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Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
|  |  |  |  |  |  |  |  |  | December 31, 2021 |  | December 31, 2020
|  | Interest Rate |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral pledged
Advance Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$940 advance facility(1) |  | LIBOR+3.5% |  | August 2023 |  | Servicing advance receivables |  | $ | 940 |  |  | $ | 234 |  |  | $ | 318 |  |  | $ | 235 |  |  | $ | 305 |
$350 advance facility(2) |  | LIBOR+1.1% to 6.5% |  | October 2022 |  | Servicing advance receivables |  | 350 |  |  | 160 |  |  | 197 |  |  | 192 |  |  | 246 |
$350 advance facility(3) |  | CP+1.5% to 6.5% |  | January 2023 |  | Servicing advance receivables |  | 350 |  |  | 162 |  |  | 190 |  |  | 168 |  |  | 195 |
$75 advance facility(4) |  | LIBOR+2.0% |  | December 2022 |  | Servicing advance receivables |  | 75 |  |  | 58 |  |  | 89 |  |  | 74 |  |  | 98 |
Advance facilities principal amount |  |  |  |  |  | 614 |  |  | 794 |  |  | 669 |  |  | 844 |
Warehouse Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$4,000 warehouse facility(5) |  | LIBOR+1.6% to 2.2% |  | February 2023 |  | Mortgage loans or MBS |  | 4,000 |  |  | 1,224 |  |  | 1,341 |  |  | 339 |  |  | 392 |
$2,500 warehouse facility(6) |  | LIBOR+1.5% to 1.9% |  | October 2022 |  | Mortgage loans or MBS |  | 2,500 |  |  | 991 |  |  | 1,024 |  |  | 1,003 |  |  | 1,037 |
$1,600 warehouse facility(7) |  | LIBOR+1.5% to 3.0% |  | September 2023 |  | Mortgage loans or MBS |  | 1,600 |  |  | 409 |  |  | 425 |  |  | 1,067 |  |  | 1,128 |
$1,500 warehouse facility |  | LIBOR+1.5% |  | June 2022 |  | Mortgage loans or MBS |  | 1,500 |  |  | 356 |  |  | 345 |  |  | 1,081 |  |  | 1,028 |
$750 warehouse facility(8) |  | LIBOR+1.5% to 3.0% |  | October 2022 |  | Mortgage loans or MBS |  | 750 |  |  | 256 |  |  | 270 |  |  | 787 |  |  | 839 |
$600 warehouse facility |  | LIBOR+2.5% |  | March 2022 |  | Mortgage loans or MBS |  | 600 |  |  | 5 |  |  | 6 |  |  | 187 |  |  | 222 |
$550 warehouse facility(9) |  | LIBOR+1.5% |  | August 2022 |  | Mortgage loans or MBS |  | 550 |  |  | 87 |  |  | 89 |  |  | 477 |  |  | 492 |
$500 warehouse facility |  | LIBOR+1.6% to 3.0% |  | June 2023 |  | Mortgage loans or MBS |  | 500 |  |  | 188 |  |  | 194 |  |  | — |  |  | — |
$500 warehouse facility(10) |  | LIBOR+1.5% to 1.8% |  | September 2022 |  | Mortgage loans or MBS |  | 500 |  |  | 419 |  |  | 430 |  |  | 562 |  |  | 574 |
$500 warehouse facility |  | LIBOR+1.5% to 4.0% |  | June 2022 |  | Mortgage loans or MBS |  | 500 |  |  | 39 |  |  | 39 |  |  | — |  |  | — |
$500 warehouse facility |  | LIBOR+1.7% |  | August 2023 |  | Mortgage loans or MBS |  | 500 |  |  | 38 |  |  | 39 |  |  | — |  |  | — |
$325 warehouse facility |  | LIBOR+1.5% |  | December 2022 |  | Mortgage loans or MBS |  | 325 |  |  | 67 |  |  | 67 |  |  | 163 |  |  | 164 |
$200 warehouse facility(11) |  | LIBOR+1.8% |  | October 2021 |  | Mortgage loans or MBS |  | 200 |  |  | — |  |  | — |  |  | 131 |  |  | 134 |
$200 warehouse facility(12) |  | LIBOR+1.6% to 4.9% |  | April 2022 |  | Mortgage loans or MBS |  | 200 |  |  | 46 |  |  | 58 |  |  | 37 |  |  | 42 |
$30 warehouse facility(13) |  | LIBOR+3.3% |  | January 2022 |  | Mortgage loans or MBS |  | 30 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Warehouse facilities principal amount |  | 4,125 |  |  | 4,327 |  |  | 5,835 |  |  | 6,053 |
MSR Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$400 warehouse facility(14) |  | LIBOR+3.0% |  | August 2022 |  | MSR |  | 400 |  |  | — |  |  | 838 |  |  | — |  |  | 247 |
$400 warehouse facility(7) |  | LIBOR+3.0% |  | September 2023 |  | MSR |  | 400 |  |  | — |  |  | 745 |  |  | — |  |  | 228 |
$260 warehouse facility(1) |  | LIBOR+3.5% |  | August 2023 |  | MSR |  | 260 |  |  | 260 |  |  | 1,107 |  |  | 260 |  |  | 668 |
$50 warehouse facility |  | LIBOR+2.8% |  | November 2023 |  | MSR |  | 50 |  |  | 10 |  |  | 124 |  |  | 10 |  |  | 74 |
MSR facilities principal amount |  | 270 |  |  | 2,814 |  |  | 270 |  |  | 1,217 |
Advance, warehouse and MSR facilities principal amount |  | 5,009 |  |  | $ | 7,935 |  |  | 6,774 |  |  | $ | 8,114 |
Unamortized debt issuance costs |  | (12) |  |  |  |  | (11) |  |  |
Total advance and warehouse facilities, net(15) |  | $ | 4,997 |  |  |  |  | $ | 6,763 |  |  |
(1)Total capacity for this facility is $1,200, of which $940 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, in comparison to $900, $640, and $260 respectively in 2020. (2)The capacity amount for this advance facility decreased from $425 to $350 in 2021. (3)The capacity amount for this advance facility decreased from $875 to $350 in 2021. (4)The capacity amount for this advance facility decreased from $100 to $75 in 2021. (5)The capacity amount for this warehouse facility increased from $2,000 to $4,000 in 2021. (6)The capacity amount for this warehouse facility increased from $1,500 to $2,500 in 2021. (7)Total capacity amount for this facility increased from $1,500 to $2,000, and its related sublimit for MSR financing has increased from $150 to $400 in 2021. (8)The capacity amount for this warehouse facility decreased from $1,200 to $750 in 2021. (9)The capacity amount for this warehouse facility decreased from $750 to $550 in 2021. (10)The capacity amount for this warehouse facility decreased from $750 to $500 in 2021. (11)This facility was terminated in 2021. (12)The capacity amount for this warehouse facility increased from $50 to $200 in 2021. (13)This facility was subsequently terminated in 2022. (14)The capacity amount for this warehouse facility increased from $200 to $400 in 2021. (15)Total advance and warehouse facilities, net as of December 31, 2020 includes $505 of warehouse facilities related to discontinued operations included in liabilities of discontinued operations within the consolidated balance sheets.
Schedule of Unsecured Senior Notes | Unsecured senior notes consist of the following:
Unsecured Senior Notes | December 31, 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 |
$600 face value, 5.750% interest rate payable semi-annually, due November 2031 | 600 |  |  | — |
Unsecured senior notes principal amount | 2,700 |  |  | 2,100 |
Unamortized debt issuance costs and discount, net of premium | (30) |  |  | (26) |
Unsecured senior notes, net | $ | 2,670 |  |  | $ | 2,074 |
Schedule of Maturities of Long-term Debt | As of December 31, 2021, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31, |  | Amount
2022 through 2026 |  | $ | — |
Thereafter |  | 2,700 |
Total unsecured senior notes principal amount |  | $ | 2,700 |

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