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Unaudited Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Service related, net $ 12 $ 137 $ (41) $ 221
Net gain on mortgage loans held for sale 618 262 949 428
Total revenues 630 399 908 649
Expenses:        
Salaries, wages and benefits 248 238 494 453
General and administrative 171 254 369 482
Total expenses 419 492 863 935
Interest income 76 162 194 296
Interest expense (177) (187) (369) (376)
Other income, net 0 1 1 16
Total other expenses, net (101) (24) (174) (64)
Income (loss) before income tax expense (benefit) 110 (117) (129) (350)
Less: Income tax expense (benefit) 37 (29) (31) (76)
Net income (loss) 73 (88) (98) (274)
Less: Net loss attributable to non-controlling interests 0 (1) (3) (1)
Net income (loss) attributable to Mr. Cooper 73 (87) (95) (273)
Less: Undistributed earnings attributable to participating stockholders 1 0 0 0
Net income (loss) attributable to common stockholders $ 72 $ (87) $ (95) $ (273)
Net income (loss) per common share attributable to Mr. Cooper:        
Basic (in dollars per share) $ 0.78 $ (0.96) $ (1.04) $ (3.00)
Diluted (in dollars per share) $ 0.77 $ (0.96) $ (1.04) $ (3.00)