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Earnings Per Share - Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Earnings Per Share [Abstract]      
Net income from continuing operations $ 923 $ 1,466 $ 309
Less: Net income attributable to non-controlling interests 0 0 2
Less: Undistributed earnings attributable to participating stockholders 0 8 3
Less: Premium on retirement of preferred stock 0 28 0
Net income from continuing operations attributable to Mr. Cooper common stockholders 923 1,430 304
Net loss from discontinued operations 0 (12) (2)
Less: Undistributed earnings from discontinued operations attributable to participating stockholders 0 0 0
Net loss from discontinued operations attributable to Mr. Cooper common stockholders 0 (12) (2)
Net income 923 1,454 307
Less: Net income attributable to non-controlling interests 0 0 2
Net income attributable to Mr. Cooper 923 1,454 305
Less: Undistributed earnings attributable to participating stockholders 0 8 3
Net income attributable to common stockholders $ 923 $ 1,418 $ 302
Income (Loss) from Continuing Operations, Per Basic Share $ 12.84 $ 17.39 $ 3.33
Income (Loss) from Continuing Operations, Per Diluted Share 12.50 16.67 3.22
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 (0.15) (0.02)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0 (0.14) (0.02)
Basic (in dollars per share) 12.84 17.24 3.31
Diluted (in dollars per share) $ 12.50 $ 16.53 $ 3.20
Weighted average shares of common stock outstanding (in thousands):      
Basic (in shares) 71,885 82,247 91,312
Dilutive effect of stock awards (in shares) 1,933 3,067 2,343
Dilutive effect of participating securities (in shares) 0 492 839
Diluted (in shares) 73,818 85,806 94,494