Guarantor Financial Statement Information (Tables)

9 Months Ended

Sep. 30, 2019

Condensed Financial Information Disclosure [Abstract]

Consolidating Balance Sheet

MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018
	Successor
	Mr. Cooper		Issuer(1)		Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	193	$	1	$	48		$	—		$	242
Restricted cash	—		186		—		133			—			319
Mortgage servicing rights	—		3,644		—		32			—			3,676
Advances and other receivables, net	—		1,194		—		—			—			1,194
Reverse mortgage interests, net	—		6,770		—		1,164			—			7,934
Mortgage loans held for sale at fair value	—		1,631		—		—			—			1,631
Mortgage loans held for investment at fair value	—		1		—		118			—			119
Property and equipment, net	—		84		—		12			—			96
Deferred tax asset, net	973		—		—		(6		)	—			967
Other assets	—		660		202		621			(688		)	795
Investment in subsidiaries	2,820		601		—		—			(3,421		)	—
Total assets	$	3,793	$	14,964	$	203	$	2,122		$	(4,109	)	$	16,973
Liabilities and Stockholders’ Equity
Unsecured senior notes, net	$	1,660	$	799	$	—	$	—		$	—		$	2,459
Advance facilities, net	—		90		—		505			—			595
Warehouse facilities, net	—		2,349		—		—			—			2,349
Payables and other liabilities	49		1,413		1		80			—			1,543
MSR related liabilities - nonrecourse at fair value	—		1,197		—		19			—			1,216
Mortgage servicing liabilities	—		71		—		—			—			71
Other nonrecourse debt, net	—		5,676		—		1,119			—			6,795
Payables to affiliates	139		549		—		—			(688		)	—
Total liabilities	1,848		12,144		1		1,723			(688		)	15,028
Total stockholders’ equity	1,945		2,820		202		399			(3,421		)	1,945
Total liabilities and stockholders’ equity	$	3,793	$	14,964	$	203	$	2,122		$	(4,109	)	$	16,973

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

MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2019
	Successor
	Mr. Cooper		Issuer(1)		Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	331	$	1	$	39	$	—		$	371
Restricted cash	—		155		—		116		—			271
Mortgage servicing rights	—		3,322		—		24		—			3,346
Advances and other receivables, net	—		966		—		1		—			967
Reverse mortgage interests, net	—		5,733		—		929		—			6,662
Mortgage loans held for sale at fair value	—		4,267		—		—		—			4,267
Property and equipment, net	—		94		—		19		—			113
Deferred tax asset, net	984		46		—		2		—			1,032
Other assets	—		1,317		213		814		(895		)	1,449
Investment in subsidiaries	2,612		682		—		—		(3,294		)	—
Total assets	$	3,596	$	16,913	$	214	$	1,944	$	(4,189	)	$	18,478
Liabilities and Stockholders’ Equity
Unsecured senior notes, net	$	1,665	$	799	$	—	$	—	$	—		$	2,464
Advance facilities, net	—		64		—		449		—			513
Warehouse facilities, net	—		4,802		—		—		—			4,802
Payables and other liabilities	23		1,905		2		72		—			2,002
MSR related liabilities - nonrecourse at fair value	—		1,313		—		15		—			1,328
Mortgage servicing liabilities	—		69		—		—		—			69
Other nonrecourse debt, net	—		4,596		—		937		—			5,533
Payables to affiliates	141		753		—		1		(895		)	—
Total liabilities	1,829		14,301		2		1,474		(895		)	16,711
Total stockholders’ equity	1,767		2,612		212		470		(3,294		)	1,767
Total liabilities and stockholders’ equity	$	3,596	$	16,913	$	214	$	1,944	$	(4,189	)	$	18,478

⁽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 TWO MONTHS ENDED SEPTEMBER 30, 2018
	Successor
	Nationstar			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 and 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	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 (benefit) expense	(990		)	11			—		—			—			(979		)
Net income (loss)	1,020			56			2		(1		)	(57		)	1,020
Less: Net income (loss) 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 ONE MONTH ENDED 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 and 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 (expense)	—			—			—		—			—		—
(Loss) gain from subsidiaries	(37		)	7			—		—			30		—
Total other income (expenses), net	(37		)	(1		)	—		3			30		(5		)
(Loss) income before income tax (benefit) expense	(64		)	(57		)	3		5			30		(83		)
Less: Income tax (benefit) expense	—			(20		)	—		1			—		(19		)
Net loss) income	(64		)	(37		)	3		4			30		(64		)
Less: Net income (loss) attributable to non-controlling interests	—			—			—		—			—		—
Net (loss) income attributable to Nationstar	$	(64	)	$	(37	)	$	3	$	4		$	30	$	(64	)

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS SEVEN MONTHS ENDED 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 and 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	154		229			12		44			(237		)	202
Less: Income tax expense	—		48			—		—			—			48
Net income (loss)	154		181			12		44			(237		)	154
Less: Net income (loss) attributable to non-controlling 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, 2019
	Successor
	Mr. Cooper			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Revenues:
Service related, net	$	—		$	137		$	5	$	116		$	—		$	258
Net gain on mortgage loans held for sale	—			349			—		11			—			360
Total revenues	—			486			5		127			—			618
Expenses:
Salaries, wages benefits	—			209			1		40			—			250
General and administrative	—			185			—		43			—			228
Total expenses	—			394			1		83			—			478
Other income (expenses):
Interest income	—			127			—		36			—			163
Interest expense	(37		)	(143		)	—		(16		)	—			(196		)
Other income (expenses)	—			(3		)	—		3			—			—
Gain (loss) from subsidiaries	121			71			—		—			(192		)	—
Total other income (expenses), net	84			52			—		23			(192		)	(33		)
Income (loss) before income tax benefit	84			144			4		67			(192		)	107
Less: Income tax expense	—			24			—		—			—			24
Net income (loss)	84			120			4		67			(192		)	83
Less: Net loss attributable to non-controlling interests	—			(1		)	—		—			—			(1		)
Net income (loss) attributable to Mr. Cooper	$	84		$	121		$	4	$	67		$	(192	)	$	84

⁽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, 2019
	Successor
	Mr. Cooper			Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Revenues:
Service related, net	$	—		$	139		$	16	$	324		$	—		$	479
Net gain on mortgage loans held for sale	—			777			—		11			—			788
Total revenues	—			916			16		335			—			1,267
Expenses:
Salaries, wages benefits	—			581			3		119			—			703
General and administrative	—			529			2		179			—			710
Total expenses	—			1,110			5		298			—			1,413
Other income (expenses):
Interest income	—			392			—		67			—			459
Interest expense	(114		)	(411		)	—		(47		)	—			(572		)
Other income (expenses)	—			2			—		14			—			16
(Loss) gain from subsidiaries	(75		)	82			—		—			(7		)	—
Total other income (expenses), net	(189		)	65			—		34			(7		)	(97		)
(Loss) income before income tax benefit	(189		)	(129		)	11		71			(7		)	(243		)
Less: Income tax benefit	—			(52		)	—		—			—			(52		)
Net (loss) income	(189		)	(77		)	11		71			(7		)	(191		)
Less: Net loss attributable to non-controlling interests	—			(2		)	—		—			—			(2		)
Net (loss) income attributable to Mr. Cooper	$	(189	)	$	(75	)	$	11	$	71		$	(7	)	$	(189	)

⁽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 TWO MONTHS ENDED SEPTEMBER 30, 2018
	Successor
	Nationstar			Issuer(1)			Guarantor (Subsidiaries of Issuer)			Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Operating Activities
Net income (loss) attributable to Mr. Cooper	$	1,020		$	56		$	2		$	(1	)	$	(57	)	$	1,020
Adjustments to reconcile net income (loss) to net cash attributable to operating activities:
Deferred income tax (benefit) expense	(990		)	52			—			7			—			(931		)
Net income attributable to non-controlling interests	—			—			—			—			—			—
(Gain) loss from subsidiaries	(56		)	(1		)	—			—			57			—
Net gain on mortgage loans held for sale	—			(83		)	—			—			—			(83		)
Interest income on reverse mortgage loans	—			(72		)	—			—			—			(72		)
Provision for servicing reserves	—			14			—			—			—			14
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities	—			(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		)
Sale 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 other 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 TWO MONTHS ENDED SEPTEMBER 30, 2018 (Continued)
	Successor
	Nationstar			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 SEVEN MONTHS ENDED 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		)
Interest income on reverse mortgage loans	—			(274		)	—			—			—			(274		)
Gain on sale of assets	—			—			—			(9		)	—			(9		)
MSL related increased obligations	—			59			—			—			—			59
Provision for servicing reserves	—			70			—			—			—			70
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities	—			(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 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		)
Sale 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 other liabilities	27			128			—			(4		)	—			151
Net cash attributable to operating activities	9			2,247			—			38			—			2,294

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS SEVEN MONTHS ENDED 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

MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2019
	Successor
	Mr. Cooper			Issuer(1)			Guarantor (Subsidiaries of Issuer)			Non-Guarantor (Subsidiaries of Issuer)			Eliminations			Consolidated
Operating Activities
Net (loss) income attributable to Mr. Cooper	$	(189	)	$	(75	)	$	11		$	71		$	(7	)	$	(189	)
Adjustments to reconcile net (loss) income to net cash attributable to operating activities:
Deferred tax benefit	—			(53		)	—			—			—			(53		)
Net loss attributable to non-controlling interests	—			(2		)	—			—			—			(2		)
Loss (gain) from subsidiaries	75			(82		)	—			—			7			—
Net gain on mortgage loans held for sale	—			(777		)	—			(11		)	—			(788		)
Interest income on reverse mortgage loans	—			(208		)	—			(33		)	—			(241		)
Provision for servicing reserves	—			53			—			—			—			53
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities	—			990			—			8			—			998
Fair value changes in excess spread financing	—			(186		)	—			(4		)	—			(190		)
Fair value changes in mortgage servicing rights financing liability	—			15			—			—			—			15
Fair value changes in mortgage loans held for investment	—			—			—			(3		)	—			(3		)
Amortization of premiums, net of discount accretion	5			(21		)	—			(22		)	—			(38		)
Depreciation and amortization for property and equipment and intangible assets	—			55			—			12			—			67
Share-based compensation	—			11			—			3			—			14
Other loss	—			5			—			—			—			5
Repurchases of forward loans assets out of Ginnie Mae securitizations	—			(1,823		)	—			—			—			(1,823		)
Mortgage loans originated and purchased for sale, net of fees	—			(27,685		)	—			12			—			(27,673		)
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment	—			27,777			—			139			—			27,916
Changes in assets and liabilities:
Advances and other receivables	—			266			—			(1		)	—			265
Reverse mortgage interests	—			1,515			—			185			—			1,700
Other assets	—			141			(12		)	(121		)	—			8
Payables and other liabilities	109			(164		)	1			(15		)	—			(69		)
Net cash attributable to operating activities	—			(248		)	—			220			—			(28		)

⁽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, 2019 (Continued)
	Successor
	Mr. Cooper		Issuer(1)			Guarantor (Subsidiaries of Issuer)		Non-Guarantor (Subsidiaries of Issuer)			Eliminations		Consolidated
Investing Activities
Acquisition, net of cash acquired	—		(85		)	—		—			—		(85		)
Property and equipment additions, net of disposals	—		(27		)	—		(11		)	—		(38		)
Purchase of forward mortgage servicing rights, net of liabilities incurred	—		(454		)	—		—			—		(454		)
Proceeds on sale of forward and reverse mortgage servicing rights	—		298			—		—			—		298
Net cash attributable to investing activities	—		(268		)	—		(11		)	—		(279		)
Financing Activities
Increase in warehouse facilities	—		1,930			—		—			—		1,930
Decrease in advance facilities	—		(39		)	—		(56		)	—		(95		)
Repayment of notes payable	—		(294		)	—		—			—		(294		)
Proceeds from issuance of HECM securitizations	—		—			—		398			—		398
Proceeds from sale of HECM securitizations	—		—			—		20			—		20
Repayment of HECM securitizations	—		—			—		(568		)	—		(568		)
Proceeds from issuance of participating interest financing in reverse mortgage interests	—		220			—		—			—		220
Repayment of participating interest financing in reverse mortgage interests	—		(1,472		)	—		—			—		(1,472		)
Proceeds from issuance of excess spread financing	—		469			—		—			—		469
Repayment of excess spread financing	—		(19		)	—		—			—		(19		)
Settlement of excess spread financing	—		(163		)	—		—			—		(163		)
Repayment of nonrecourse debt - legacy assets	—		—			—		(29		)	—		(29		)
Repayment of finance lease liability	—		(3		)	—		—			—		(3		)
Surrender of shares relating to stock vesting	—		(1		)	—		—			—		(1		)
Debt financing costs	—		(5		)	—		—			—		(5		)
Net cash attributable to financing activities	—		623			—		(235		)	—		388
Net increase (decrease) in cash, cash equivalents, and restricted cash	—		107			—		(26		)	—		81
Cash, cash equivalents, and restricted cash - beginning of period	—		379			1		181			—		561
Cash, cash equivalents, and restricted cash - end of period	$	—	$	486		$	1	$	155		$	—	$	642

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