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Unaudited Condensed Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative effect, period of adoption, adjustment
Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative effect, period of adoption, adjustment
Treasury Share Amount
Total Mr. Cooper Stockholders’ Equity
Total Mr. Cooper Stockholders’ Equity
Cumulative effect, period of adoption, adjustment
Non-controlling Interests
Shares outstanding, beginning balance (in shares) at Dec. 31, 2019     1,000 91,118              
Stockholders' equity, beginning balance at Dec. 31, 2019 $ 2,231 $ 7 $ 0 $ 1 $ 1,109 $ 1,122 $ 7 $ 0 $ 2,232 $ 7 $ (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Shares issued / (surrendered) under incentive compensation plan (in shares)       904              
Shares issued / (surrendered) under incentive compensation plan (5)       (5)       (5)    
Share-based compensation 10       10       10    
Net income (loss) (98)         (95)     (95)   (3)
Shares outstanding, ending balance (in shares) at Jun. 30, 2020     1,000 92,022              
Stockholders' equity, ending balance at Jun. 30, 2020 2,145   $ 0 $ 1 1,114 1,034   0 2,149   (4)
Shares outstanding, beginning balance (in shares) at Mar. 31, 2020     1,000 91,970              
Stockholders' equity, beginning balance at Mar. 31, 2020 2,066   $ 0 $ 1 1,108 961   0 2,070   (4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Shares issued / (surrendered) under incentive compensation plan (in shares)       52              
Shares issued / (surrendered) under incentive compensation plan 0       0       0    
Share-based compensation 6       6       6    
Net income (loss) 73         73     73   0
Shares outstanding, ending balance (in shares) at Jun. 30, 2020     1,000 92,022              
Stockholders' equity, ending balance at Jun. 30, 2020 2,145   $ 0 $ 1 1,114 1,034   0 2,149   (4)
Shares outstanding, beginning balance (in shares) at Dec. 31, 2020     1,000 89,457              
Stockholders' equity, beginning balance at Dec. 31, 2020 2,504   $ 0 $ 1 1,126 1,434   (58) 2,503   1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Shares issued / (surrendered) under incentive compensation plan (in shares)       1,197              
Shares issued / (surrendered) under incentive compensation plan (20)       (20)       (20)    
Share-based compensation 14       14       14    
Repurchase of common stock (in shares)       (4,505)              
Repurchase of common stock (148)             (148) (148)    
Net income (loss) 1,000         1,000     1,000   0
Shares outstanding, ending balance (in shares) at Jun. 30, 2021     1,000 86,149              
Stockholders' equity, ending balance at Jun. 30, 2021 3,350   $ 0 $ 1 1,120 2,434   (206) 3,349   1
Shares outstanding, beginning balance (in shares) at Mar. 31, 2021     1,000 86,135              
Stockholders' equity, beginning balance at Mar. 31, 2021 2,904   $ 0 $ 1 1,113 1,995   (206) 2,903   1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Shares issued / (surrendered) under incentive compensation plan (in shares)       14              
Shares issued / (surrendered) under incentive compensation plan (1)       (1)       (1)    
Share-based compensation 8       8       8    
Net income (loss) 439         439     439   0
Shares outstanding, ending balance (in shares) at Jun. 30, 2021     1,000 86,149              
Stockholders' equity, ending balance at Jun. 30, 2021 $ 3,350   $ 0 $ 1 $ 1,120 $ 2,434   $ (206) $ 3,349   $ 1