicing advance receivables |  | 100 |  |  | 66 |  |  | 69 |  |  | 74 |  |  | 98 |
Advance facilities principal amount |  |  |  |  |  | 577 |  |  | 720 |  |  | 669 |  |  | 844 |
Warehouse Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$2,500 warehouse facility(2) |  | LIBOR+1.6% to 1.9% |  | October 2021 |  | Mortgage loans or MBS |  | 2,500 |  |  | 1,374 |  |  | 1,424 |  |  | 1,003 |  |  | 1,037 |
$2,000 warehouse facility(3) |  | LIBOR+1.5% to 1.8% |  | February 2023 |  | Mortgage loans or MBS |  | 2,000 |  |  | 1,968 |  |  | 2,124 |  |  | 339 |  |  | 392 |
$1,500 warehouse facility |  | LIBOR+1.5% |  | June 2022 |  | Mortgage loans or MBS |  | 1,500 |  |  | 607 |  |  | 584 |  |  | 1,081 |  |  | 1,028 |
$1,350 warehouse facility(4)(5) |  | LIBOR+1.8% to 3.9% |  | September 2022 |  | Mortgage loans or MBS |  | 1,350 |  |  | 1,018 |  |  | 1,065 |  |  | 951 |  |  | 977 |
$1,200 warehouse facility(5) |  | LIBOR+1.8% to 3.0% |  | November 2021 |  | Mortgage loans or MBS |  | 1,200 |  |  | 293 |  |  | 303 |  |  | 586 |  |  | 607 |
$750 warehouse facility |  | LIBOR+1.8% to 2.3% |  | August 2021 |  | Mortgage loans or MBS |  | 750 |  |  | 400 |  |  | 412 |  |  | 477 |  |  | 492 |
$750 warehouse facility |  | LIBOR+1.7% to 2.8% |  | October 2021 |  | Mortgage loans or MBS |  | 750 |  |  | 303 |  |  | 313 |  |  | 562 |  |  | 574 |
$600 warehouse facility(5) |  | LIBOR+2.5% |  | February 2022 |  | Mortgage loans or MBS |  | 600 |  |  | 77 |  |  | 78 |  |  | — |  |  | — |
$500 warehouse facility |  | LIBOR+1.5% to 3.0% |  | June 2023 |  | Mortgage loans or MBS |  | 500 |  |  | — |  |  | — |  |  | — |  |  | — |
$500 warehouse facility(5) |  | LIBOR+1.5% to 4.0% |  | June 2022 |  | Mortgage loans or MBS |  | 500 |  |  | 146 |  |  | 145 |  |  | — |  |  | — |
$300 warehouse facility |  | LIBOR+1.4% |  | January 2022 |  | Mortgage loans or MBS |  | 300 |  |  | 93 |  |  | 94 |  |  | 163 |  |  | 164 |
$200 warehouse facility |  | LIBOR+1.8% |  | August 2021 |  | Mortgage loans or MBS |  | 200 |  |  | 180 |  |  | 184 |  |  | 131 |  |  | 134 |
$50 warehouse facility |  | LIBOR+1.8% to 4.8% |  | April 2022 |  | Mortgage loans or MBS |  | 50 |  |  | 11 |  |  | 15 |  |  | 37 |  |  | 42 |
$30 warehouse facility(5)(6) |  | LIBOR+3.3% |  | January 2022 |  | Mortgage loans or MBS |  | 30 |  |  | — |  |  | — |  |  | — |  |  | — |
Warehouse facilities principal amount |  | 6,470 |  |  | 6,741 |  |  | 5,330 |  |  | 5,447 |
MSR Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$260 warehouse facility(1) |  | LIBOR+3.9% |  | August 2022 |  | MSR |  | 260 |  | 260 |  | 865 |  | 260 |  | 668
$200 warehouse facility |  | LIBOR+3.5% |  | August 2021 |  | MSR |  | 200 |  | — |  | 517 |  | — |  | 247
$150 warehouse facility(4) |  | LIBOR+3.8% |  | September 2022 |  | MSR |  | 150 |  | — |  | 453 |  | — |  | 228
$50 warehouse facility |  | LIBOR+3.3% |  | November 2022 |  | MSR |  | 50 |  | 10 |  | 72 |  | 10 |  | 74
MSR facilities principal amount |  | 270 |  | 1,907 |  | 270 |  | 1,217
Advance, warehouse and MSR facilities principal amount |  | 7,317 |  |  | $ | 9,368 |  | 6,269 |  |  | $ | 7,508 |
Unamortized debt issuance costs |  |  |  |  |  |  |  | (7) |  |  |  | (11) |  |  |
Advance and warehouse facilities, net |  | $ | 7,310 |  |  |  | $ | 6,258 |  |
Pledged Collateral for warehouse and MSR facilities: |  |  |  |  |  |  |  |  |  |
Mortgage loans held for sale |  |  |  |  |  |  |  | $ | 6,470 |  |  | $ | 6,741 |  |  | $ | 5,330 |  |  | $ | 5,447 |
MSR |  |  |  |  |  |  |  | 270 |  |  | 1,907 |  |  | 270 |  |  | 1,217 |
(1)Total capacity for this facility is $900, of which $640 is internally allocated for advance financing and $260 is internally allocated for MSR financing; capacity is fully fungible and is not restricted by these allocations. (2)The capacity amount for this warehouse facility increased from $1,500 to $2,500 in 2021. (3)The capacity amount for this warehouse facility subsequently increased from $2,000 to $4,000 in July 2021. (4)Total capacity amount for this facility is $1,500, of which $150 is a sublimit for MSR financing. (5)The outstanding and collateral pledged amounts excluded balances related to reverse mortgage interests, which are included in liabilities of discontinued operations. Refer to Note 2, Discontinued Operations for further details on liabilities of discontinued operations. (6)The capacity amount for this warehouse facility decreased fr om $40 to $30 in 2021.
Schedule of unsecured senior notes | Unsecured senior notes consist of the following:
Unsecured Senior Notes | June 30, 2021 |  | December 31, 2020
$850 face value, 5.500% interest rate payable semi-annually, due August 2028 | $ | 850 |  |  | $ | 850 |
$650 face value, 5.125% interest rate payable semi-annually, due December 2030 | 650 |  |  | 650 |
$600 face value, 6.000% interest rate payable semi-annually, due January 2027 | 600 |  |  | 600 |
Unsecured senior notes principal amount | 2,100 |  |  | 2,100 |
Unamortized debt issuance costs | (25) |  |  | (26) |
Unsecured senior notes, net | $ | 2,075 |  |  | $ | 2,074 |
Schedule of maturities of long-term debt | As of June 30, 2021, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31, |  | Amount
2021 through 2025 |  | $ | — |
Thereafter |  | 2,100 |
Total unsecured senior notes principal amount |  | $ | 2,100 |

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