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Securitizations and Variable Interest Entities (Tables) | 6 Months Ended
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Jun. 30, 2020
Servicing Assets at Fair Value [Line Items] |
Schedule of Cash Flows Related to Transfers Accounted for as Sales | The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers of loans accounted for as sales that were outstanding:
| Three Months Ended June 30, |  | Six Months Ended June 30,
2020 |  | 2019 |  | 2020 |  | 2019
Proceeds received from securitizations | $ | 1,071,252 |  |  | $ | 195,973 |  |  | $ | 1,891,253 |  |  | $ | 438,933 |
Servicing fees collected (1) | 10,391 |  |  | 12,826 |  |  | 22,643 |  |  | 28,744 |
Purchases of previously transferred assets, net of claims reimbursed | (1,669 | ) |  | (143 | ) |  | (4,277 | ) |  | (1,047 | )
| $ | 1,079,974 |  |  | $ | 208,656 |  |  | $ | 1,909,619 |  |  | $ | 466,630 |
(1) We receive servicing fees based upon the securitized loan balances and certain ancillary fees, all of which are reported in Servicing and subservicing fees in the unaudited consolidated statements of operations.
Schedule of Assets That Relate to Continuing Involvement with Transferred Financial Assets with Servicing Rights and Maximum Exposure to Loss Including the Unpaid Principal Balance | The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as an estimate of our maximum exposure to loss including the UPB of the transferred loans:
| June 30, 2020 |  | December 31, 2019
Carrying value of assets |  |  |
MSRs, at fair value | $ | 104,967 |  |  | $ | 109,581 |
Advances | 167,262 |  |  | 141,829 |
UPB of loans transferred | 17,531,932 |  |  | 14,490,984 |
Maximum exposure to loss | $ | 17,804,161 |  |  | $ | 14,742,394 |
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 Carrying Value of Assets and Liabilities of Consolidated Mortgage-backed Securitization Trusts | The table below presents the carrying value and classification of the assets and liabilities of consolidated mortgage-backed securitization trusts included in our unaudited consolidated balance sheets as a result of residual securities we acquired which were issued by the trusts.
| June 30, 2020 |  | December 31, 2019
Loans held for investment, at fair value - Restricted for securitization investors | $ | 11,664 |  |  | $ | 23,342 |
Financing liability - Owed to securitization investors, at fair value | 11,664 |  |  | 22,002 |

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