Guarantor Financial Statement Information - Consolidating Statements of Cash Flow (Details) - USD ($) $ in Millions | 1 Months Ended | 2 Months Ended | 3 Months Ended | 7 Months Ended | 9 Months Ended |
Jul. 31, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Jul. 31, 2018 | Sep. 30, 2017 |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | | $ 1,020 | | | |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | | 0 | | | |
Deferred tax benefit | | (931) | | | |
(Gain) loss from subsidiaries | | 0 | | | |
Net gain on mortgage loans held for sale | | (83) | | | |
Reverse mortgage loan interest income | | (72) | | | |
Gain on sale of assets | | 0 | | | |
MSL related increased obligation | | 0 | | | |
Provision for servicing reserves | | 14 | | | |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | (27) | | | |
Fair value changes in excess spread financing | | 26 | | | |
Fair value changes in mortgage servicing rights financing liability | | 0 | | | |
Amortization of premiums, net of discount accretion | | 3 | | | |
Depreciation and amortization for property and equipment and intangible assets | | 15 | | | |
Share-based compensation | | 2 | | | |
Other (gain) loss | | 0 | | | |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | (223) | | | |
Mortgage loans originated and purchased for sale, net of fees | | (3,458) | | | |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | 3,546 | | | |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | 76 | | | |
Reverse mortgage interests | | 442 | | | |
Other assets | | (15) | | | |
Payables and accrued liabilities | | (159) | | | |
Net cash attributable to operating activities | | 176 | | | |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | (33) | | | |
Property and equipment additions, net of disposals | | (14) | | | |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | (63) | | | |
Net payment related to acquisition of HECM related receivables | | 0 | | | |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | 0 | | | |
Proceeds on sale of forward and reverse mortgage servicing rights | | 60 | | | |
Proceeds on sale of assets | | 0 | | | |
Net cash attributable to investing activities | | (50) | | | |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | 186 | | | |
Decrease in advance facilities | | 46 | | | |
Proceeds from issuance of HECM securitizations | | 0 | | | |
Repayment of HECM securitizations | | (91) | | | |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | 45 | | | |
Repayment of participating interest financing in reverse mortgage interests | | (403) | | | |
Proceeds from the issuance of excess spread financing | | 84 | | | |
Repayment of excess spread financing | | (21) | | | |
Settlement of excess spread financing | | (31) | | | |
Repayment of nonrecourse debt – legacy assets | | (3) | | | |
Repurchase of unsecured senior notes | | 0 | | | |
Redemption and repayment of unsecured senior notes | | (1,030) | | | |
Surrender of shares relating to stock vesting | | 0 | | | |
Debt financing costs | | (1) | | | |
Dividends to non-controlling interests | | 0 | | | |
Net cash attributable to financing activities | | (1,219) | | | |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | (1,093) | | | |
Cash, cash equivalents, and restricted cash - beginning of period | | 1,623 | | | |
Cash, cash equivalents, and restricted cash - end of period | $ 1,623 | 530 | | $ 1,623 | |
Predecessor | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | (64) | | $ 7 | 154 | $ (11) |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | 0 | | 0 | 0 | 1 |
Deferred tax benefit | | | | 0 | 0 |
(Gain) loss from subsidiaries | | | | 0 | 0 |
Net gain on mortgage loans held for sale | (44) | | (154) | (295) | (465) |
Reverse mortgage loan interest income | | | | (274) | (370) |
Gain on sale of assets | | | | (9) | (8) |
MSL related increased obligation | | | | 59 | 0 |
Provision for servicing reserves | | | | 70 | 97 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | | | (177) | 362 |
Fair value changes in excess spread financing | | | | 81 | 0 |
Fair value changes in mortgage servicing rights financing liability | | | | 16 | (7) |
Amortization of premiums, net of discount accretion | | | | 8 | 63 |
Depreciation and amortization for property and equipment and intangible assets | 4 | | 15 | 33 | 44 |
Share-based compensation | | | | 17 | 13 |
Other (gain) loss | | | | 3 | 5 |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | | | (544) | (943) |
Mortgage loans originated and purchased for sale, net of fees | | | | (12,328) | (14,002) |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | | | 13,392 | 15,472 |
Excess tax benefit from share-based compensation | | | | | (1) |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | | | 377 | 71 |
Reverse mortgage interests | | | | 1,601 | 1,226 |
Other assets | | | | (41) | (17) |
Payables and accrued liabilities | | | | 151 | (284) |
Net cash attributable to operating activities | | | | 2,294 | 1,246 |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | | | 0 | 0 |
Property and equipment additions, net of disposals | | | | (40) | (34) |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | | | (134) | (28) |
Net payment related to acquisition of HECM related receivables | | | | (1) | 0 |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | | | 0 | 16 |
Proceeds on sale of forward and reverse mortgage servicing rights | | | | 0 | 25 |
Proceeds on sale of assets | | | | 13 | 16 |
Net cash attributable to investing activities | | | | (162) | (5) |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | | | (585) | 351 |
Decrease in advance facilities | | | | (305) | (298) |
Proceeds from issuance of HECM securitizations | | | | 759 | 706 |
Repayment of HECM securitizations | | | | (448) | (484) |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | | | 208 | 437 |
Repayment of participating interest financing in reverse mortgage interests | | | | (1,599) | (1,928) |
Proceeds from the issuance of excess spread financing | | | | 70 | 0 |
Repayment of excess spread financing | | | | (3) | (9) |
Settlement of excess spread financing | | | | (105) | (159) |
Repayment of nonrecourse debt – legacy assets | | | | (7) | (12) |
Repurchase of unsecured senior notes | | | | (62) | (122) |
Redemption and repayment of unsecured senior notes | | | | 0 | 0 |
Surrender of shares relating to stock vesting | | | | (9) | (4) |
Debt financing costs | | | | (24) | (11) |
Dividends to non-controlling interests | | | | (1) | (5) |
Net cash attributable to financing activities | | | | (2,111) | (1,538) |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | | | 21 | (297) |
Cash, cash equivalents, and restricted cash - beginning of period | | 596 | | 575 | 877 |
Cash, cash equivalents, and restricted cash - end of period | 596 | | 580 | 596 | 580 |
Eliminations | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | | (57) | | | |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | | 0 | | | |
Deferred tax benefit | | 0 | | | |
(Gain) loss from subsidiaries | | 57 | | | |
Net gain on mortgage loans held for sale | | 0 | | | |
Reverse mortgage loan interest income | | 0 | | | |
Provision for servicing reserves | | 0 | | | |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | 0 | | | |
Fair value changes in excess spread financing | | 0 | | | |
Amortization of premiums, net of discount accretion | | 0 | | | |
Depreciation and amortization for property and equipment and intangible assets | | 0 | | | |
Share-based compensation | | 0 | | | |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | 0 | | | |
Mortgage loans originated and purchased for sale, net of fees | | 0 | | | |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | 0 | | | |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | 0 | | | |
Reverse mortgage interests | | 0 | | | |
Other assets | | 0 | | | |
Payables and accrued liabilities | | 0 | | | |
Net cash attributable to operating activities | | 0 | | | |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | 0 | | | |
Property and equipment additions, net of disposals | | 0 | | | |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | 0 | | | |
Proceeds on sale of forward and reverse mortgage servicing rights | | 0 | | | |
Net cash attributable to investing activities | | 0 | | | |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | 0 | | | |
Decrease in advance facilities | | 0 | | | |
Repayment of HECM securitizations | | 0 | | | |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | 0 | | | |
Repayment of participating interest financing in reverse mortgage interests | | 0 | | | |
Proceeds from the issuance of excess spread financing | | 0 | | | |
Repayment of excess spread financing | | 0 | | | |
Settlement of excess spread financing | | 0 | | | |
Repayment of nonrecourse debt – legacy assets | | 0 | | | |
Redemption and repayment of unsecured senior notes | | 0 | | | |
Debt financing costs | | 0 | | | |
Net cash attributable to financing activities | | 0 | | | |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | 0 | | | |
Cash, cash equivalents, and restricted cash - beginning of period | | 0 | | | |
Cash, cash equivalents, and restricted cash - end of period | 0 | 0 | | 0 | |
Eliminations | Predecessor | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | 30 | | (18) | (237) | (29) |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | 0 | | 0 | 0 | 0 |
(Gain) loss from subsidiaries | | | | 237 | 29 |
Net gain on mortgage loans held for sale | 0 | | 0 | 0 | 0 |
Reverse mortgage loan interest income | | | | 0 | 0 |
Gain on sale of assets | | | | 0 | 0 |
MSL related increased obligation | | | | 0 | |
Provision for servicing reserves | | | | 0 | 0 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | | | 0 | 0 |
Fair value changes in excess spread financing | | | | 0 | 0 |
Fair value changes in mortgage servicing rights financing liability | | | | 0 | 0 |
Amortization of premiums, net of discount accretion | | | | 0 | 0 |
Depreciation and amortization for property and equipment and intangible assets | | | | 0 | 0 |
Share-based compensation | | | | 0 | 0 |
Other (gain) loss | | | | 0 | 0 |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | | | 0 | 0 |
Mortgage loans originated and purchased for sale, net of fees | | | | 0 | 0 |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | | | 0 | 0 |
Excess tax benefit from share-based compensation | | | | | 0 |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | | | 0 | 0 |
Reverse mortgage interests | | | | 0 | 0 |
Other assets | | | | 0 | 0 |
Payables and accrued liabilities | | | | 0 | 0 |
Net cash attributable to operating activities | | | | 0 | 0 |
Investing Activities | | | | | |
Property and equipment additions, net of disposals | | | | 0 | 0 |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | | | 0 | 0 |
Net payment related to acquisition of HECM related receivables | | | | 0 | |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | | | | 0 |
Proceeds on sale of forward and reverse mortgage servicing rights | | | | | 0 |
Proceeds on sale of assets | | | | 0 | 0 |
Net cash attributable to investing activities | | | | 0 | 0 |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | | | 0 | 0 |
Decrease in advance facilities | | | | 0 | 0 |
Proceeds from issuance of HECM securitizations | | | | 0 | 0 |
Repayment of HECM securitizations | | | | 0 | 0 |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | | | 0 | 0 |
Repayment of participating interest financing in reverse mortgage interests | | | | 0 | 0 |
Proceeds from the issuance of excess spread financing | | | | 0 | |
Repayment of excess spread financing | | | | 0 | 0 |
Settlement of excess spread financing | | | | 0 | 0 |
Repayment of nonrecourse debt – legacy assets | | | | 0 | 0 |
Repurchase of unsecured senior notes | | | | 0 | 0 |
Surrender of shares relating to stock vesting | | | | 0 | 0 |
Debt financing costs | | | | 0 | 0 |
Dividends to non-controlling interests | | | | 0 | 0 |
Net cash attributable to financing activities | | | | 0 | 0 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | | | 0 | 0 |
Cash, cash equivalents, and restricted cash - beginning of period | | 0 | | 0 | 0 |
Cash, cash equivalents, and restricted cash - end of period | 0 | | 0 | 0 | 0 |
Mr. Cooper | Predecessor | | | | | |
Investing Activities | | | | | |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | | | | 0 |
Mr. Cooper | Reportable entities | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | | 1,020 | | | |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | | 0 | | | |
Deferred tax benefit | | (990) | | | |
(Gain) loss from subsidiaries | | (56) | | | |
Net gain on mortgage loans held for sale | | 0 | | | |
Reverse mortgage loan interest income | | 0 | | | |
Provision for servicing reserves | | 0 | | | |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | 0 | | | |
Fair value changes in excess spread financing | | 0 | | | |
Amortization of premiums, net of discount accretion | | 1 | | | |
Depreciation and amortization for property and equipment and intangible assets | | 0 | | | |
Share-based compensation | | 0 | | | |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | 0 | | | |
Mortgage loans originated and purchased for sale, net of fees | | 0 | | | |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | 0 | | | |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | 0 | | | |
Reverse mortgage interests | | 0 | | | |
Other assets | | 0 | | | |
Payables and accrued liabilities | | 19 | | | |
Net cash attributable to operating activities | | (6) | | | |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | 0 | | | |
Property and equipment additions, net of disposals | | 0 | | | |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | 0 | | | |
Proceeds on sale of forward and reverse mortgage servicing rights | | 0 | | | |
Net cash attributable to investing activities | | 0 | | | |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | 0 | | | |
Decrease in advance facilities | | 0 | | | |
Repayment of HECM securitizations | | 0 | | | |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | 0 | | | |
Repayment of participating interest financing in reverse mortgage interests | | 0 | | | |
Proceeds from the issuance of excess spread financing | | 0 | | | |
Repayment of excess spread financing | | 0 | | | |
Settlement of excess spread financing | | 0 | | | |
Repayment of nonrecourse debt – legacy assets | | 0 | | | |
Redemption and repayment of unsecured senior notes | | 0 | | | |
Debt financing costs | | 0 | | | |
Net cash attributable to financing activities | | 0 | | | |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | (6) | | | |
Cash, cash equivalents, and restricted cash - beginning of period | | 11 | | | |
Cash, cash equivalents, and restricted cash - end of period | 11 | 5 | | 11 | |
Mr. Cooper | Reportable entities | Predecessor | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | (64) | | 7 | 154 | (11) |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | 0 | | 0 | 0 | 0 |
(Gain) loss from subsidiaries | | | | (181) | 11 |
Net gain on mortgage loans held for sale | 0 | | 0 | 0 | 0 |
Reverse mortgage loan interest income | | | | 0 | 0 |
Gain on sale of assets | | | | 0 | 0 |
MSL related increased obligation | | | | 0 | |
Provision for servicing reserves | | | | 0 | 0 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | | | 0 | 0 |
Fair value changes in excess spread financing | | | | 0 | 0 |
Fair value changes in mortgage servicing rights financing liability | | | | 0 | 0 |
Amortization of premiums, net of discount accretion | | | | 0 | 0 |
Depreciation and amortization for property and equipment and intangible assets | | | | 0 | 0 |
Share-based compensation | | | | 0 | 0 |
Other (gain) loss | | | | 0 | 0 |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | | | 0 | 0 |
Mortgage loans originated and purchased for sale, net of fees | | | | 0 | 0 |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | | | 0 | 0 |
Excess tax benefit from share-based compensation | | | | | 0 |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | | | 0 | 0 |
Reverse mortgage interests | | | | 0 | 0 |
Other assets | | | | 9 | 4 |
Payables and accrued liabilities | | | | 27 | 0 |
Net cash attributable to operating activities | | | | 9 | 4 |
Investing Activities | | | | | |
Property and equipment additions, net of disposals | | | | 0 | 0 |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | | | 0 | 0 |
Net payment related to acquisition of HECM related receivables | | | | 0 | |
Proceeds on sale of forward and reverse mortgage servicing rights | | | | | 0 |
Proceeds on sale of assets | | | | 0 | 0 |
Net cash attributable to investing activities | | | | 0 | 0 |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | | | 0 | 0 |
Decrease in advance facilities | | | | 0 | 0 |
Proceeds from issuance of HECM securitizations | | | | 0 | 0 |
Repayment of HECM securitizations | | | | 0 | 0 |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | | | 0 | 0 |
Repayment of participating interest financing in reverse mortgage interests | | | | 0 | 0 |
Proceeds from the issuance of excess spread financing | | | | 0 | |
Repayment of excess spread financing | | | | 0 | 0 |
Settlement of excess spread financing | | | | 0 | 0 |
Repayment of nonrecourse debt – legacy assets | | | | 0 | 0 |
Repurchase of unsecured senior notes | | | | 0 | 0 |
Surrender of shares relating to stock vesting | | | | (9) | (4) |
Debt financing costs | | | | 0 | 0 |
Dividends to non-controlling interests | | | | 0 | 0 |
Net cash attributable to financing activities | | | | (9) | (4) |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | | | 0 | 0 |
Cash, cash equivalents, and restricted cash - beginning of period | | 0 | | 0 | 0 |
Cash, cash equivalents, and restricted cash - end of period | 0 | | 0 | 0 | 0 |
Issuer | Predecessor | | | | | |
Investing Activities | | | | | |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | | | | 16 |
Issuer | Reportable entities | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | | 56 | | | |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | | 0 | | | |
Deferred tax benefit | | 52 | | | |
(Gain) loss from subsidiaries | | (1) | | | |
Net gain on mortgage loans held for sale | | (83) | | | |
Reverse mortgage loan interest income | | (72) | | | |
Provision for servicing reserves | | 14 | | | |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | (27) | | | |
Fair value changes in excess spread financing | | 26 | | | |
Amortization of premiums, net of discount accretion | | 2 | | | |
Depreciation and amortization for property and equipment and intangible assets | | 13 | | | |
Share-based compensation | | 2 | | | |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | (223) | | | |
Mortgage loans originated and purchased for sale, net of fees | | (3,458) | | | |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | 3,537 | | | |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | 76 | | | |
Reverse mortgage interests | | 425 | | | |
Other assets | | 25 | | | |
Payables and accrued liabilities | | (179) | | | |
Net cash attributable to operating activities | | 185 | | | |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | 0 | | | |
Property and equipment additions, net of disposals | | (20) | | | |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | (63) | | | |
Proceeds on sale of forward and reverse mortgage servicing rights | | 60 | | | |
Net cash attributable to investing activities | | (23) | | | |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | 186 | | | |
Decrease in advance facilities | | (17) | | | |
Repayment of HECM securitizations | | 0 | | | |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | 45 | | | |
Repayment of participating interest financing in reverse mortgage interests | | (403) | | | |
Proceeds from the issuance of excess spread financing | | 84 | | | |
Repayment of excess spread financing | | (21) | | | |
Settlement of excess spread financing | | (31) | | | |
Repayment of nonrecourse debt – legacy assets | | 0 | | | |
Redemption and repayment of unsecured senior notes | | (1,030) | | | |
Debt financing costs | | (1) | | | |
Net cash attributable to financing activities | | (1,188) | | | |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | (1,026) | | | |
Cash, cash equivalents, and restricted cash - beginning of period | | 1,358 | | | |
Cash, cash equivalents, and restricted cash - end of period | 1,358 | 332 | | 1,358 | |
Issuer | Reportable entities | Predecessor | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | (37) | | 7 | 181 | (11) |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | 0 | | 0 | 0 | 1 |
(Gain) loss from subsidiaries | | | | (56) | (40) |
Net gain on mortgage loans held for sale | (44) | | (153) | (295) | (464) |
Reverse mortgage loan interest income | | | | (274) | (370) |
Gain on sale of assets | | | | 0 | 1 |
MSL related increased obligation | | | | 59 | |
Provision for servicing reserves | | | | 70 | 97 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | | | (178) | 362 |
Fair value changes in excess spread financing | | | | 81 | 2 |
Fair value changes in mortgage servicing rights financing liability | | | | 16 | (7) |
Amortization of premiums, net of discount accretion | | | | 11 | 55 |
Depreciation and amortization for property and equipment and intangible assets | | | | 26 | 33 |
Share-based compensation | | | | 16 | 9 |
Other (gain) loss | | | | 3 | 5 |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | | | (544) | (943) |
Mortgage loans originated and purchased for sale, net of fees | | | | (12,328) | (14,002) |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | | | 13,381 | 15,459 |
Excess tax benefit from share-based compensation | | | | | (1) |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | | | 377 | 71 |
Reverse mortgage interests | | | | 1,866 | 1,451 |
Other assets | | | | (293) | (99) |
Payables and accrued liabilities | | | | 128 | (273) |
Net cash attributable to operating activities | | | | 2,247 | 1,336 |
Investing Activities | | | | | |
Property and equipment additions, net of disposals | | | | (35) | (31) |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | | | (127) | (22) |
Net payment related to acquisition of HECM related receivables | | | | (1) | |
Proceeds on sale of forward and reverse mortgage servicing rights | | | | | 25 |
Proceeds on sale of assets | | | | 0 | 16 |
Net cash attributable to investing activities | | | | (163) | 4 |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | | | (585) | 351 |
Decrease in advance facilities | | | | (55) | (93) |
Proceeds from issuance of HECM securitizations | | | | 0 | (1) |
Repayment of HECM securitizations | | | | 0 | 0 |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | | | 208 | 437 |
Repayment of participating interest financing in reverse mortgage interests | | | | (1,599) | (1,928) |
Proceeds from the issuance of excess spread financing | | | | 70 | |
Repayment of excess spread financing | | | | (3) | (9) |
Settlement of excess spread financing | | | | (105) | (159) |
Repayment of nonrecourse debt – legacy assets | | | | 0 | 0 |
Repurchase of unsecured senior notes | | | | (62) | (122) |
Surrender of shares relating to stock vesting | | | | 0 | 0 |
Debt financing costs | | | | (24) | (11) |
Dividends to non-controlling interests | | | | (1) | (5) |
Net cash attributable to financing activities | | | | (2,156) | (1,540) |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | | | (72) | (200) |
Cash, cash equivalents, and restricted cash - beginning of period | | 351 | | 423 | 612 |
Cash, cash equivalents, and restricted cash - end of period | 351 | | 412 | 351 | 412 |
Guarantor (Subsidiaries of Issuer) | Predecessor | | | | | |
Investing Activities | | | | | |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | | | | 0 |
Guarantor (Subsidiaries of Issuer) | Reportable entities | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | | 2 | | | |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | | 0 | | | |
Deferred tax benefit | | 0 | | | |
(Gain) loss from subsidiaries | | 0 | | | |
Net gain on mortgage loans held for sale | | 0 | | | |
Reverse mortgage loan interest income | | 0 | | | |
Provision for servicing reserves | | 0 | | | |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | 0 | | | |
Fair value changes in excess spread financing | | 0 | | | |
Amortization of premiums, net of discount accretion | | 0 | | | |
Depreciation and amortization for property and equipment and intangible assets | | 0 | | | |
Share-based compensation | | 0 | | | |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | 0 | | | |
Mortgage loans originated and purchased for sale, net of fees | | 0 | | | |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | 0 | | | |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | 0 | | | |
Reverse mortgage interests | | 0 | | | |
Other assets | | (3) | | | |
Payables and accrued liabilities | | 1 | | | |
Net cash attributable to operating activities | | 0 | | | |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | 0 | | | |
Property and equipment additions, net of disposals | | 0 | | | |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | 0 | | | |
Proceeds on sale of forward and reverse mortgage servicing rights | | 0 | | | |
Net cash attributable to investing activities | | 0 | | | |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | 0 | | | |
Decrease in advance facilities | | 0 | | | |
Repayment of HECM securitizations | | 0 | | | |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | 0 | | | |
Repayment of participating interest financing in reverse mortgage interests | | 0 | | | |
Proceeds from the issuance of excess spread financing | | 0 | | | |
Repayment of excess spread financing | | 0 | | | |
Settlement of excess spread financing | | 0 | | | |
Repayment of nonrecourse debt – legacy assets | | 0 | | | |
Redemption and repayment of unsecured senior notes | | 0 | | | |
Debt financing costs | | 0 | | | |
Net cash attributable to financing activities | | 0 | | | |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | 0 | | | |
Cash, cash equivalents, and restricted cash - beginning of period | | 1 | | | |
Cash, cash equivalents, and restricted cash - end of period | 1 | 1 | | 1 | |
Guarantor (Subsidiaries of Issuer) | Reportable entities | Predecessor | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | 3 | | 2 | 12 | 8 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | 0 | | 0 | 0 | 0 |
(Gain) loss from subsidiaries | | | | 0 | 0 |
Net gain on mortgage loans held for sale | 0 | | 0 | 0 | 0 |
Reverse mortgage loan interest income | | | | 0 | 0 |
Gain on sale of assets | | | | 0 | 0 |
MSL related increased obligation | | | | 0 | |
Provision for servicing reserves | | | | 0 | 0 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | | | 0 | 0 |
Fair value changes in excess spread financing | | | | 0 | 0 |
Fair value changes in mortgage servicing rights financing liability | | | | 0 | 0 |
Amortization of premiums, net of discount accretion | | | | 0 | 0 |
Depreciation and amortization for property and equipment and intangible assets | | | | 0 | 0 |
Share-based compensation | | | | 0 | 0 |
Other (gain) loss | | | | 0 | 0 |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | | | 0 | 0 |
Mortgage loans originated and purchased for sale, net of fees | | | | 0 | 0 |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | | | 0 | 0 |
Excess tax benefit from share-based compensation | | | | | 0 |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | | | 0 | 0 |
Reverse mortgage interests | | | | 0 | 0 |
Other assets | | | | (12) | (9) |
Payables and accrued liabilities | | | | 0 | 0 |
Net cash attributable to operating activities | | | | 0 | (1) |
Investing Activities | | | | | |
Property and equipment additions, net of disposals | | | | 0 | 0 |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | | | 0 | 0 |
Net payment related to acquisition of HECM related receivables | | | | 0 | |
Proceeds on sale of forward and reverse mortgage servicing rights | | | | | 0 |
Proceeds on sale of assets | | | | 0 | 0 |
Net cash attributable to investing activities | | | | 0 | 0 |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | | | 0 | 0 |
Decrease in advance facilities | | | | 0 | 0 |
Proceeds from issuance of HECM securitizations | | | | 0 | 0 |
Repayment of HECM securitizations | | | | 0 | 0 |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | | | 0 | 0 |
Repayment of participating interest financing in reverse mortgage interests | | | | 0 | 0 |
Proceeds from the issuance of excess spread financing | | | | 0 | |
Repayment of excess spread financing | | | | 0 | 0 |
Settlement of excess spread financing | | | | 0 | 0 |
Repayment of nonrecourse debt – legacy assets | | | | 0 | 0 |
Repurchase of unsecured senior notes | | | | 0 | 0 |
Surrender of shares relating to stock vesting | | | | 0 | 0 |
Debt financing costs | | | | 0 | 0 |
Dividends to non-controlling interests | | | | 0 | 0 |
Net cash attributable to financing activities | | | | 0 | 0 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | | | 0 | (1) |
Cash, cash equivalents, and restricted cash - beginning of period | | 1 | | 1 | 2 |
Cash, cash equivalents, and restricted cash - end of period | 1 | | 1 | 1 | 1 |
Non-Guarantor (Subsidiaries of Issuer) | Predecessor | | | | | |
Investing Activities | | | | | |
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables | | | | | 0 |
Non-Guarantor (Subsidiaries of Issuer) | Reportable entities | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | | (1) | | | |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | | 0 | | | |
Deferred tax benefit | | 7 | | | |
(Gain) loss from subsidiaries | | 0 | | | |
Net gain on mortgage loans held for sale | | 0 | | | |
Reverse mortgage loan interest income | | 0 | | | |
Provision for servicing reserves | | 0 | | | |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | 0 | | | |
Fair value changes in excess spread financing | | 0 | | | |
Amortization of premiums, net of discount accretion | | 0 | | | |
Depreciation and amortization for property and equipment and intangible assets | | 2 | | | |
Share-based compensation | | 0 | | | |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | 0 | | | |
Mortgage loans originated and purchased for sale, net of fees | | 0 | | | |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | 9 | | | |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | 0 | | | |
Reverse mortgage interests | | 17 | | | |
Other assets | | (37) | | | |
Payables and accrued liabilities | | 0 | | | |
Net cash attributable to operating activities | | (3) | | | |
Investing Activities | | | | | |
Acquisition, net of cash acquired | | (33) | | | |
Property and equipment additions, net of disposals | | 6 | | | |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | 0 | | | |
Proceeds on sale of forward and reverse mortgage servicing rights | | 0 | | | |
Net cash attributable to investing activities | | (27) | | | |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | 0 | | | |
Decrease in advance facilities | | 63 | | | |
Repayment of HECM securitizations | | (91) | | | |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | 0 | | | |
Repayment of participating interest financing in reverse mortgage interests | | 0 | | | |
Proceeds from the issuance of excess spread financing | | 0 | | | |
Repayment of excess spread financing | | 0 | | | |
Settlement of excess spread financing | | 0 | | | |
Repayment of nonrecourse debt – legacy assets | | (3) | | | |
Redemption and repayment of unsecured senior notes | | 0 | | | |
Debt financing costs | | 0 | | | |
Net cash attributable to financing activities | | (31) | | | |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | (61) | | | |
Cash, cash equivalents, and restricted cash - beginning of period | | 253 | | | |
Cash, cash equivalents, and restricted cash - end of period | 253 | 192 | | 253 | |
Non-Guarantor (Subsidiaries of Issuer) | Reportable entities | Predecessor | | | | | |
Operating Activities | | | | | |
Net income (loss) attributable to Nationstar | 4 | | 9 | 44 | 32 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: | | | | | |
Net income (loss) attributable to non-controlling interests | 0 | | 0 | 0 | 0 |
(Gain) loss from subsidiaries | | | | 0 | 0 |
Net gain on mortgage loans held for sale | 0 | | (1) | 0 | (1) |
Reverse mortgage loan interest income | | | | 0 | 0 |
Gain on sale of assets | | | | (9) | (9) |
MSL related increased obligation | | | | 0 | |
Provision for servicing reserves | | | | 0 | 0 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | | | | 1 | 0 |
Fair value changes in excess spread financing | | | | 0 | (2) |
Fair value changes in mortgage servicing rights financing liability | | | | 0 | 0 |
Amortization of premiums, net of discount accretion | | | | (3) | 8 |
Depreciation and amortization for property and equipment and intangible assets | | | | 7 | 11 |
Share-based compensation | | | | 1 | 4 |
Other (gain) loss | | | | 0 | 0 |
Repurchases of forward loan assets out of Ginnie Mae securitizations | | | | 0 | 0 |
Mortgage loans originated and purchased for sale, net of fees | | | | 0 | 0 |
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | | | | 11 | 13 |
Excess tax benefit from share-based compensation | | | | | 0 |
Changes in assets and liabilities: | | | | | |
Advances and other receivables | | | | 0 | 0 |
Reverse mortgage interests | | | | (265) | (225) |
Other assets | | | | 255 | 87 |
Payables and accrued liabilities | | | | (4) | (11) |
Net cash attributable to operating activities | | | | 38 | (93) |
Investing Activities | | | | | |
Property and equipment additions, net of disposals | | | | (5) | (3) |
Purchase of forward mortgage servicing rights, net of liabilities incurred | | | | (7) | (6) |
Net payment related to acquisition of HECM related receivables | | | | 0 | |
Proceeds on sale of forward and reverse mortgage servicing rights | | | | | 0 |
Proceeds on sale of assets | | | | 13 | 0 |
Net cash attributable to investing activities | | | | 1 | (9) |
Financing Activities | | | | | |
Increase (decrease) in warehouse facilities | | | | 0 | 0 |
Decrease in advance facilities | | | | (250) | (205) |
Proceeds from issuance of HECM securitizations | | | | 759 | 707 |
Repayment of HECM securitizations | | | | (448) | (484) |
Proceeds from issuance of participating interest financing in reverse mortgage interests, net | | | | 0 | 0 |
Repayment of participating interest financing in reverse mortgage interests | | | | 0 | 0 |
Proceeds from the issuance of excess spread financing | | | | 0 | |
Repayment of excess spread financing | | | | 0 | 0 |
Settlement of excess spread financing | | | | 0 | 0 |
Repayment of nonrecourse debt – legacy assets | | | | (7) | (12) |
Repurchase of unsecured senior notes | | | | 0 | 0 |
Surrender of shares relating to stock vesting | | | | 0 | 0 |
Debt financing costs | | | | 0 | 0 |
Dividends to non-controlling interests | | | | 0 | 0 |
Net cash attributable to financing activities | | | | 54 | 6 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | | | | 93 | (96) |
Cash, cash equivalents, and restricted cash - beginning of period | | $ 244 | | 151 | 263 |
Cash, cash equivalents, and restricted cash - end of period | $ 244 | | $ 167 | $ 244 | $ 167 |