XML 61 R41.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Indebtedness (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
|  |  |  |  |  |  |  | December 31, 2023 |  | December 31, 2022
|  | Maturity Date |  | Collateral |  | Capacity Amount |  | Outstanding |  | Collateral Pledged |  | Outstanding |  | Collateral Pledged
Advance Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
$350 advance facility |  | October 2024 |  | Servicing advance receivables |  | $ | 350 |  |  | $ | 132 |  |  | $ | 169 |  |  | $ | 150 |  |  | $ | 189 |
$300 advance facility(1) |  | November 2024 |  | Servicing advance receivables |  | 300 |  |  | 273 |  |  | 364 |  |  | 308 |  |  | 410 |
$250 advance facility |  | September 2025 |  | Servicing advance receivables |  | 250 |  |  | 250 |  |  | 326 |  |  | 171 |  |  | 209 |
$50 advance facility |  | December 2024 |  | Servicing advance receivables |  | 50 |  |  | 27 |  |  | 49 |  |  | 40 |  |  | 45 |
Advance facilities principal amount |  |  |  |  |  | 682 |  |  | 908 |  |  | 669 |  |  | 853 |
Warehouse Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
$1,500 Warehouse Facility |  | June 2024 |  | Mortgage loans or MBS |  | 1,500 |  |  | 107 |  |  | 104 |  |  | 206 |  |  | 272 |
$750 Warehouse Facility |  | June 2024 |  | Mortgage loans or MBS |  | 750 |  |  | 137 |  |  | 176 |  |  | 135 |  |  | 133 |
$750 Warehouse Facility |  | October 2024 |  | Mortgage loans or MBS |  | 750 |  |  | 155 |  |  | 166 |  |  | 202 |  |  | 209 |
$500 Warehouse Facility |  | June 2024 |  | Mortgage loans or MBS |  | 500 |  |  | 72 |  |  | 78 |  |  | 76 |  |  | 80 |
$350 Warehouse Facility |  | August 2024 |  | Mortgage loans or MBS |  | 350 |  |  | 73 |  |  | 75 |  |  | 31 |  |  | 32 |
$300 Warehouse Facility(2) |  | February 2024 |  | Mortgage loans or MBS |  | 300 |  |  | — |  |  | — |  |  | 115 |  |  | 117 |
$250 Warehouse Facility(3) |  | September 2025 |  | Mortgage loans or MBS |  | 250 |  |  | 158 |  |  | 177 |  |  | 14 |  |  | 17 |
$200 Warehouse Facility |  | December 2024 |  | Mortgage loans or MBS |  | 200 |  |  | 82 |  |  | 84 |  |  | 18 |  |  | 21 |
$200 Warehouse Facility |  | January 2025 |  | Mortgage loans or MBS |  | 200 |  |  | 12 |  |  | 21 |  |  | — |  |  | — |
$100 Warehouse Facility |  | April 2024 |  | Mortgage loans or MBS |  | 100 |  |  | 25 |  |  | 33 |  |  | 19 |  |  | 28 |
$100 Warehouse Facility |  | April 2024 |  | Mortgage loans or MBS |  | 100 |  |  | — |  | — |  | — |  | —
$100 Warehouse Facility |  | December 2024 |  | Mortgage loans or MBS |  | 100 |  |  | 1 |  | 1 |  | 1 |  | 1
$1 Warehouse Facility |  | December 2024 |  | Mortgage loans or MBS |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Warehouse facilities principal amount |  | 822 |  |  | 915 |  |  | 817 |  |  | 910 |
MSR Facilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
$1,500 Warehouse Facility |  | April 2025 |  | MSR |  | 1,500 |  |  | 980 |  |  | 1,455 |  |  | 260 |  |  | 2,284 |
$1,450 Warehouse Facility(1) |  | November 2024 |  | MSR |  | 1,450 |  |  | 300 |  |  | 2,164 |  |  | 380 |  |  | 927 |
$750 Warehouse Facility(3) |  | September 2025 |  | MSR |  | 750 |  |  | 545 |  |  | 1,306 |  |  | 380 |  |  | 1,482 |
$500 Warehouse Facility |  | June 2025 |  | MSR |  | 500 |  |  | 405 |  |  | 655 |  |  | 365 |  |  | 732 |
$500 Warehouse Facility |  | April 2025 |  | MSR |  | 500 |  |  | 305 |  |  | 634 |  |  | — |  |  | — |
$500 Warehouse Facility |  | June 2025 |  | MSR |  | 500 |  |  | 250 |  |  | 677 |  |  | — |  |  | — |
$50 Warehouse Facility |  | November 2024 |  | MSR |  | 50 |  |  | 29 |  |  | 67 |  |  | 25 |  |  | 74 |
MSR facilities principal amount |  | 2,814 |  |  | 6,958 |  |  | 1,410 |  |  | 5,499 |
Advance, warehouse and MSR facilities principal amount |  | 4,318 |  |  | $ | 8,781 |  |  | 2,896 |  |  | $ | 7,262 |
Unamortized debt issuance costs |  | (16) |  |  |  |  | (11) |  |  |
Total advance, warehouse and MSR facilities, net |  | $ | 4,302 |  |  |  |  | $ | 2,885 |  |  |
(1)Total capacity for this facility is $1,750, of which $300 and $1,450 are internally allocated for advance financing and MSR financing, respectively; capacity is fully fungible and is not restricted by these allocations. (2)This facility was terminated in February 2024. (3)The capacity amount for this facility is $1,000, of which $750 is a sublimit for MSR financing.
Schedule of Unsecured Senior Notes | Unsecured Senior Notes Unsecured senior notes consist of the following:
Unsecured Senior Notes | December 31, 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 January 2026(1) | 500 |  |  | — |
Unsecured senior notes principal amount | 3,200 |  |  | 2,700 |
Purchase discount(1) and unamortized debt issuance costs | (49) |  |  | (27) |
Unsecured senior notes, net | $ | 3,151 |  |  | $ | 2,673 |
(1)In connection with the Home Point Acquisition in 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 $5 has been accreted in the year ended December 31, 2023. See Note 2, Acquisitions, for further details.
Schedule of Maturities of Long-term Debt | As of December 31, 2023, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:
Year Ending December 31, |  | Amount
2024 through 2025 |  | $ | — |
2026 |  | 500 |
2027 |  | 600 |
2028 |  | 850 |
Thereafter |  | 1,250 |
Total unsecured senior notes principal amount |  | $ | 3,200 |

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-types1: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://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + 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 -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
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration