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Commitments (Tables) | 6 Months Ended
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Jun. 30, 2020
Other Commitments [Abstract] |
Schedule of Mortgage Servicing Rights Assets and Liabilities | The table below presents the carrying value and classification of the assets and liabilities of the PLS Notes facility:
| June 30, 2020 |  | December 31, 2019
MSRs pledged (MSRs, at fair value) | $ | 135,672 |  |  | $ | 146,215 |
Debt service account (Restricted cash) | 2,529 |  |  | 3,002 |
Outstanding borrowings (Other secured borrowings, net) | 80,138 |  |  | 94,395 |
Unamortized debt issuance costs (Other secured borrowings, net) | (1,080 | ) |  | (1,208 | )
The table below presents the carrying value and classification of the assets and liabilities of the Agency MSR financing facility:
| June 30, 2020 |  | December 31, 2019
MSRs pledged (MSRs, at fair value) | $ | 192,904 |  |  | $ | 245,533 |
Unamortized debt issuance costs (Other assets) | 2,270 |  |  | 946 |
Debt service account (Restricted cash) | 101 |  |  | 100 |
Outstanding borrowings (Other secured borrowings, net) | 105,070 |  |  | 147,706 |
As of June 30, 2020, the UPB of loans serviced on behalf of NRZ comprised the following:
Ocwen servicer of record (MSR title retained by Ocwen) - Ocwen MSR (1) | $ | 17,424,584 |
NRZ servicer of record (MSR title transferred to NRZ) - Ocwen MSR (1) | 91,419,371 |
Ocwen subservicer | 176,805 |
Total NRZ UPB at June 30, 2020 | $ | 109,020,760 |
Schedule of Effect of Pandemic | The below table shows the requests for forbearance plans and the estimated obligation to advance monthly P&I:
| As of June 30, 2020 |  | As of March 31, 2020
Number of Forbearance Plans (3) |  | Estimated Monthly P&I Advance Obligation ($ million) |  | Number of Forbearance Plans (3) |  | Estimated Monthly P&I Advance Obligation ($ million)
GSE loans | 6,600 |  |  | $ | 8.3 |  |  | 1,400 |  |  | $ | 1.8 |
Ginnie Mae loans | 9,900 |  |  | 9.2 |  |  | 400 |  |  | 0.5 |
PLS loans | 18,000 |  |  | 26.5 |  |  | 3,700 |  |  | 5.8 |
Servicer | 34,500 |  |  | $ | 44.0 |  |  | 5,500 |  |  | $ | 8.1 |
GSE loans | 10,100 |  |  | $ | 11.0 |  |  | 2,300 |  |  | $ | 2.6 |
PLS loans | 73,800 |  |  | 70.8 |  |  | 14,500 |  |  | 14.0 |
NRZ’s responsibility (1) | 83,900 |  |  | $ | 81.8 |  |  | 16,800 |  |  | $ | 16.6 |
Subservicer (2) | 7,600 |  |  | $ | 10.1 |  |  | 3,900 |  |  | $ | 4.5 |
No advance requirements | 5,400 |  |  | — |  |  | 1,300 |  |  | — |
Total | 131,400 |  |  | $ | 135.9 |  |  | 27,500 |  |  | $ | 29.2 |
(1) | Ocwen is obligated to advance under the terms of the 2017 Agreements and New RMSR Agreements, and NRZ is obligated to reimburse Ocwen daily for PLS and weekly for Freddie Mac and Fannie Mae servicing advances. See above, Note 8 — Rights to MSRs and Note 11 – Borrowings for additional information, and below description of NRZ Relationship.
(2) | Ocwen is obligated to advance under the terms of subservicing agreements, and subservicing clients (servicers) are generally obligated to reimburse Ocwen within one day to 30 days for P&I advances.
(3) Numbers have been rounded.
Schedule of Activity Related to HMBS Repurchases | Activity with regard to HMBS repurchases, including MCA repurchases, follows:
| Six Months Ended June 30, 2020
| Active |  | Inactive |  | Total
| Number |  | Amount |  | Number |  | Amount |  | Number |  | Amount
Beginning balance | 62 |  |  | $ | 10,546 |  |  | 258 |  |  | $ | 25,147 |  |  | 320 |  |  | $ | 35,693 |
Additions (1) | 111 |  |  | 27,464 |  |  | 157 |  |  | 18,780 |  |  | 268 |  |  | 46,244 |
Recoveries, net (2) | (5 | ) |  | (6,872 | ) |  | (16 | ) |  | (5,588 | ) |  | (21 | ) |  | (12,460 | )
Transfers | (2 | ) |  | (958 | ) |  | 2 |  |  | 958 |  |  | — |  |  | — |
Changes in value | — |  |  | 43 |  |  | — |  |  | (1,842 | ) |  | — |  |  | (1,799 | )
Ending balance | 166 |  |  | $ | 30,223 |  |  | 401 |  |  | $ | 37,455 |  |  | 567 |  |  | $ | 67,678 |
(1) | Total repurchases during the six months ended June 30, 2020 includes 207 loans totaling $42.3 million related to MCA repurchases.
(2) Includes amounts received upon assignment of loan to HUD, loan payoff, REO liquidation and claim proceeds less any amounts charged off as unrecoverable.

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