Guarantor Financial Statement Information (Tables)

9 Months Ended

Sep. 30, 2018

Condensed Financial Information Disclosure [Abstract]

Consolidating Balance Sheet

MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2018
	Successor
	Mr. Cooper		Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	5	$	164		$	1	$	28		$	—		$	198
Restricted cash	—		168			—		164			—			332
Mortgage servicing rights	—		3,462			—		38			—			3,500
Advances and other receivables, net	—		1,174			—		—			—			1,174
Reverse mortgage interests, net	—		7,764			—		1,122			—			8,886
Mortgage loans held for sale at fair value	—		1,681			—		—			—			1,681
Mortgage loans held for investment, net	—		1			—		121			—			122
Property and equipment, net	—		85			—		17			—			102
Deferred tax asset	990		(49		)	—		(7		)	—			934
Other assets	1		671			197		616			(686		)	799
Investment in subsidiaries	2,916		586			—		—			(3,502		)	—
Total assets	$	3,912	$	15,707		$	198	$	2,099		$	(4,188	)	$	17,728
Liabilities and Stockholders' Equity
Unsecured senior notes, net	$	1,658	$	799		$	—	$	—		$	—		$	2,457
Advance facilities, net	—		33			—		563			—			596
Warehouse facilities, net	—		2,888			—		—			—			2,888
Payables and accrued liabilities	32		1,244			2		64			—			1,342
MSR related liabilities - nonrecourse at fair value	—		1,103			—		20			—			1,123
Mortgage servicing liabilities	—		79			—		—			—			79
Other nonrecourse debt, net	—		6,103			—		1,062			—			7,165
Payables to affiliates	144		542			—		—			(686		)	—
Total liabilities	1,834		12,791			2		1,709			(686		)	15,650
Total stockholders' equity	2,078		2,916			196		390			(3,502		)	2,078
Total liabilities and stockholders' equity	$	3,912	$	15,707		$	198	$	2,099		$	(4,188	)	$	17,728

⁽¹⁾ Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2017
	Predecessor
	Nationstar		Issuer(1)		Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	195	$	1	$	19	$	—		$	215
Restricted cash	—		228		—		132		—			360
Mortgage servicing rights	—		2,910		—		31		—			2,941
Advances and other receivables, net	—		1,706		—		—		—			1,706
Reverse mortgage interests, net	—		9,110		—		874		—			9,984
Mortgage loans held for sale at fair value	—		1,891		—		—		—			1,891
Mortgage loans held for investment, net	—		1		—		138		—			139
Property and equipment, net	—		102		—		19		—			121
Other assets	—		585		182		779		(867		)	679
Investment in subsidiaries	1,846		522		—		—		(2,368		)	—
Total assets	$	1,846	$	17,250	$	183	$	1,992	$	(3,235	)	$	18,036
Liabilities and Stockholders' Equity
Unsecured senior notes, net	$	—	$	1,874	$	—	$	—	$	—		$	1,874
Advance facilities, net	—		106		—		749		—			855
Warehouse facilities, net	—		3,285		—		—		—			3,285
Payables and accrued liabilities	—		1,202		1		36		—			1,239
MSR related liabilities - nonrecourse at fair value	—		987		—		19		—			1,006
Mortgage servicing liabilities	—		41		—		—		—			41
Other nonrecourse debt, net	—		7,167		—		847		—			8,014
Payables to affiliates	124		742		—		1		(867		)	—
Total liabilities	124		15,404		1		1,652		(867		)	16,314
Total stockholders' equity	1,722		1,846		182		340		(2,368		)	1,722
Total liabilities and stockholders' equity	$	1,846	$	17,250	$	183	$	1,992	$	(3,235	)	$	18,036

⁽¹⁾ Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.

Consolidating Statement of Operations

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2018
	Successor
	Mr. Cooper			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Revenues:
Service related, net	$	—		$	183		$	4	$	72		$	—		$	259
Net gain on mortgage loans held for sale	—			83			—		—			—			83
Total revenues	—			266			4		72			—			342
Expenses:
Salaries, wages benefits	—			107			1		31			—			139
General and administrative	1			91			1		43			—			136
Total expenses	1			198			2		74			—			275
Other income (expenses):
Interest income	—			80			—		10			—			90
Interest expense	(26		)	(87		)	—		(9		)	—			(122		)
Other income (expenses)	1			5			—		—			—			6
Gain (loss) from subsidiaries	56			1			—		—			(57		)	—
Total other income (expenses), net	31			(1		)	—		1			(57		)	(26		)
Income (loss) before income tax expense (benefit)	30			67			2		(1		)	(57		)	41
Less: Income tax expense (benefit)	(990		)	11			—		—			—			(979		)
Net income (loss)	1,020			56			2		(1		)	(57		)	1,020
Less: Net income attributable to non-controlling interests	—			—			—		—			—			—
Net income (loss) attributable to Nationstar	$	1,020		$	56		$	2	$	(1	)	$	(57	)	$	1,020

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FOR THE PERIOD JULY 1 TO JULY 31, 2018
	Predecessor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations		Consolidated
Revenues:
Service related, net	$	—		$	95		$	3	$	22		$	—	$	120
Net gain on mortgage loans held for sale	—			44			—		—			—		44
Total revenues	—			139			3		22			—		164
Expenses:
Salaries, wages benefits	—			59			—		10			—		69
General and administrative	27			136			—		10			—		173
Total expenses	27			195			—		20			—		242
Other income (expenses):
Interest income	—			41			—		7			—		48
Interest expense	—			(49		)	—		(4		)	—		(53		)
Other income (expenses)	—			—			—		—			—		—
Gain (loss) from subsidiaries	(37		)	7			—		—			30		—
Total other income (expenses), net	(37		)	(1		)	—		3			30		(5		)
Income (loss) before income tax expense (benefit)	(64		)	(57		)	3		5			30		(83		)
Less: Income tax expense (benefit)	—			(20		)	—		1			—		(19		)
Net income (loss)	(64		)	(37		)	3		4			30		(64		)
Less: Net income attributable to non-controlling interests	—			—			—		—			—		—
Net income (loss) attributable to Nationstar	$	(64	)	$	(37	)	$	3	$	4		$	30	$	(64	)

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FOR THE PERIOD JANUARY 1 TO JULY 31, 2018
	Predecessor
	Nationstar		Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Revenues:
Service related, net	$	—	$	732		$	16	$	153		$	—		$	901
Net gain on mortgage loans held for sale	—		295			—		—			—			295
Total revenues	—		1,027			16		153			—			1,196
Expenses:
Salaries, wages benefits	—		359			3		64			—			426
General and administrative	27		427			1		64			—			519
Total expenses	27		786			4		128			—			945
Other income (expenses):
Interest income	—		299			—		34			—			333
Interest expense	—		(364		)	—		(24		)	—			(388		)
Other income (expense)	—		(3		)	—		9			—			6
Gain (loss) from subsidiaries	181		56			—		—			(237		)	—
Total other income (expenses), net	181		(12		)	—		19			(237		)	(49		)
Income (loss) before income tax expense (benefit)	154		229			12		44			(237		)	202
Less: income tax expense (benefit)	—		48			—		—			—			48
Net income (loss)	154		181			12		44			(237		)	154
Less: net loss attributable to noncontrolling interests	—		—			—		—			—			—
Net income (loss) attributable to Nationstar	$	154	$	181		$	12	$	44		$	(237	)	$	154

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2017
	Predecessor
	Nationstar		Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Revenues:
Service related, net	$	—	$	181		$	7	$	64		$	—		$	252
Net gain on mortgage loans held for sale	—		153			—		1			—			154
Total revenues	—		334			7		65			—			406
Expenses:
Salaries, wages and benefits	—		153			1		29			—			183
General and administrative	—		154			4		27			—			185
Total expenses	—		307			5		56			—			368
Other income (expenses):
Interest income	—		147			—		12			—			159
Interest expense	—		(170		)	—		(13		)	—			(183		)
Other expenses	—		(3		)	—		1			—			(2		)
Gain (loss) from subsidiaries	7		11			—		—			(18		)	—
Total other income (expenses), net	7		(15		)	—		—			(18		)	(26		)
Income (loss) before income tax expense (benefit)	7		12			2		9			(18		)	12
Less: Income tax benefit	—		5			—		—			—			5
Net income (loss)	7		7			2		9			(18		)	7
Less: Net income attributable to non-controlling interests	—		—			—		—			—			—
Net income (loss) attributable to Nationstar	$	7	$	7		$	2	$	9		$	(18	)	$	7

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED SEPTEMBER 30, 2017
	Predecessor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Revenues:
Service related, net	$	—		$	497		$	21	$	230		$	—		$	748
Net gain on mortgage loans held for sale	—			464			—		1			—			465
Total Revenues	—			961			21		231			—			1,213
Expenses:
Salaries, wages and benefits	—			451			3		103			—			557
General and administrative	—			435			10		102			—			547
Total expenses	—			886			13		205			—			1,104
Other income (expenses):
Interest income	—			398			—		39			—			437
Interest expense	—			(522		)	—		(42		)	—			(564		)
Other expense	—			(5		)	—		9			—			4
Gain (loss) from subsidiaries	(11		)	40			—		—			(29		)	—
Total other income (expenses), net	(11		)	(89		)	—		6			(29		)	(123		)
Income (loss) before taxes	(11		)	(14		)	8		32			(29		)	(14		)
Income tax benefit	—			(4		)	—		—			—			(4		)
Net income (loss)	(11		)	(10		)	8		32			(29		)	(10		)
Less: net income attributable to non-controlling interests	—			1			—		—			—			1
Net income (loss) attributable to Nationstar	$	(11	)	$	(11	)	$	8	$	32		$	(29	)	$	(11	)

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

Consolidating Statement of Cash Flows

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2017
	Predecessor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)			Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Operating Activities
Net income (loss) attributable to Nationstar	$	(11	)	$	(11	)	$	8		$	32		$	(29	)	$	(11	)
Adjustments to reconcile net income (loss) to net cash attributable to operating activities:
Net income attributable to non-controlling interests	—			1			—			—			—			1
(Gain) loss from subsidiaries	11			(40		)	—			—			29			—
Net gain on mortgage loans held for sale	—			(464		)	—			(1		)	—			(465		)
Reverse mortgage loan interest income	—			(370		)	—			—			—			(370		)
(Gain) loss on sale of assets	—			1			—			(9		)	—			(8		)
Provision for servicing reserves	—			97			—			—			—			97
Fair value changes and amortization of mortgage servicing rights	—			362			—			—			—			362
Fair value changes in excess spread financing	—			2			—			(2		)	—			—
Fair value changes in mortgage servicing rights financing liability	—			(7		)	—			—			—			(7		)
Amortization of premiums, net of discount accretion	—			55			—			8			—			63
Depreciation and amortization for property and equipment and intangible assets	—			33			—			11			—			44
Share-based compensation	—			9			—			4			—			13
Other loss	—			5			—			—			—			5
Repurchases of forward loans assets out of Ginnie Mae securitizations	—			(943		)	—			—			—			(943		)
Mortgage loans originated and purchased for sale, net of fees	—			(14,002		)	—			—			—			(14,002		)
Sale proceeds and loan payment proceeds for mortgage loans held for sale and held for investment	—			15,459			—			13			—			15,472
Excess tax benefit from share-based compensation	—			(1		)	—			—			—			(1		)
Changes in assets and liabilities:
Advances and other receivables	—			71			—			—			—			71
Reverse mortgage interests	—			1,451			—			(225		)	—			1,226
Other assets	4			(99		)	(9		)	87			—			(17		)
Payables and accrued liabilities	—			(273		)	—			(11		)	—			(284		)
Net cash attributable to operating activities	4			1,336			(1		)	(93		)	—			1,246

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2017 (Continued)
	Predecessor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)			Non-Guarantor (Subsidiaries of Issuer)			Eliminations		Consolidated
Investing Activities
Property and equipment additions, net of disposals	—			(31		)	—			(3		)	—		(34		)
Purchase of forward mortgage servicing rights, net of liabilities incurred	—			(22		)	—			(6		)	—		(28		)
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables	—			16			—			—			—		16
Proceeds on sale of forward and reverse mortgage servicing rights	—			25			—			—			—		25
Proceeds on sale of assets	—			16			—			—			—		16
Net cash attributable to investing activities	—			4			—			(9		)	—		(5		)
Financing Activities
Increase in warehouse facilities	—			351			—			—			—		351
Decrease in advance facilities	—			(93		)	—			(205		)	—		(298		)
Proceeds from issuance of HECM securitizations	—			(1		)	—			707			—		706
Repayment of HECM securitizations	—			—			—			(484		)	—		(484		)
Proceeds from issuance of participating interest financing in reverse mortgage interests	—			437			—			—			—		437
Repayment of participating interest financing in reverse mortgage interests	—			(1,928		)	—			—			—		(1,928		)
Repayment of excess spread financing	—			(9		)	—			—			—		(9		)
Settlement of excess spread financing	—			(159		)	—			—			—		(159		)
Repayment of nonrecourse debt - legacy assets	—			—			—			(12		)	—		(12		)
Repurchase of unsecured senior notes	—			(122		)	—			—			—		(122		)
Surrender of shares relating to stock vesting	(4		)	—			—			—			—		(4		)
Debt financing costs	—			(11		)	—			—			—		(11		)
Dividends to non-controlling interests	—			(5		)	—			—			—		(5		)
Net cash attributable to financing activities	(4		)	(1,540		)	—			6			—		(1,538		)
Net increase (decrease) in cash, cash equivalents, and restricted cash	—			(200		)	(1		)	(96		)	—		(297		)
Cash, cash equivalents, and restricted cash - beginning of period	—			612			2			263			—		877
Cash, cash equivalents, and restricted cash - end of period	$	—		$	412		$	1		$	167		$	—	$	580

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2018
	Successor
	Mr. Cooper			Issuer(1)			Guarantor (Subsidiaries of Issuer)			Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Operating Activities
Net income (loss) attributable to Nationstar	$	1,020		$	56		$	2		$	(1	)	$	(57	)	$	1,020
Adjustments to reconcile net income (loss) to net cash attributable to operating activities:
Deferred tax	(990		)	52			—			7			—			(931		)
(Gain) loss from subsidiaries	(56		)	(1		)	—			—			57			—
Net gain on mortgage loans held for sale	—			(83		)	—			—			—			(83		)
Reverse mortgage loan interest income	—			(72		)	—			—			—			(72		)
Provision for servicing reserves	—			14			—			—			—			14
Fair value changes and amortization of mortgage servicing rights	—			(27		)	—			—			—			(27		)
Fair value changes in excess spread financing	—			26			—			—			—			26
Amortization of premiums, net of discount accretion	1			2			—			—			—			3
Depreciation and amortization for property and equipment and intangible assets	—			13			—			2			—			15
Share-based compensation	—			2			—			—			—			2
Repurchases of forward loans assets out of Ginnie Mae securitizations	—			(223		)	—			—			—			(223		)
Mortgage loans originated and purchased for sale, net of fees	—			(3,458		)	—			—			—			(3,458		)
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment	—			3,537			—			9			—			3,546
Changes in assets and liabilities:
Advances and other receivables	—			76			—			—			—			76
Reverse mortgage interests	—			425			—			17			—			442
Other assets	—			25			(3		)	(37		)	—			(15		)
Payables and accrued liabilities	19			(179		)	1			—			—			(159		)
Net cash attributable to operating activities	(6		)	185			—			(3		)	—			176

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2018 (Continued)
	Successor
	Mr. Cooper			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations		Consolidated
Investing Activities
Acquisition, net of cash acquired	—			—			—		(33		)	—		(33		)
Property and equipment additions, net of disposals	—			(20		)	—		6			—		(14		)
Purchase of forward mortgage servicing rights, net of liabilities incurred	—			(63		)	—		—			—		(63		)
Proceeds on sale of forward and reverse mortgage servicing rights	—			60			—		—			—		60
Net cash attributable to investing activities	—			(23		)	—		(27		)	—		(50		)
Financing Activities
Increase in warehouse facilities	—			186			—		—			—		186
(Decrease) increase in advance facilities	—			(17		)	—		63			—		46
Repayment of HECM securitizations	—			—			—		(91		)	—		(91		)
Proceeds from issuance of participating interest financing in reverse mortgage interests	—			45			—		—			—		45
Repayment of participating interest financing in reverse mortgage interests	—			(403		)	—		—			—		(403		)
Proceeds from issuance of excess spread financing	—			84			—		—			—		84
Repayment of excess spread financing	—			(21		)	—		—			—		(21		)
Settlement of excess spread financing	—			(31		)	—		—			—		(31		)
Repayment of nonrecourse debt - legacy assets	—			—			—		(3		)	—		(3		)
Redemption and repayment of unsecured senior notes	—			(1,030		)	—		—			—		(1,030		)
Debt financing costs	—			(1		)	—		—			—		(1		)
Net cash attributable to financing activities	—			(1,188		)	—		(31		)	—		(1,219		)
Net decrease in cash, cash equivalents, and restricted cash	(6		)	(1,026		)	—		(61		)	—		(1,093		)
Cash, cash equivalents, and restricted cash - beginning of period	11			1,358			1		253			—		1,623
Cash, cash equivalents, and restricted cash - end of period	$	5		$	332		$	1	$	192		$	—	$	530

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD JANUARY 1 TO JULY 31, 2018
	Predecessor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)			Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Operating Activities
Net income (loss) attributable to Nationstar	$	154		$	181		$	12		$	44		$	(237	)	$	154
Adjustments to reconcile net income (loss) to net cash attributable to operating activities:
(Gain) loss from subsidiaries	(181		)	(56		)	—			—			237			—
Net gain on mortgage loans held for sale	—			(295		)	—			—			—			(295		)
Reverse mortgage loan interest income	—			(274		)	—			—			—			(274		)
Gain on sale of assets	—			—			—			(9		)	—			(9		)
MSL related increased obligation	—			59			—			—			—			59
Provision for servicing reserves	—			70			—			—			—			70
Fair value changes and amortization of mortgage servicing rights	—			(178		)	—			1			—			(177		)
Fair value changes in excess spread financing	—			81			—			—			—			81
Fair value changes in mortgage servicing rights financing liability	—			16			—			—			—			16
Amortization of premiums, net of discount accretion	—			11			—			(3		)	—			8
Depreciation and amortization for property and equipment and intangible assets	—			26			—			7			—			33
Share-based compensation	—			16			—			1			—			17
Other (gain) loss	—			3			—			—			—			3
Repurchases of forward loans assets out of Ginnie Mae securitizations	—			(544		)	—			—			—			(544		)
Mortgage loans originated and purchased for sale, net of fees	—			(12,328		)	—			—			—			(12,328		)
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment	—			13,381			—			11			—			13,392
Changes in assets and liabilities:
Advances and other receivables	—			377			—			—			—			377
Reverse mortgage interests	—			1,866			—			(265		)	—			1,601
Other assets	9			(293		)	(12		)	255			—			(41		)
Payables and accrued liabilities	27			128			—			(4		)	—			151
Net cash attributable to operating activities	9			2,247			—			38			—			2,294

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD JANUARY 1 TO JULY 31, 2018 (Continued)
	Predecessor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations		Consolidated
Investing Activities
Property and equipment additions, net of disposals	—			(35		)	—		(5		)	—		(40		)
Purchase of forward mortgage servicing rights, net of liabilities incurred	—			(127		)	—		(7		)	—		(134		)
Net payment related to acquisition of HECM related receivables	—			(1		)	—		—			—		(1		)
Proceeds on sale of assets	—			—			—		13			—		13
Net cash attributable to investing activities	—			(163		)	—		1			—		(162		)
Financing Activities
Decrease in warehouse facilities	—			(585		)	—		—			—		(585		)
Decrease in advance facilities	—			(55		)	—		(250		)	—		(305		)
Proceeds from issuance of HECM securitizations	—			—			—		759			—		759
Repayment of HECM securitizations	—			—			—		(448		)	—		(448		)
Proceeds from issuance of participating interest financing in reverse mortgage interests	—			208			—		—			—		208
Repayment of participating interest financing in reverse mortgage interests	—			(1,599		)	—		—			—		(1,599		)
Proceeds from issuance of excess spread financing	—			70			—		—			—		70
Repayment of excess spread financing	—			(3		)	—		—			—		(3		)
Settlement of excess spread financing	—			(105		)	—		—			—		(105		)
Repayment of nonrecourse debt - legacy assets	—			—			—		(7		)	—		(7		)
Repurchase of unsecured senior notes	—			(62		)	—		—			—		(62		)
Surrender of shares relating to stock vesting	(9		)	—			—		—			—		(9		)
Debt financing costs	—			(24		)	—		—			—		(24		)
Dividends to non-controlling interests	—			(1		)	—		—			—		(1		)
Net cash attributable to financing activities	(9		)	(2,156		)	—		54			—		(2,111		)
Net (decrease) increase in cash, cash equivalents, and restricted cash	—			(72		)	—		93			—		21
Cash, cash equivalents, and restricted cash - beginning of period	—			423			1		151			—		575
Cash, cash equivalents, and restricted cash - end of period	$	—		$	351		$	1	$	244		$	—	$	596

⁽¹⁾ Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.