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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,041 $ 329
Restricted cash 260 283
Mortgage servicing rights, $2,757 and $3,496 at fair value, respectively 2,763 3,502
Advances and other receivables, net of reserves of $216 and $175, respectively 668 988
Reverse mortgage interests, net of purchase discount of $127 and $114, respectively 5,709 6,279
Mortgage loans held for sale at fair value 3,179 4,077
Property and equipment, net of accumulated depreciation of $75 and $55, respectively 115 112
Deferred tax assets, net 1,391 1,345
Other assets 2,174 1,390
Total assets 17,300 18,305
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 2,261 2,366
Advance facilities, net 475 422
Warehouse facilities, net 4,031 4,575
Payables and other liabilities 2,460 2,016
MSR related liabilities - nonrecourse at fair value 1,173 1,348
Mortgage servicing liabilities 48 61
Other nonrecourse debt, net 4,707 5,286
Total liabilities 15,155 16,074
Commitments and contingencies (Note 16)
Preferred stock at $0.00001 - 10 million shares authorized, 1 million shares issued and outstanding, respectively; aggregate liquidation preference of ten dollars, respectively 0 0
Common stock at $0.01 par value - 300 million shares authorized, 92.0 million and 91.1 million shares issued, respectively 1 1
Additional paid-in-capital 1,114 1,109
Retained earnings 1,034 1,122
Total Mr. Cooper stockholders’ equity 2,149 2,232
Non-controlling interests (4) (1)
Total stockholders’ equity 2,145 2,231
Total liabilities and stockholders’ equity $ 17,300 $ 18,305