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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Service related, net $ 588 $ (53)
Net gain on mortgage loans held for sale 679 331
Total revenues 1,267 278
Expenses:    
Salaries, wages and benefits 285 246
General and administrative 184 198
Total expenses 469 444
Interest income 89 118
Interest expense (159) (192)
Other income, net 0 1
Total other expenses, net (70) (73)
Income (loss) before income tax expense (benefit) 728 (239)
Less: Income tax expense (benefit) 167 (68)
Net income (loss) 561 (171)
Less: Net loss attributable to non-controlling interests 0 (3)
Net income (loss) attributable to Mr. Cooper 561 (168)
Less: Undistributed earnings attributable to participating stockholders 5 0
Net income (loss) attributable to common stockholders $ 556 $ (168)
Net income (loss) per common share attributable to Mr. Cooper:    
Basic (in dollars per share) $ 6.22 $ (1.84)
Diluted (in dollars per share) $ 5.92 $ (1.84)