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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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Earnings Per Share [Abstract]        
Net income from continuing operations $ 310 $ 187 $ 1,296 $ 105
Less: Net income attributable to non-controlling interests 0 5 0 2
Less: Undistributed earnings from continuing operations attributable to participating stockholders 1 2 9 1
Less: Premium on retirement of preferred stock 28 0 28 0
Net income from continuing operations attributable to Mr. Cooper common stockholders 281 180 1,259 102
Net (loss) income from discontinued operations (11) 27 3 11
Less: Undistributed earnings from discontinued operations attributable to participating stockholders 0 0 0 0
Net (loss) income from discontinued operations attributable to Mr. Cooper common stockholders (11) 27 3 11
Net income 299 214 1,299 116
Less: Net earnings attributable to non-controlling interests 0 5 0 2
Net income attributable to Mr. Cooper 299 209 1,299 114
Less: Undistributed earnings attributable to participating stockholders 1 2 9 1
Net income attributable to common stockholders $ 270 $ 207 $ 1,262 $ 113
Earnings Per Share, Basic [Abstract]        
Income (Loss) from Continuing Operations, Per Basic Share $ 3.56 $ 1.98 $ 14.85 $ 1.12
Income (Loss) from Continuing Operations, Per Diluted Share 3.42 1.91 14.20 1.09
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share (0.14) 0.28 0.04 0.11
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share (0.13) 0.27 0.03 0.11
Basic (in dollars per share) 3.42 2.26 14.89 1.23
Diluted (in dollars per share) $ 3.29 $ 2.18 $ 14.23 $ 1.20
Weighted average shares of common stock outstanding (in thousands):        
Basic (in shares) 78,944 91,682 84,809 91,688
Dilutive effect of stock awards (in shares) 2,826 2,563 3,176 1,529
Dilutive effect of participating securities (in shares) 301 839 658 839
Diluted (in shares) 82,071 95,084 88,643 94,056