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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 527 $ 895
Restricted cash 175 146
Mortgage servicing rights at fair value 6,654 4,223
Advances and other receivables, net of reserves of $137 and $167, respectively 1,019 1,228
Mortgage loans held for sale at fair value 893 4,381
Property and equipment, net of accumulated depreciation of $122 and $122, respectively 65 98
Deferred tax assets, net 703 991
Other assets 2,740 2,242
Total assets 12,776 14,204
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 2,673 2,670
Advance and warehouse facilities, net 2,885 4,997
Payables and other liabilities 2,633 2,392
MSR related liabilities - nonrecourse at fair value 528 778
Total liabilities 8,719 10,837
Commitments and contingencies (Note 19)
Common stock at $0.01 par value - 300 million shares authorized, 93.2 million shares issued 1 1
Additional paid-in-capital 1,104 1,116
Retained earnings 3,802 2,879
Treasury shares at cost - 24.0 million and 19.4 million shares, respectively (850) (630)
Total Mr. Cooper stockholders’ equity 4,057 3,366
Non-controlling interests 0 1
Total stockholders’ equity 4,057 3,367
Total liabilities and stockholders’ equity $ 12,776 $ 14,204