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Borrowings | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Borrowings |
Note 12 – Borrowings
Advance Match Funded Liabilities |  |  |  |  |  |  |  | Borrowing Capacity |  | Outstanding Balance
Borrowing Type |  |  |  |  |  | Expected Repayment Date (1) |  | Total |  | Available (2) |  | Sept. 30, 2023 |  | Dec. 31, 2022
Ocwen Master Advance Receivables Trust (OMART) - Advance Receivables Backed Notes - Series 2015-Variable Funding (VF) 5 (3) |  |  |  |  |  | Aug. 2025 |  | $ | 500.0 |  |  | $ | 134.9 |  |  | $ | 365.1 |  |  | $ | 422.5 |
Ocwen GSE Advance Funding (OGAF) - Advance Receivables Backed Notes, Series 2015-VF1 (4) |  |  |  |  |  | Aug. 2025 |  | 200.0 |  |  | 163.0 |  |  | 37.0 |  |  | 90.0 |
EBO Advance facility (5) |  |  |  |  |  | May 2026 |  | 14.4 |  |  | 13.5 |  |  | 0.9 |  |  | 1.2 |
|  |  |  |  |  |  |  | $ | 714.4 |  |  | $ | 311.4 |  |  | $ | 403.0 |  |  | $ | 513.7 |
Weighted average interest rate (6) |  |  |  |  |  |  |  | 7.99 | % |  | 7.09 | %
(1)The OMART and OGAF facilities were amended in August 2023. The Expected Repayment Date of our facilities, as defined, is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance is required if the note is not renewed or extended. In certain of our advance facilities, there are multiple notes outstanding. (2)The committed borrowing capacity under the OMART and OGAF facilities is available to us provided that we have sufficient eligible collateral to pledge. At September 30, 2023, none of the available borrowing capacity of the OMART and OGAF advance financing notes could be used based on the amount of eligible collateral. (3)In August 2023, the Expected Repayment Date was extended to August 13, 2025 and the borrowing capacity was increased from $450.0 million to $500.0 million. (4)In August 2023, the Expected Repayment Date was changed to August 22, 2025 and the borrowing capacity was increased from $90.0 million to $200.0 million. (5)At September 30, 2023, none of the available borrowing capacity of the facility could be used based on the amount of eligible collateral. (6)The weighted average interest rate, excluding the effect of the amortization of prepaid lender fees. At September 30, 2023 and December 31, 2022, the balance of unamortized prepaid lender fees was $6.3 million and $2.3 million, respectively, and are included in Other assets in our consolidated balance sheets.
Mortgage Loan Financing Facilities, net |  |  |  |  | Available Borrowing Capacity |  | Outstanding Balance
Borrowing Type |  | Collateral |  | Maturity |  |  |  | Un-committed |  | Committed (1) |  | September 30, 2023 |  | December 31, 2022
$175 million Master repurchase agreement (2) |  | Loans held for sale (LHFS), Receivables and REO |  | October 2024 |  |  |  | $ | 125.0 |  |  | $ | 39.6 |  |  | $ | 10.4 |  |  | $ | 142.2 |
Master repurchase agreement (3) |  | LHFS and Loans Held for Investment (LHFI) |  | N/A |  |  |  | — |  |  | — |  |  | — |  |  | 100.3 |
$50 million Mortgage warehouse agreement (4) |  | LHFS |  | N/A |  |  |  | 50.0 |  |  | — |  |  | — |  |  | — |
$650 million Participation agreement (5) |  | LHFS |  | September 2024 |  |  |  | 476.7 |  |  | — |  |  | 173.3 |  |  | 64.3 |
$200 million Master repurchase agreement (6) |  | LHFS, LHFI and Receivables |  | September 2024 |  |  |  | — |  |  | 157.3 |  |  | 42.7 |  |  | 26.1 |
Master repurchase agreement (7) |  | LHFS |  | June 2024 |  |  |  | — |  |  | 1.0 |  |  | — |  |  | — |
$40 million Mortgage warehouse agreement (8) |  | LHFI |  | January 2024 |  |  |  | — |  |  | 35.6 |  |  | 4.4 |  |  | 7.8 |
$204 million Mortgage warehouse agreement (9) |  | LHFS and LHFI |  | March 2024 |  |  |  | 144.7 |  |  | — |  |  | 59.3 |  |  | 44.2 |
$230 million Mortgage warehouse agreement (10) |  | LHFS and Receivables |  | (10) |  |  |  | 216.5 |  |  | — |  |  | 13.5 |  |  | 21.9 |
Master repurchase agreement (11) |  | LHFS |  | (11) |  |  |  | — |  |  | — |  |  | 150.9 |  |  | — |
$50 million Loan and security agreement (12) |  | LHFS and Receivables |  | March 2024 |  |  |  | — |  |  | 48.6 |  |  | 1.4 |  |  | 7.2 |
$700 million Master repurchase agreement (13) |  | LHFS and LHFI |  | April 2024 |  |  |  | 287.6 |  |  | — |  |  | 412.4 |  |  | 288.8 |
$200 million Master repurchase agreement (14) |  | LHFS, Receivables and REO |  | April 2024 |  |  |  | 200.0 |  |  | — |  |  | — |  |  | — |
OLIT Asset-Backed Notes (15) |  | Reverse LHFS, Receivables and REO |  | June 2036 |  |  |  | — |  |  | — |  |  | 190.2 |  |  | — |
$30 million Loan and security agreement (16) |  | LHFI |  | September 2024 |  |  |  | $ | — |  |  | $ | 30.0 |  |  | $ | — |  |  | $ | — |
Total Mortgage Loan Financing Facilities, net |  |  |  | $ | 1,500.5 |  |  | $ | 312.1 |  |  | $ | 1,058.6 |  |  | $ | 702.7 |
Unamortized discount and debt issuance costs - OLIT Notes |  | $ | (23.9) |  |  | $ | — |
Total Mortgage Loan Financing Facilities, net |  | $ | 1,034.7 |  |  | $ | 702.7 |
Weighted average interest rate (17) |  | 6.27 | % |  | 5.74 | %
(1)Of the borrowing capacity on mortgage loan financing facilities extended on a committed basis, none of the available borrowing capacity could be used at September 30, 2023 based on the amount of eligible collateral that could be pledged. (2)In October 2023, the maturity date of the facility was extended to October 11,2024. (3)On February 9, 2023, we voluntarily allowed the facility to mature. (4)This agreement has no stated maturity dat e. (5)In September 2023, the maturity date was extended to September 20,2024 and the uncommitted borrowing capacity may be reduced from $650.0 million to $400.0 million after November 30,2023 upon mutual agreement. (6)In September 2023, the maturity date was extended to September 20, 2024 and the committed borrowing capacity was increased from $173.0 million to $200.0 million. (7)In June 2023, the maturity date was extended to June 22, 2024. (8)In July 2023, the maturity date was extended t o October 12, 2023 and the committed borrowing capacity was reduced from $50.0 million to $40.0 million. In October 2023, t he maturity date was further extended to January 10, 2024. (9)In May 2023, the maturity date was extended to March 31, 2024 and the interest rate margin was revised. (10)The agreement has no stated maturity date, however each transaction has a maximum duration of four years. (11)This repurchase agreement provides borrowing at our discretion up to a certain maximum amount of capacity on a rolling 90-day committed basis. This facility is structured as a gestation repurchase facility whereby dry Agency mortgage loans are transferred to a trust which issues a trust certificate that is pledged as the collateral for the borrowings. Each certificate is renewed monthly and the interest rate for this facility is 1 month Term Secured Overnight Financing Rate (SOFR) plus applicable margin. See Note 2 – Securitizations and Variable Interest Entities for additional information. (12)This revolving facility agreement provides committed borrowing capacity secured by eligible HECM loans that are active buyouts, as defined in the agreement. In April 2023, the maturity date was extended to March 31, 2024. (13)In April 2023, the maturity date was extended to April 6, 2024. (14)On April 3, 2023, we entered into a master repurchase agreement with a total uncommitted borrowing capacity of $200.0 million to finance the purchase of reverse mortgage loans held for sale, claim receivables from HUD and REOs at an interest rate of 1M Term SOFR plus applicable margin. (15)In June 2023, OLIT issued different classes of Asset-Backed Notes with an initial principal amount of $264.9 million, at a discount, with a stated interest rate of 3.0% and a mandatory call date of June 2026. Payments of interest and principal are made from available funds from a pool of reverse mortgage buyout loans and REOs in accordance with the indenture priority of payments. Also see Note 2 – Securitizations and Variable Interest Entities. (16)On September 22, 2023, we entered into a Loan and security agreement with a total committed borrowing capacity of $30.0 million to finance HECM tails at an interest rate of 1M Term SOFR plus applicable margin. (17)The weighted average interest rate excludes the effect of the amortization of prepaid lender fees. At September 30, 2023 and December 31, 2022, unamortized prepaid lender fees were $1.2 million and $0.5 million, respectively, and are included in Other assets in our consolidated balance sheets.
MSR Financing Facilities, net |  |  |  |  |  | Available Borrowing Capacity |  | Outstanding Balance
Borrowing Type |  | Collateral |  |  |  | Maturity |  | Un-committed |  | Committed (1) |  | September 30, 2023 |  | December 31, 2022
$265 million Agency MSR financing facility (2) |  | MSRs |  |  |  | June 2024 |  | $ | — |  |  | $ | 24.4 |  |  | $ | 240.6 |  |  | $ | 309.8 |
$250 million Ginnie Mae MSR financing facility (3) |  | MSRs, Advances |  |  |  | April 2024 |  | 59.3 |  |  | — |  |  | 190.7 |  |  | 157.9 |
Ocwen Excess Spread-Collateralized Notes, Series 2022-PLS1 (4) |  | MSRs |  |  |  | Feb. 2025 |  | — |  |  | — |  |  | 43.2 |  |  | 56.7 |
Secured Notes, Ocwen Asset Servicing Income Series Notes, Series 2014-1 (5) |  | MSRs |  |  |  | Feb. 2028 |  | — |  |  | — |  |  | 29.4 |  |  | 33.4 |
$400 million Agency MSR financing facility - revolving loan (6) |  | MSRs |  |  |  | Dec. 2025 |  | — |  |  | 1.7 |  |  | 398.3 |  |  | 396.8 |
Total MSR financing facilities |  |  |  |  | $ | 59.3 |  |  | $ | 26.1 |  |  | 902.1 |  |  | 954.6 |
Unamortized debt issuance costs - PLS Notes (7) |  |  |  |  |  | (0.5) |  |  | (0.8) |
Total MSR financing facilities, net |  |  |  |  |  |  |  |  | $ | 901.7 |  |  | $ | 953.8 |
Weighted average interest rate (8) |  |  |  |  |  |  |  | 8.10% |  | 7.31%
(1)Of the borrowing capacity on MSR financing facilities extended on a committed basis, none of the available borrowing capacity could be used at September 30, 2023 based on the amount of eligible collateral that could be pledged. (2)PMC’s obligations under this facility are secured by a lien on the related MSRs. Ocwen guarantees the obligations of PMC under this facility. See Note 2 – Securitizations and Variable Interest Entities for additional information. We are subject to daily margining requirements under the terms of the facility. In June 2023, the maturity date of this facility was extended to June 28, 2024, the committed borrowing capacity was reduced by $185.0 million to $265.0 million, and the interest rate margin was revised. (3)In connection with this facility, PMC entered into a repurchase agreement pursuant to which PMC has sold a participation certificate representing certain economic interests in the Ginnie Mae MSRs and servicing advances and has agreed to repurchase such participation certificate at a future date at the repurchase price set forth in the repurchase agreement. PMC’s obligations under this facility are secured by a lien on the related Ginnie Mae MSRs and servicing advances. Ocwen guarantees the obligations of PMC under the facility. See (2) above regarding daily margining requirements. In April 2023, the maturity date of this facility was extended to April 26, 2024. On September 29,2023, we entered into a joint assignment and assumption agreement and the total borrowing capacity of the facility was increased from $200.0 million to $250.0 million. and the committed borrowing capacity was reduced from $100.0 million to zero. (4)The single class PLS Notes are an amortizing debt instrument with an original principal amount of $75.0 million and a fixed interest rate of 5.114%. The PLS Notes are issued by a trust (PLS Issuer) that is included in our consolidated financial statements, and PLS Issuer’s obligations under the facility are secured by a lien on the related PLS MSRs. Ocwen guarantees the obligations of PLS Issuer under the facility. The principal balance amortizes in accordance with a predetermined schedule subject to modification under certain events, with a final payment due in February 2025. See Note 2 – Securitizations and Variable Interest Entities for additional information. (5)OASIS noteholders are entitled to receive a monthly payment equal to the sum of: (a) 21 basis points of the UPB of the reference pool of Freddie Mac mortgages; (b) any termination payment amounts; (c) any excess refinance amounts; and (d) the note redemption amounts, each as defined in the indenture supplement for the notes. Monthly amortization of the liability is estimated using the proportion of monthly projected service fees on the underlying MSRs as a percentage of lifetime projected fees, adjusted for the term of the notes. (6)This facility includes a revolving loan secured by a lien on certain of PMC’s Agency MSRs and is subject to daily margining requirements. Any outstanding borrowings on the revolving loan will convert into a term loan in November 2024. (7)At September 30, 2023 and December 31, 2022, unamortized prepaid lender fees related to revolving type MSR financing facilities were $4.3 million and $4.9 million, respectively, and are included in Other assets in our consolidated balance sheets. (8)Weighted average interest rate excluding the effect of the amortization of debt issuance costs and prepaid lender fees.
Senior Notes | Interest Rate (1) |  | Maturity | Outstanding Balance
| September 30, 2023 |  | December 31, 2022
PMC Senior Secured Notes (2) | 7.875% |  | March 2026 | $ | 361.1 |  |  | $ | 375.0 |
OFC Senior Secured Notes (due to related parties) (3) | 12% paid in cash or 13.25% paid-in-kind (see below) |  | March 2027 | 285.0 |  |  | 285.0 |
Principal balance |  |  |  | 646.1 |  |  | 660.0 |
Discount |  |  |  |  |  |
PMC Senior Secured Notes |  |  |  | (1.0) |  |  | (1.3) |
OFC Senior Secured Notes |  |  |  | (41.2) |  |  | (47.3) |
|  |  |  | (42.2) |  |  | (48.6) |
Unamortized debt issuance costs |  |  |  |  |  |
PMC Senior Secured Notes |  |  |  | (3.3) |  |  | (4.3) |
OFC Senior Secured Notes |  |  |  | (6.5) |  |  | (7.5) |
|  |  |  | (9.8) |  |  | (11.8) |
|  |  |  | $ | 594.1 |  |  | $ | 599.6 |
(1)Excluding the effect of the amortization of debt issuance costs and discount. (2)Redeemable at 103.938% and 101.969% before March 15, 2024 and March 15, 2025, respectively, at par thereafter. The Indenture contains customary covenants that limit the ability of PHH Corporation (PHH) and its restricted subsidiaries (including PMC) to, among other things, (i) incur or guarantee additional indebtedness, (ii) incur liens, (iii) pay dividends on or make distributions in respect of PHH’s capital stock or make other restricted payments, (iv) make investments, (v) consolidate, merge, sell or otherwise dispose of certain assets, and (vi) enter into transactions with Ocwen’s affiliates. (3)Redeemable at par plus a make-whole premium prior to March 4, 2026, at par thereafter. The make-whole premium represents the present value of all scheduled interest payments due through March 4, 2026. The Notes are solely the obligation of Ocwen and are secured by a pledge of substantially all of the assets of Ocwen, including its directly held subsidiaries. On September 27, 2023, we repurchased a total of $13.9 million of the PMC Senior Secured Notes in the open market for a price of $12.5 million and recognized a $1.2 million gain on debt extinguishment, net of the respective write-off of unamortized discount and debt issuance costs. Also refer to Note 21 – Subsequent Events. Credit Ratings Credit ratings are intended to be an indicator of the creditworthiness of a company’s debt obligations. On January 24, 2023, S&P affirmed the issuer credit rating for Ocwen of “B-” and the “B” rating of the PMC Senior Secured Notes. On August 15, 2022, Moody’s affirmed PMC’s long-term corporate family ratings of Caa1 and revised their outlook to Positive from Stable. It is possible that additional actions by credit rating agencies could have a material adverse impact on our liquidity and funding position, including materially changing the terms on which we may be able to borrow money. Covenants Under the terms of our debt agreements, we are subject to various affirmative and negative covenants. Collectively, these covenants include: •Financial covenants, including, but not limited to, specified levels of net worth, liquidity and leverage; •Covenants to operate in material compliance with applicable laws; •Restrictions on our ability to engage in various activities, including but not limited to incurring or guarantying additional forms of debt, paying dividends or making distributions on or purchasing equity interests of Ocwen and its subsidiaries, repurchasing or redeeming capital stock or junior capital, repurchasing or redeeming subordinated debt prior to maturity, issuing preferred stock, selling or transferring assets or making loans or investments or other restricted payments, entering into mergers or consolidations or sales of all or substantially all of the assets of Ocwen and its subsidiaries or of PHH or PMC and their respective subsidiaries, creating liens on assets to secure debt, and entering into transactions with affiliates; •Monitoring and reporting of various specified transactions or events, including specific reporting on defined events affecting collateral underlying certain debt agreements; and •Requirements to provide audited financial statements within specified timeframes, including requirements that Ocwen’s financial statements and the related audit report be unqualified as to going concern. The most restrictive consolidated net worth requirement contained in our debt agreements with borrowings outstanding at September 30, 2023 is a minimum of $275.0 million and $300.0 million, tangible net worth for Ocwen and PMC, respectively. The most restrictive liquidity requirement under our debt agreements with borrowings outstanding at September 30, 2023 is for a minimum of $75.0 million for both Ocwen and PMC consolidated liquidity. The minimum tangible net worth and liquidity requirements at PMC are also subject to the minimum requirement set forth by the Agencies. See also Note 18 – Regulatory Requirements. We believe we were in compliance with all of the covenants in our debt agreements as of the date of these unaudited consolidated financial statements. Collateral Our assets held as collateral for secured borrowings and other unencumbered assets which may be subject to a lien under various collateralized borrowings are as follows at September 30, 2023:
| Assets |  | Pledged Assets |  | Collateralized Borrowings |  |  |  | Unencumbered Assets (1) |  |  |
Cash | $ | 194.0 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 194.0 |  |  |  |
Restricted cash | 71.8 |  |  | 71.8 |  |  | 8.4 |  |  |  |  | — |  |  |  |
Loans held for sale | 948.3 |  |  | 912.0 |  |  | 917.9 |  |  |  |  | 36.3 |  |  |  |
Loans held for investment - securitized (2) | 7,671.1 |  |  | 7,671.1 |  |  | 7,613.6 |  |  |  |  | — |  |  |  |
Loans held for investment - unsecuritized | 106.5 |  |  | 69.7 |  |  | 63.8 |  |  |  |  | 36.8 |  |  |  |
MSRs (3) | 1,717.8 |  |  | 1,724.5 |  |  | 1,126.7 |  |  |  |  | 0.2 |  |  |  |
Advances, net | 564.6 |  |  | 521.4 |  |  | 433.9 |  |  |  |  | 43.3 |  |  |  |
Receivables, net | 164.7 |  |  | 51.7 |  |  | 54.0 |  |  |  |  | 113.0 |  |  |  |
REO | 19.6 |  |  | 13.7 |  |  | 14.5 |  |  |  |  | 5.9 |  |  |  |
Total (4) | $ | 11,458.4 |  |  | $ | 11,035.9 |  |  | $ | 10,232.8 |  |  |  |  | $ | 429.6 |  |  |  |
(1)Certain assets are pledged as collateral to the PMC Senior Secured Notes and OFC Senior Secured (second lien) Notes. (2)Reverse mortgage loans and real estate owned are pledged as collateral to the HMBS beneficial interest holders, and are not available to satisfy the claims of our creditors. Ginnie Mae, as guarantor of the HMBS, is obligated to the holders of the HMBS in an instance of PMC’s default on its servicing obligations, or if the proceeds realized on HECMs are insufficient to repay all outstanding HMBS related obligations. Ginnie Mae has recourse to PMC in connection with certain claims relating to the performance and obligations of PMC as both issuer of HMBS and servicer of HECMs underlying HMBS. (3)Excludes MSRs transferred to MAV, Rithm and others, and associated Pledged MSR liability recorded as sale accounting criteria are not met. Pledged assets exceed the MSR asset balance due to the netting of certain PLS MSR portfolios with negative and positive fair values as eligible collateral. (4)The total of selected assets disclosed in the above table does not represent the total consolidated assets of Ocwen. For example, the total excludes premises and equipment and certain other assets. The OFC Senior Secured Notes due 2027 have a second lien priority on specified security interests, as defined under the OFC Senior Secured Note Agreement and summarized in the table below, and have a priority lien on the following assets: investments by OFC in subsidiaries not guaranteeing the PMC Senior Secured Notes, including PHH and MAV; cash and investment accounts at OFC; and certain other assets, including receivables.
| September 30, 2023
Specified net servicing advances | $ | 178.5
Specified deferred servicing fee | 4.1
Specified MSR value less borrowings | 674.3
Specified unrestricted cash balances | 123.1
Specified advance facility reserves | 11.0
Specified loan value | 69.3
Specified residual value | —
Total | $ | 1,060.3

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
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