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Indebtedness (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of unsecured senior notes | Unsecured senior notes consist of the following:
Unsecured Senior Notes | September 30, 2023 |  | December 31, 2022
$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 |
$550 face value, 5.000% interest rate payable semi-annually, due February 2026(1) | 500 |  |  | — |
Unsecured senior notes principal amount | 3,200 |  |  | 2,700 |
Purchase discount(1) and unamortized debt issuance costs | (53) |  |  | (27) |
Unsecured senior notes, net | $ | 3,147 |  |  | $ | 2,673 |
(1)In connection with the Home Point transaction in the third quarter of 2023, the Company assumed an unsecured senior note with a principal balance of $500 and recorded a purchase discount of $32 on the acquisition date, of which $2 has been accreted in the nine months ended September 30, 2023. See Note 2, Acquisitions, for further details.
Schedule of maturities of long-term debt | As of September 30, 2023, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31, |  | Amount
2023 through 2025 |  | $ | — |
2026 |  | 500 |
2027 |  | 600 |
Thereafter |  | 2,100 |
Total unsecured senior notes principal amount |  | $ | 3,200 |

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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