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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Earnings Per Share [Abstract]        
Net income from continuing operations $ 151 $ 427 $ 809 $ 986
Less: Undistributed earnings from continuing operations attributable to participating stockholders 0 4 0 9
Net income from continuing operations attributable to Mr. Cooper common stockholders 151 423 809 977
Net income from discontinued operations 0 12 0 14
Less: Undistributed earnings from discontinued operations attributable to participating stockholders 0 0 0 0
Net income from discontinued operations attributable to Mr. Cooper common stockholders 0 12 0 14
Net income 151 439 809 1,000
Less: Undistributed earnings attributable to participating stockholders 0 4 0 9
Net income attributable to common stockholders $ 151 $ 435 $ 809 $ 991
Earnings Per Share, Basic [Abstract]        
Income (Loss) from Continuing Operations, Per Basic Share $ 2.08 $ 4.91 $ 11.04 $ 11.13
Income (Loss) from Continuing Operations, Per Diluted Share 2.03 4.72 10.74 10.65
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 0.14 0 0.16
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0 0.13 0 0.15
Basic (in dollars per share) 2.08 5.05 11.04 11.29
Diluted (in dollars per share) $ 2.03 $ 4.85 $ 10.74 $ 10.80
Weighted average shares of common stock outstanding (in thousands):        
Basic (in shares) 72,709 86,142 73,278 87,791
Dilutive effect of stock awards 1,618 2,664 2,052 3,123
Dilutive effect of participating securities 0 839 0 839
Diluted 74,327 89,645 75,330 91,753