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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Service related, net $ (8) $ 0 $ 572 $ (67)
Net gain on mortgage loans held for sale 582 618 1,261 949
Total revenues 574 618 1,833 882
Expenses:        
Salaries, wages and benefits 277 238 554 472
General and administrative 148 160 325 350
Total expenses 425 398 879 822
Interest income 51 22 97 97
Interest expense (119) (127) (245) (266)
Other income, net 486 0 486 1
Total other income (expenses), net 418 (105) 338 (168)
Income (loss) from continuing operations before income tax expense (benefit) 567 115 1,292 (108)
Less: Income tax expense (benefit) 140 38 306 (26)
Net income (loss) from continuing operations 427 77 986 (82)
Net income (loss) from discontinued operations 12 (4) 14 (16)
Net income (loss) 439 73 1,000 (98)
Less: Net loss attributable to non-controlling interests 0 0 0 (3)
Net income (loss) attributable to Mr. Cooper 439 73 1,000 (95)
Less: Undistributed earnings attributable to participating stockholders 4 1 9 0
Net income (loss) attributable to common stockholders $ 435 $ 72 $ 991 $ (95)
Earnings Per Share [Abstract]        
Income (Loss) from Continuing Operations, Per Basic Share $ 4.91 $ 0.82 $ 11.13 $ (0.86)
Income (Loss) from Continuing Operations, Per Diluted Share 4.72 0.81 10.65 (0.86)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0.14 (0.04) 0.16 (0.18)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0.13 (0.04) 0.15 (0.18)
Basic (in dollars per share) 5.05 0.78 11.29 (1.04)
Diluted (in dollars per share) $ 4.85 $ 0.77 $ 10.80 $ (1.04)