XML 57 R39.htm IDEA: XBRL DOCUMENT
v3.22.4

Indebtedness (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
|  |  |  |  |  |  |  | December 31, 2022 |  | December 31, 2021
|  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral Pledged
Advance Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
$350 advance facility |  | October 2024 |  | Servicing advance receivables |  | $ | 350 |  |  | $ | 150 |  |  | $ | 189 |  |  | $ | 234 |  |  | $ | 318 |
$350 advance facility(1) |  | January 2024 |  | Servicing advance receivables |  | 350 |  |  | 171 |  |  | 209 |  |  | 160 |  |  | 197 |
$350 advance facility(2) |  | November 2024 |  | Servicing advance receivables |  | 350 |  |  | 308 |  |  | 410 |  |  | 162 |  |  | 190 |
$75 advance facility |  | December 2023 |  | Servicing advance receivables |  | 75 |  |  | 40 |  |  | 45 |  |  | 58 |  |  | 89 |
Advance facilities principal amount |  |  |  |  |  | 669 |  |  | 853 |  |  | 614 |  |  | 794 |
Warehouse Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
$1,500 Warehouse Facility |  | June 2023 |  | Mortgage loans or MBS |  | 1,500 |  |  | 206 |  |  | 272 |  |  | 1,224 |  |  | 1,341 |
$1,500 Warehouse Facility |  | June 2023 |  | Mortgage loans or MBS |  | 1,500 |  |  | 135 |  |  | 133 |  |  | 356 |  |  | 345 |
$750 Warehouse Facility |  | October 2023 |  | Mortgage loans or MBS |  | 750 |  |  | 202 |  |  | 209 |  |  | 991 |  |  | 1,024 |
$750 Warehouse Facility(3) |  | October 2022 |  | Mortgage loans or MBS |  | — |  |  | — |  |  | — |  |  | 256 |  |  | 270 |
$500 Warehouse Facility(4) |  | September 2024 |  | Mortgage loans or MBS |  | 500 |  |  | 14 |  |  | 17 |  |  | 409 |  |  | 425 |
$500 Warehouse Facility |  | June 2023 |  | Mortgage loans or MBS |  | 500 |  |  | 76 |  |  | 80 |  |  | 39 |  |  | 39 |
$500 Warehouse Facility |  | August 2023 |  | Mortgage loans or MBS |  | 500 |  |  | 31 |  |  | 32 |  |  | 38 |  |  | 39 |
$450 Warehouse Facility |  | April 2023 |  | Mortgage loans or MBS |  | 450 |  |  | — |  |  | — |  |  | 87 |  |  | 89 |
$300 Warehouse Facility |  | August 2023 |  | Mortgage loans or MBS |  | 300 |  |  | 115 |  |  | 117 |  |  | 419 |  |  | 430 |
$250 Warehouse Facility |  | April 2023 |  | Mortgage loans or MBS |  | 250 |  |  | — |  |  | — |  |  | 5 |  |  | 6 |
$200 Warehouse Facility |  | April 2023 |  | Mortgage loans or MBS |  | 200 |  |  | 19 |  |  | 28 |  |  | 46 |  |  | 58 |
$200 Warehouse Facility |  | June 2023 |  | Mortgage loans or MBS |  | 200 |  |  | 18 |  |  | 21 |  |  | 188 |  |  | 194 |
$125 Warehouse Facility |  | December 2023 |  | Mortgage loans or MBS |  | 125 |  |  | 1 |  |  | 1 |  |  | 67 |  |  | 67 |
$30 Warehouse Facility(5) |  | January 2022 |  | Mortgage loans or MBS |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Warehouse facilities principal amount |  | 817 |  |  | 910 |  |  | 4,125 |  |  | 4,327 |
MSR Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
$1,050 Warehouse Facility(2) |  | November 2024 |  | MSR |  | 1,050 |  |  | 260 |  |  | 2,284 |  |  | 260 |  |  | 1,107 |
$600 Warehouse Facility |  | April 2023 |  | MSR |  | 600 |  |  | 380 |  |  | 927 |  |  | — |  |  | 838 |
$500 Warehouse Facility(4) |  | September 2024 |  | MSR |  | 500 |  |  | 380 |  |  | 1,482 |  |  | — |  |  | 745 |
$500 Warehouse Facility |  | June 2024 |  | MSR |  | 500 |  |  | 365 |  |  | 732 |  |  | — |  |  | — |
$50 Warehouse Facility |  | November 2023 |  | MSR |  | 50 |  |  | 25 |  |  | 74 |  |  | 10 |  |  | 124 |
MSR facilities principal amount |  | 1,410 |  |  | 5,499 |  |  | 270 |  |  | 2,814 |
Advance, warehouse and MSR facilities principal amount |  | 2,896 |  |  | $ | 7,262 |  |  | 5,009 |  |  | $ | 7,935 |
Unamortized debt issuance costs |  | (11) |  |  |  |  | (12) |  |  |
Total advance and warehouse facilities, net |  | $ | 2,885 |  |  |  |  | $ | 4,997 |  |  |
(1)The capacity decreased in January 2023 to $250. (2)Total capacity for this facility is $1,400, of which $350 and $1,050 are internally allocated for advance financing and MSR financing, respectively; capacity is fully fungible and is not restricted by these allocations. (3)This facility was terminated in October 2022. (4)The capacity amount for this facility is $1,000, of which $500 is a sublimit for MSR financing. (5)This facility was terminated in January 2022.
Schedule of Unsecured Senior Notes | Unsecured senior notes consist of the following:
Unsecured Senior Notes | December 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 and discount, net of premium | (27) |  |  | (30) |
Unsecured senior notes, net | $ | 2,673 |  |  | $ | 2,670 |
Schedule of Maturities of Long-term Debt | As of December 31, 2022, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31, |  | Amount
2023 through 2026 |  | $ | — |
2027 |  | 600 |
Thereafter |  | 2,100 |
Total unsecured senior notes principal amount |  | $ | 2,700 |

X
- Definition [Table Text Block] for Schedule of Unsecured Senior Notes [Table] + References No definition available. + Details
Name: | coop_ScheduleofUnsecuredSeniorNotesTableTextBlock
Namespace Prefix: | coop_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration