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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, 2023
Dec. 31, 2022
Dec. 31, 2021
Earnings Per Share [Abstract]      
Net income from continuing operations $ 500 $ 923 $ 1,466
Less: Undistributed earnings attributable to participating stockholders 0 0 8
Less: Premium on retirement of preferred stock 0 0 28
Net income from continuing operations attributable to Mr. Cooper common stockholders 500 923 1,430
Net loss from discontinued operations 0 0 (12)
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 0 (12)
Net income 500 923 1,454
Less: Undistributed earnings attributable to participating stockholders 0 0 8
Net income attributable to common stockholders $ 500 $ 923 $ 1,418
Income (Loss) from Continuing Operations, Per Basic Share $ 7.46 $ 12.84 $ 17.39
Income (Loss) from Continuing Operations, Per Diluted Share 7.30 12.50 16.67
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 0 (0.15)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0 0 (0.14)
Basic (in dollars per share) 7.46 12.84 17.24
Diluted (in dollars per share) $ 7.30 $ 12.50 $ 16.53
Weighted average shares of common stock outstanding (in thousands):      
Basic (in shares) 67,070 71,885 82,247
Dilutive effect of stock awards (in shares) 1,479 1,933 3,067
Dilutive effect of participating securities (in shares) 0 0 492
Diluted (in shares) 68,549 73,818 85,806