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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 695 $ 329
Restricted cash 218 283
Mortgage servicing rights, $2,703 and $3,496 at fair value, respectively 2,708 3,502
Advances and other receivables, net of reserves of $208 and $175, respectively 940 988
Reverse mortgage interests, net of purchase discount of $127 and $114, respectively 5,253 6,279
Mortgage loans held for sale at fair value 5,720 4,077
Property and equipment, net of accumulated depreciation of $96 and $55, respectively 116 112
Deferred tax assets, net 1,340 1,345
Other assets 7,175 1,390
Total assets 24,165 18,305
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 2,074 2,366
Advance and warehouse facilities, net 6,763 4,997
Payables and other liabilities 7,392 2,016
MSR related liabilities - nonrecourse at fair value 967 1,348
Mortgage servicing liabilities 41 61
Other nonrecourse debt, net 4,424 5,286
Total liabilities 21,661 16,074
Commitments and contingencies (Note 19)
Preferred stock at $0.00001 par value - 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 authorized, 92.0 million and 91.1 million shares issued, respectively 1 1
Additional paid-in-capital 1,126 1,109
Retained earnings 1,434 1,122
Treasury shares at cost - 2.6 million and zero shares, respectively (58) 0
Total Mr. Cooper stockholders’ equity 2,503 2,232
Non-controlling interests 1 (1)
Total stockholders’ equity 2,504 2,231
Total liabilities and stockholders’ equity $ 24,165 $ 18,305