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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 946 $ 329
Restricted cash 229 283
Mortgage servicing rights, $2,663 and $3,496 at fair value, respectively 2,669 3,502
Advances and other receivables, net of reserves of $191 and $175, respectively 745 988
Reverse mortgage interests, net of purchase discount of $125 and $114, respectively 5,460 6,279
Mortgage loans held for sale at fair value 3,817 4,077
Property and equipment, net of accumulated depreciation of $84 and $55, respectively 114 112
Deferred tax assets, net 1,344 1,345
Other assets 6,431 1,390
Total assets 21,755 18,305
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 2,167 2,366
Advance and warehouse facilities, net 4,851 4,997
Payables and other liabilities 6,590 2,016
MSR related liabilities - nonrecourse at fair value 1,091 1,348
Mortgage servicing liabilities 44 61
Other nonrecourse debt, net 4,671 5,286
Total liabilities 19,414 16,074
Commitments and contingencies (Note 15)
Preferred stock at $0.00001 - 10 million shares authorized, 1.0 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 1,120 1,109
Retained earnings 1,243 1,122
Treasury shares at cost - 1.2 million and zero shares, respectively (24) 0
Total Mr. Cooper stockholders’ equity 2,340 2,232
Non-controlling interests 1 (1)
Total stockholders’ equity 2,341 2,231
Total liabilities and stockholders’ equity $ 21,755 $ 18,305