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Commitments (Tables) | 9 Months Ended
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Sep. 30, 2020
Other Commitments [Abstract] |
Schedule of Mortgage Servicing Rights Assets and Liabilities | As of September 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) (2) | $ | 15,060,347 |
NRZ servicer of record (MSR title transferred to NRZ) - Ocwen MSR (1) | 51,722,004 |
NRZ PMC Subservicing Agreement subject to termination (3) | 16,007,995 |
Ocwen subservicer | 2,802,967 |
Total NRZ UPB at September 30, 2020 | $ | 85,593,313 |
(1)The MSR sale transactions did not achieve sale accounting treatment. (2)NRZ’s associated outstanding servicing advances were approximately $584.6 million as of September 30, 2020. (3)On October 1, 2020, these loans were transferred out in connection with the termination of the PMC servicing agreement by NRZ. See Note 9 — Rights to MSRs.
Schedule of Effect of Pandemic | The below table shows the loans under forbearance and the associated P&I advances:
| As of September 30, 2020 |  | As of June 30, 2020
Number of Forbearance Plans (3) |  | Estimated Monthly P&I Advance Obligation ($ million) |  | Number of Forbearance Plans (3) |  |  |  | Estimated Monthly P&I Advance Obligation ($ million)
GSE loans | 5,300 |  |  | $ | 6.5 |  |  | 6,600 |  |  |  |  | $ | 8.3 |
Ginnie Mae loans | 10,100 |  |  | 9.2 |  |  | 9,900 |  |  |  |  | 9.2
PLS loans | 14,500 |  |  | 21.0 |  |  | 18,000 |  |  |  |  | 26.5
Servicer | 29,900 |  |  | $ | 36.7 |  |  | 34,500 |  |  |  |  | $ | 44.0 |
GSE loans | 900 |  |  | $ | 0.9 |  |  | 10,100 |  |  |  |  | $ | 11.0 |
PLS loans | 64,100 |  |  | 60.0 |  |  | 73,800 |  |  |  |  | 70.8
NRZ’s responsibility (1) | 65,000 |  |  | $ | 60.9 |  |  | 83,900 |  |  |  |  | $ | 81.8 |
Subservicer (2) | 8,000 |  |  | $ | 9.8 |  |  | 7,600 |  |  |  |  | $ | 10.1 |
No advance requirements | 3,400 |  |  | — |  |  | 5,400 |  |  |  |  | — |
Total | 106,300 |  |  | $ | 107.4 |  |  | 131,400 |  |  |  |  | $ | 135.9 |
(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 9 — Rights to MSRs 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:
| Nine Months Ended September 30, 2020
| Active |  | Inactive |  | Total
| Number |  | Amount |  | Number |  | Amount |  | Number |  | Amount
Beginning balance | 62 |  |  | $ | 10,546 |  |  | 258 |  |  | $ | 25,147 |  |  | 320 |  |  | $ | 35,693 |
Additions (1) | 159 |  |  | 40,875 |  |  | 219 |  |  | 32,789 |  |  | 378 |  |  | 73,664 |
Recoveries, net (2) | (7) |  |  | (9,492) |  |  | (26) |  |  | (8,480) |  |  | (33) |  |  | (17,972) |
Transfers | (10) |  |  | (2,933) |  |  | 10 |  |  | 2,933 |  |  | — |  |  | — |
Changes in value | — |  |  | 43 |  |  | — |  |  | (2,576) |  |  | — |  |  | (2,533) |
Ending balance | 204 |  |  | $ | 39,039 |  |  | 461 |  |  | $ | 49,813 |  |  | 665 |  |  | $ | 88,852 |
(1)Total repurchases during the nine months ended September 30, 2020 includes 308 loans totaling $66.9 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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