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Earnings Per Share - Computation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Earnings Per Share [Abstract]        
Net income (loss) from continuing operations $ 427 $ 77 $ 986 $ (82)
Less: Net loss attributable to non-controlling interests 0 0 0 (3)
Less: Undistributed earnings from continuing operations attributable to participating stockholders 4 1 9 0
Net income (loss) from continuing operations attributable to Mr. Cooper common stockholders 423 76 977 (79)
Net income (loss) from discontinued operations 12 (4) 14 (16)
Less: Undistributed earnings from discontinued operations attributable to participating stockholders 0 0 0 0
Net income (loss) from discontinued operations attributable to Mr. Cooper common stockholders 12 (4) 14 (16)
Net income 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, Basic [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)
Weighted average shares of common stock outstanding (in thousands):        
Basic (in shares) 86,142 91,997 87,791 91,691
Dilutive effect of stock awards (in shares) 2,664 176 3,123 0
Dilutive effect of participating securities (in shares) 839 839 839 0
Diluted (in shares) 89,645 93,012 91,753 91,691