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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 674 $ 695
Restricted cash 261 218
Mortgage servicing rights, $3,354 and $2,703 at fair value, respectively 3,359 2,708
Advances and other receivables, net of reserves of $206 and $208, respectively 838 940
Reverse mortgage interests, net of purchase discount of $93 and $127, respectively 5,091 5,253
Mortgage loans held for sale at fair value 6,351 5,720
Property and equipment, net of accumulated depreciation of $107 and $96, respectively 118 116
Deferred tax assets, net 1,228 1,340
Other assets 6,793 7,175
Total assets 24,713 24,165
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 2,074 2,074
Advance and warehouse facilities, net 7,379 6,763
Payables and other liabilities 7,140 7,392
MSR related liabilities - nonrecourse at fair value 957 967
Mortgage servicing liabilities 38 41
Other nonrecourse debt, net 4,221 4,424
Total liabilities 21,809 21,661
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, 93.2 million and 92.0 million shares issued, respectively 1 1
Additional paid-in-capital 1,113 1,126
Retained earnings 1,995 1,434
Treasury shares at cost - 7.1 million and 2.6 million shares, respectively (206) (58)
Total Mr. Cooper stockholders’ equity 2,903 2,503
Non-controlling interests 1 1
Total stockholders’ equity 2,904 2,504
Total liabilities and stockholders’ equity $ 24,713 $ 24,165