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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 371 $ 242
Restricted cash 271 319
Mortgage servicing rights, $3,339 and $3,665 at fair value, respectively 3,346 3,676
Advances and other receivables, net of reserves of $130 and $47, respectively 967 1,194
Reverse mortgage interests, net of reserves of $13 and $13, respectively 6,662 7,934
Mortgage loans held for sale at fair value 4,267 1,631
Mortgage loans held for investment at fair value 0 119
Property and equipment, net of accumulated depreciation of $45 and $16, respectively 113 96
Deferred tax asset, net 1,032 967
Other assets 1,449 795
Total assets 18,478 16,973
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 2,464 2,459
Advance facilities, net 513 595
Warehouse facilities, net 4,802 2,349
Payables and other liabilities 2,002 1,543
MSR related liabilities - nonrecourse at fair value 1,328 1,216
Mortgage servicing liabilities 69 71
Other nonrecourse debt, net 5,533 6,795
Total liabilities 16,711 15,028
Commitments and contingencies (Note 18)
Preferred stock at $0.00001 - 10 million shares authorized, 1 million shares issued and outstanding, respectively; aggregate liquidation preference of ten dollars, respectively 0 0
Common stock at $0.01 par value - 300 million shares authorized, 91.1 million and 90.8 million shares issued, respectively 1 1
Additional paid-in-capital 1,106 1,093
Retained earnings 659 848
Total Mr. Cooper stockholders’ equity 1,766 1,942
Non-controlling interests 1 3
Total stockholders’ equity 1,767 1,945
Total liabilities and stockholders’ equity $ 18,478 $ 16,973