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v3.22.1

Indebtedness (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
|  |  |  |  |  |  |  |  |  | March 31, 2022 |  | December 31, 2021
|  |  |  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral Pledged
Advance Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$400 advance facility(1) |  |  |  | August 2023 |  | Servicing advance receivables |  | $ | 400 |  |  | $ | 219 |  |  | $ | 312 |  |  | $ | 234 |  |  | $ | 318 |
$350 advance facility |  |  |  | October 2022 |  | Servicing advance receivables |  | 350 |  |  | 156 |  |  | 189 |  |  | 160 |  |  | 197 |
$350 advance facility |  |  |  | January 2023 |  | Servicing advance receivables |  | 350 |  |  | 158 |  |  | 186 |  |  | 162 |  |  | 190 |
$75 advance facility |  |  |  | December 2022 |  | Servicing advance receivables |  | 75 |  |  | 53 |  |  | 79 |  |  | 58 |  |  | 89 |
Advance facilities principal amount |  |  |  |  |  | 586 |  |  | 766 |  |  | 614 |  |  | 794 |
Warehouse Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$4,000 warehouse facility |  |  |  | February 2023 |  | Mortgage loans or MBS |  | 4,000 |  |  | 987 |  |  | 1,118 |  |  | 1,224 |  |  | 1,341 |
$2,500 warehouse facility |  |  |  | October 2022 |  | Mortgage loans or MBS |  | 2,500 |  |  | 746 |  |  | 772 |  |  | 991 |  |  | 1,024 |
$1,600 warehouse facility(2) |  |  |  | September 2023 |  | Mortgage loans or MBS |  | 1,600 |  |  | 148 |  |  | 161 |  |  | 409 |  |  | 425 |
$1,500 warehouse facility |  |  |  | June 2022 |  | Mortgage loans or MBS |  | 1,500 |  |  | 349 |  |  | 352 |  |  | 356 |  |  | 345 |
$750 warehouse facility |  |  |  | October 2022 |  | Mortgage loans or MBS |  | 750 |  |  | 256 |  |  | 272 |  |  | 256 |  |  | 270 |
$550 warehouse facility |  |  |  | August 2022 |  | Mortgage loans or MBS |  | 550 |  |  | 48 |  |  | 49 |  |  | 87 |  |  | 89 |
$500 warehouse facility |  |  |  | June 2023 |  | Mortgage loans or MBS |  | 500 |  |  | 216 |  |  | 224 |  |  | 188 |  |  | 194 |
$500 warehouse facility |  |  |  | September 2022 |  | Mortgage loans or MBS |  | 500 |  |  | 284 |  |  | 293 |  |  | 419 |  |  | 430 |
$500 warehouse facility |  |  |  | June 2022 |  | Mortgage loans or MBS |  | 500 |  |  | 137 |  |  | 163 |  |  | 39 |  |  | 39 |
$500 warehouse facility |  |  |  | August 2023 |  | Mortgage loans or MBS |  | 500 |  |  | 178 |  |  | 184 |  |  | 38 |  |  | 39 |
$325 warehouse facility |  |  |  | December 2022 |  | Mortgage loans or MBS |  | 325 |  |  | 38 |  |  | 38 |  |  | 67 |  |  | 67 |
$250 warehouse facility(3) |  |  |  | May 2022 |  | Mortgage loans or MBS |  | 250 |  |  | 1 |  |  | 2 |  |  | 5 |  |  | 6 |
$200 warehouse facility |  |  |  | June 2022 |  | Mortgage loans or MBS |  | 200 |  |  | 31 |  |  | 39 |  |  | 46 |  |  | 58 |
$30 warehouse facility(4) |  |  |  | January 2022 |  | Mortgage loans or MBS |  | 30 |  |  | — |  |  | — |  |  | — |  |  | — |
Warehouse facilities principal amount |  | 3,419 |  |  | 3,667 |  |  | 4,125 |  |  | 4,327 |
MSR Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$800 warehouse facility(1)(5) |  |  |  | August 2023 |  | MSR |  | 800 |  | 260 |  | 1,345 |  |  | 260 |  | 1,107 |
$400 warehouse facility |  |  |  | August 2022 |  | MSR |  | 400 |  | 300 |  | 1,246 |  | — |  | 838
$400 warehouse facility(2) |  |  |  | September 2023 |  | MSR |  | 400 |  | 215 |  | 1,114 |  | — |  | 745
$50 warehouse facility |  |  |  | November 2023 |  | MSR |  | 50 |  | 25 |  | 84 |  | 10 |  | 124
MSR facilities principal amount |  | 800 |  | 3,789 |  | 270 |  | 2,814
Advance, warehouse and MSR facilities principal amount |  | 4,805 |  |  | $ | 8,222 |  | 5,009 |  |  | $ | 7,935 |
Unamortized debt issuance costs |  | (10) |  |  |  | (12) |  |  |
Advance and warehouse facilities, net |  | $ | 4,795 |  |  |  | $ | 4,997 |  |
(1)Total capacity for this facility is $1,200, of which $400 is internally allocated for advance financing and $800 is internally allocated for MSR financing; capacity is fully fungible and is not restricted by these allocations, in comparison to $1,200, $940, and $260 respectively in 2021. (2)The capacity amount for this facility is $2,000, of which $400 is a sublimit for MSR financing. (3)The capacity amount for this warehouse facility decreased from $600 to $250 in 2022. (4)This facility was terminated in January 2022. (5)The capacity amount for this warehouse facility increased from $260 to $800 in 2022. The weighted average interest rate for advance facilities was 2.4% and 3.0% for three months ended March 31, 2022 and 2021, respectively. The weighted average interest rate for warehouse and MSR facilities was 2.1% and 2.2% for three months ended March 31, 2022 and 2021, respectively.
Schedule of unsecured senior notes | Unsecured senior notes consist of the following:
Unsecured Senior Notes | March 31, 2022 |  | December 31, 2021
$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 |  |  | 600 |
Unsecured senior notes principal amount | 2,700 |  |  | 2,700 |
Unamortized debt issuance costs | (30) |  |  | (30) |
Unsecured senior notes, net | $ | 2,670 |  |  | $ | 2,670 |
Schedule of maturities of long-term debt | As of March 31, 2022, 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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