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Guarantor Financial Statement Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract] |
Consolidating Balance Sheet |
MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 5 |  |  | $ | 164 |  |  | $ | 1 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 198 |
Restricted cash | — |  |  | 168 |  |  | — |  |  | 164 |  |  | — |  |  | 332 |
Mortgage servicing rights | — |  |  | 3,462 |  |  | — |  |  | 38 |  |  | — |  |  | 3,500 |
Advances and other receivables, net | — |  |  | 1,174 |  |  | — |  |  | — |  |  | — |  |  | 1,174 |
Reverse mortgage interests, net | — |  |  | 7,764 |  |  | — |  |  | 1,122 |  |  | — |  |  | 8,886 |
Mortgage loans held for sale at fair value | — |  |  | 1,681 |  |  | — |  |  | — |  |  | — |  |  | 1,681 |
Mortgage loans held for investment, net | — |  |  | 1 |  |  | — |  |  | 121 |  |  | — |  |  | 122 |
Property and equipment, net | — |  |  | 85 |  |  | — |  |  | 17 |  |  | — |  |  | 102 |
Deferred tax asset | 990 |  |  | (49 | ) |  | — |  |  | (7 | ) |  | — |  |  | 934 |
Other assets | 1 |  |  | 671 |  |  | 197 |  |  | 616 |  |  | (686 | ) |  | 799 |
Investment in subsidiaries | 2,916 |  |  | 586 |  |  | — |  |  | — |  |  | (3,502 | ) |  | — |
Total assets | $ | 3,912 |  |  | $ | 15,707 |  |  | $ | 198 |  |  | $ | 2,099 |  |  | $ | (4,188 | ) |  | $ | 17,728 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |
Unsecured senior notes, net | $ | 1,658 |  |  | $ | 799 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,457 |
Advance facilities, net | — |  |  | 33 |  |  | — |  |  | 563 |  |  | — |  |  | 596 |
Warehouse facilities, net | — |  |  | 2,888 |  |  | — |  |  | — |  |  | — |  |  | 2,888 |
Payables and accrued liabilities | 32 |  |  | 1,244 |  |  | 2 |  |  | 64 |  |  | — |  |  | 1,342 |
MSR related liabilities - nonrecourse at fair value | — |  |  | 1,103 |  |  | — |  |  | 20 |  |  | — |  |  | 1,123 |
Mortgage servicing liabilities | — |  |  | 79 |  |  | — |  |  | — |  |  | — |  |  | 79 |
Other nonrecourse debt, net | — |  |  | 6,103 |  |  | — |  |  | 1,062 |  |  | — |  |  | 7,165 |
Payables to affiliates | 144 |  |  | 542 |  |  | — |  |  | — |  |  | (686 | ) |  | — |
Total liabilities | 1,834 |  |  | 12,791 |  |  | 2 |  |  | 1,709 |  |  | (686 | ) |  | 15,650 |
Total stockholders' equity | 2,078 |  |  | 2,916 |  |  | 196 |  |  | 390 |  |  | (3,502 | ) |  | 2,078 |
Total liabilities and stockholders' equity | $ | 3,912 |  |  | $ | 15,707 |  |  | $ | 198 |  |  | $ | 2,099 |  |  | $ | (4,188 | ) |  | $ | 17,728 |
(1) Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2017
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 195 |  |  | $ | 1 |  |  | $ | 19 |  |  | $ | — |  |  | $ | 215 |
Restricted cash | — |  |  | 228 |  |  | — |  |  | 132 |  |  | — |  |  | 360 |
Mortgage servicing rights | — |  |  | 2,910 |  |  | — |  |  | 31 |  |  | — |  |  | 2,941 |
Advances and other receivables, net | — |  |  | 1,706 |  |  | — |  |  | — |  |  | — |  |  | 1,706 |
Reverse mortgage interests, net | — |  |  | 9,110 |  |  | — |  |  | 874 |  |  | — |  |  | 9,984 |
Mortgage loans held for sale at fair value | — |  |  | 1,891 |  |  | — |  |  | — |  |  | — |  |  | 1,891 |
Mortgage loans held for investment, net | — |  |  | 1 |  |  | — |  |  | 138 |  |  | — |  |  | 139 |
Property and equipment, net | — |  |  | 102 |  |  | — |  |  | 19 |  |  | — |  |  | 121 |
Other assets | — |  |  | 585 |  |  | 182 |  |  | 779 |  |  | (867 | ) |  | 679 |
Investment in subsidiaries | 1,846 |  |  | 522 |  |  | — |  |  | — |  |  | (2,368 | ) |  | — |
Total assets | $ | 1,846 |  |  | $ | 17,250 |  |  | $ | 183 |  |  | $ | 1,992 |  |  | $ | (3,235 | ) |  | $ | 18,036 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |
Unsecured senior notes, net | $ | — |  |  | $ | 1,874 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,874 |
Advance facilities, net | — |  |  | 106 |  |  | — |  |  | 749 |  |  | — |  |  | 855 |
Warehouse facilities, net | — |  |  | 3,285 |  |  | — |  |  | — |  |  | — |  |  | 3,285 |
Payables and accrued liabilities | — |  |  | 1,202 |  |  | 1 |  |  | 36 |  |  | — |  |  | 1,239 |
MSR related liabilities - nonrecourse at fair value | — |  |  | 987 |  |  | — |  |  | 19 |  |  | — |  |  | 1,006 |
Mortgage servicing liabilities | — |  |  | 41 |  |  | — |  |  | — |  |  | — |  |  | 41 |
Other nonrecourse debt, net | — |  |  | 7,167 |  |  | — |  |  | 847 |  |  | — |  |  | 8,014 |
Payables to affiliates | 124 |  |  | 742 |  |  | — |  |  | 1 |  |  | (867 | ) |  | — |
Total liabilities | 124 |  |  | 15,404 |  |  | 1 |  |  | 1,652 |  |  | (867 | ) |  | 16,314 |
Total stockholders' equity | 1,722 |  |  | 1,846 |  |  | 182 |  |  | 340 |  |  | (2,368 | ) |  | 1,722 |
Total liabilities and stockholders' equity | $ | 1,846 |  |  | $ | 17,250 |  |  | $ | 183 |  |  | $ | 1,992 |  |  | $ | (3,235 | ) |  | $ | 18,036 |
(1) Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.
Consolidating Statement of Operations |
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 183 |  |  | $ | 4 |  |  | $ | 72 |  |  | $ | — |  |  | $ | 259 |
Net gain on mortgage loans held for sale | — |  |  | 83 |  |  | — |  |  | — |  |  | — |  |  | 83 |
Total revenues | — |  |  | 266 |  |  | 4 |  |  | 72 |  |  | — |  |  | 342 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 107 |  |  | 1 |  |  | 31 |  |  | — |  |  | 139 |
General and administrative | 1 |  |  | 91 |  |  | 1 |  |  | 43 |  |  | — |  |  | 136 |
Total expenses | 1 |  |  | 198 |  |  | 2 |  |  | 74 |  |  | — |  |  | 275 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 80 |  |  | — |  |  | 10 |  |  | — |  |  | 90 |
Interest expense | (26 | ) |  | (87 | ) |  | — |  |  | (9 | ) |  | — |  |  | (122 | )
Other income (expenses) | 1 |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Gain (loss) from subsidiaries | 56 |  |  | 1 |  |  | — |  |  | — |  |  | (57 | ) |  | — |
Total other income (expenses), net | 31 |  |  | (1 | ) |  | — |  |  | 1 |  |  | (57 | ) |  | (26 | )
Income (loss) before income tax expense (benefit) | 30 |  |  | 67 |  |  | 2 |  |  | (1 | ) |  | (57 | ) |  | 41 |
Less: Income tax expense (benefit) | (990 | ) |  | 11 |  |  | — |  |  | — |  |  | — |  |  | (979 | )
Net income (loss) | 1,020 |  |  | 56 |  |  | 2 |  |  | (1 | ) |  | (57 | ) |  | 1,020 |
Less: Net income attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | 1,020 |  |  | $ | 56 |  |  | $ | 2 |  |  | $ | (1 | ) |  | $ | (57 | ) |  | $ | 1,020 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FOR THE PERIOD JULY 1 TO JULY 31, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 95 |  |  | $ | 3 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 120 |
Net gain on mortgage loans held for sale | — |  |  | 44 |  |  | — |  |  | — |  |  | — |  |  | 44 |
Total revenues | — |  |  | 139 |  |  | 3 |  |  | 22 |  |  | — |  |  | 164 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 59 |  |  | — |  |  | 10 |  |  | — |  |  | 69 |
General and administrative | 27 |  |  | 136 |  |  | — |  |  | 10 |  |  | — |  |  | 173 |
Total expenses | 27 |  |  | 195 |  |  | — |  |  | 20 |  |  | — |  |  | 242 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 41 |  |  | — |  |  | 7 |  |  | — |  |  | 48 |
Interest expense | — |  |  | (49 | ) |  | — |  |  | (4 | ) |  | — |  |  | (53 | )
Other income (expenses) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Gain (loss) from subsidiaries | (37 | ) |  | 7 |  |  | — |  |  | — |  |  | 30 |  |  | — |
Total other income (expenses), net | (37 | ) |  | (1 | ) |  | — |  |  | 3 |  |  | 30 |  |  | (5 | )
Income (loss) before income tax expense (benefit) | (64 | ) |  | (57 | ) |  | 3 |  |  | 5 |  |  | 30 |  |  | (83 | )
Less: Income tax expense (benefit) | — |  |  | (20 | ) |  | — |  |  | 1 |  |  | — |  |  | (19 | )
Net income (loss) | (64 | ) |  | (37 | ) |  | 3 |  |  | 4 |  |  | 30 |  |  | (64 | )
Less: Net income attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | (64 | ) |  | $ | (37 | ) |  | $ | 3 |  |  | $ | 4 |  |  | $ | 30 |  |  | $ | (64 | )
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FOR THE PERIOD JANUARY 1 TO JULY 31, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 732 |  |  | $ | 16 |  |  | $ | 153 |  |  | $ | — |  |  | $ | 901 |
Net gain on mortgage loans held for sale | — |  |  | 295 |  |  | — |  |  | — |  |  | — |  |  | 295 |
Total revenues | — |  |  | 1,027 |  |  | 16 |  |  | 153 |  |  | — |  |  | 1,196 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 359 |  |  | 3 |  |  | 64 |  |  | — |  |  | 426 |
General and administrative | 27 |  |  | 427 |  |  | 1 |  |  | 64 |  |  | — |  |  | 519 |
Total expenses | 27 |  |  | 786 |  |  | 4 |  |  | 128 |  |  | — |  |  | 945 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 299 |  |  | — |  |  | 34 |  |  | — |  |  | 333 |
Interest expense | — |  |  | (364 | ) |  | — |  |  | (24 | ) |  | — |  |  | (388 | )
Other income (expense) | — |  |  | (3 | ) |  | — |  |  | 9 |  |  | — |  |  | 6 |
Gain (loss) from subsidiaries | 181 |  |  | 56 |  |  | — |  |  | — |  |  | (237 | ) |  | — |
Total other income (expenses), net | 181 |  |  | (12 | ) |  | — |  |  | 19 |  |  | (237 | ) |  | (49 | )
Income (loss) before income tax expense (benefit) | 154 |  |  | 229 |  |  | 12 |  |  | 44 |  |  | (237 | ) |  | 202 |
Less: income tax expense (benefit) | — |  |  | 48 |  |  | — |  |  | — |  |  | — |  |  | 48 |
Net income (loss) | 154 |  |  | 181 |  |  | 12 |  |  | 44 |  |  | (237 | ) |  | 154 |
Less: net loss attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | 154 |  |  | $ | 181 |  |  | $ | 12 |  |  | $ | 44 |  |  | $ | (237 | ) |  | $ | 154 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2017
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 181 |  |  | $ | 7 |  |  | $ | 64 |  |  | $ | — |  |  | $ | 252 |
Net gain on mortgage loans held for sale | — |  |  | 153 |  |  | — |  |  | 1 |  |  | — |  |  | 154 |
Total revenues | — |  |  | 334 |  |  | 7 |  |  | 65 |  |  | — |  |  | 406 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and benefits | — |  |  | 153 |  |  | 1 |  |  | 29 |  |  | — |  |  | 183 |
General and administrative | — |  |  | 154 |  |  | 4 |  |  | 27 |  |  | — |  |  | 185 |
Total expenses | — |  |  | 307 |  |  | 5 |  |  | 56 |  |  | — |  |  | 368 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 147 |  |  | — |  |  | 12 |  |  | — |  |  | 159 |
Interest expense | — |  |  | (170 | ) |  | — |  |  | (13 | ) |  | — |  |  | (183 | )
Other expenses | — |  |  | (3 | ) |  | — |  |  | 1 |  |  | — |  |  | (2 | )
Gain (loss) from subsidiaries | 7 |  |  | 11 |  |  | — |  |  | — |  |  | (18 | ) |  | — |
Total other income (expenses), net | 7 |  |  | (15 | ) |  | — |  |  | — |  |  | (18 | ) |  | (26 | )
Income (loss) before income tax expense (benefit) | 7 |  |  | 12 |  |  | 2 |  |  | 9 |  |  | (18 | ) |  | 12 |
Less: Income tax benefit | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Net income (loss) | 7 |  |  | 7 |  |  | 2 |  |  | 9 |  |  | (18 | ) |  | 7 |
Less: Net income attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | 7 |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | (18 | ) |  | $ | 7 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED SEPTEMBER 30, 2017
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 497 |  |  | $ | 21 |  |  | $ | 230 |  |  | $ | — |  |  | $ | 748 |
Net gain on mortgage loans held for sale | — |  |  | 464 |  |  | — |  |  | 1 |  |  | — |  |  | 465 |
Total Revenues | — |  |  | 961 |  |  | 21 |  |  | 231 |  |  | — |  |  | 1,213 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and benefits | — |  |  | 451 |  |  | 3 |  |  | 103 |  |  | — |  |  | 557 |
General and administrative | — |  |  | 435 |  |  | 10 |  |  | 102 |  |  | — |  |  | 547 |
Total expenses | — |  |  | 886 |  |  | 13 |  |  | 205 |  |  | — |  |  | 1,104 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 398 |  |  | — |  |  | 39 |  |  | — |  |  | 437 |
Interest expense | — |  |  | (522 | ) |  | — |  |  | (42 | ) |  | — |  |  | (564 | )
Other expense | — |  |  | (5 | ) |  | — |  |  | 9 |  |  | — |  |  | 4 |
Gain (loss) from subsidiaries | (11 | ) |  | 40 |  |  | — |  |  | — |  |  | (29 | ) |  | — |
Total other income (expenses), net | (11 | ) |  | (89 | ) |  | — |  |  | 6 |  |  | (29 | ) |  | (123 | )
Income (loss) before taxes | (11 | ) |  | (14 | ) |  | 8 |  |  | 32 |  |  | (29 | ) |  | (14 | )
Income tax benefit | — |  |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Net income (loss) | (11 | ) |  | (10 | ) |  | 8 |  |  | 32 |  |  | (29 | ) |  | (10 | )
Less: net income attributable to non-controlling interests | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Net income (loss) attributable to Nationstar | $ | (11 | ) |  | $ | (11 | ) |  | $ | 8 |  |  | $ | 32 |  |  | $ | (29 | ) |  | $ | (11 | )
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
Consolidating Statement of Cash Flows |
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2017
|  | Predecessor
|  | Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Nationstar |  | $ | (11 | ) |  | $ | (11 | ) |  | $ | 8 |  |  | $ | 32 |  |  | $ | (29 | ) |  | $ | (11 | )
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to non-controlling interests |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
(Gain) loss from subsidiaries |  | 11 |  |  | (40 | ) |  | — |  |  | — |  |  | 29 |  |  | — |
Net gain on mortgage loans held for sale |  | — |  |  | (464 | ) |  | — |  |  | (1 | ) |  | — |  |  | (465 | )
Reverse mortgage loan interest income |  | — |  |  | (370 | ) |  | — |  |  | — |  |  | — |  |  | (370 | )
(Gain) loss on sale of assets |  | — |  |  | 1 |  |  | — |  |  | (9 | ) |  | — |  |  | (8 | )
Provision for servicing reserves |  | — |  |  | 97 |  |  | — |  |  | — |  |  | — |  |  | 97 |
Fair value changes and amortization of mortgage servicing rights |  | — |  |  | 362 |  |  | — |  |  | — |  |  | — |  |  | 362 |
Fair value changes in excess spread financing |  | — |  |  | 2 |  |  | — |  |  | (2 | ) |  | — |  |  | — |
Fair value changes in mortgage servicing rights financing liability |  | — |  |  | (7 | ) |  | — |  |  | — |  |  | — |  |  | (7 | )
Amortization of premiums, net of discount accretion |  | — |  |  | 55 |  |  | — |  |  | 8 |  |  | — |  |  | 63 |
Depreciation and amortization for property and equipment and intangible assets |  | — |  |  | 33 |  |  | — |  |  | 11 |  |  | — |  |  | 44 |
Share-based compensation |  | — |  |  | 9 |  |  | — |  |  | 4 |  |  | — |  |  | 13 |
Other loss |  | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Repurchases of forward loans assets out of Ginnie Mae securitizations |  | — |  |  | (943 | ) |  | — |  |  | — |  |  | — |  |  | (943 | )
Mortgage loans originated and purchased for sale, net of fees |  | — |  |  | (14,002 | ) |  | — |  |  | — |  |  | — |  |  | (14,002 | )
Sale proceeds and loan payment proceeds for mortgage loans held for sale and held for investment |  | — |  |  | 15,459 |  |  | — |  |  | 13 |  |  | — |  |  | 15,472 |
Excess tax benefit from share-based compensation |  | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables |  | — |  |  | 71 |  |  | — |  |  | — |  |  | — |  |  | 71 |
Reverse mortgage interests |  | — |  |  | 1,451 |  |  | — |  |  | (225 | ) |  | — |  |  | 1,226 |
Other assets |  | 4 |  |  | (99 | ) |  | (9 | ) |  | 87 |  |  | — |  |  | (17 | )
Payables and accrued liabilities |  | — |  |  | (273 | ) |  | — |  |  | (11 | ) |  | — |  |  | (284 | )
Net cash attributable to operating activities |  | 4 |  |  | 1,336 |  |  | (1 | ) |  | (93 | ) |  | — |  |  | 1,246 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2017 (Continued)
|  | Predecessor
|  | Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions, net of disposals |  | — |  |  | (31 | ) |  | — |  |  | (3 | ) |  | — |  |  | (34 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred |  | — |  |  | (22 | ) |  | — |  |  | (6 | ) |  | — |  |  | (28 | )
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables |  | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Proceeds on sale of forward and reverse mortgage servicing rights |  | — |  |  | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Proceeds on sale of assets |  | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Net cash attributable to investing activities |  | — |  |  | 4 |  |  | — |  |  | (9 | ) |  | — |  |  | (5 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Increase in warehouse facilities |  | — |  |  | 351 |  |  | — |  |  | — |  |  | — |  |  | 351 |
Decrease in advance facilities |  | — |  |  | (93 | ) |  | — |  |  | (205 | ) |  | — |  |  | (298 | )
Proceeds from issuance of HECM securitizations |  | — |  |  | (1 | ) |  | — |  |  | 707 |  |  | — |  |  | 706 |
Repayment of HECM securitizations |  | — |  |  | — |  |  | — |  |  | (484 | ) |  | — |  |  | (484 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests |  | — |  |  | 437 |  |  | — |  |  | — |  |  | — |  |  | 437 |
Repayment of participating interest financing in reverse mortgage interests |  | — |  |  | (1,928 | ) |  | — |  |  | — |  |  | — |  |  | (1,928 | )
Repayment of excess spread financing |  | — |  |  | (9 | ) |  | — |  |  | — |  |  | — |  |  | (9 | )
Settlement of excess spread financing |  | — |  |  | (159 | ) |  | — |  |  | — |  |  | — |  |  | (159 | )
Repayment of nonrecourse debt - legacy assets |  | — |  |  | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Repurchase of unsecured senior notes |  | — |  |  | (122 | ) |  | — |  |  | — |  |  | — |  |  | (122 | )
Surrender of shares relating to stock vesting |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (4 | )
Debt financing costs |  | — |  |  | (11 | ) |  | — |  |  | — |  |  | — |  |  | (11 | )
Dividends to non-controlling interests |  | — |  |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | (5 | )
Net cash attributable to financing activities |  | (4 | ) |  | (1,540 | ) |  | — |  |  | 6 |  |  | — |  |  | (1,538 | )
Net increase (decrease) in cash, cash equivalents, and restricted cash |  | — |  |  | (200 | ) |  | (1 | ) |  | (96 | ) |  | — |  |  | (297 | )
Cash, cash equivalents, and restricted cash - beginning of period |  | — |  |  | 612 |  |  | 2 |  |  | 263 |  |  | — |  |  | 877 |
Cash, cash equivalents, and restricted cash - end of period |  | $ | — |  |  | $ | 412 |  |  | $ | 1 |  |  | $ | 167 |  |  | $ | — |  |  | $ | 580 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Nationstar | $ | 1,020 |  |  | $ | 56 |  |  | $ | 2 |  |  | $ | (1 | ) |  | $ | (57 | ) |  | $ | 1,020 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
Deferred tax | (990 | ) |  | 52 |  |  | — |  |  | 7 |  |  | — |  |  | (931 | )
(Gain) loss from subsidiaries | (56 | ) |  | (1 | ) |  | — |  |  | — |  |  | 57 |  |  | — |
Net gain on mortgage loans held for sale | — |  |  | (83 | ) |  | — |  |  | — |  |  | — |  |  | (83 | )
Reverse mortgage loan interest income | — |  |  | (72 | ) |  | — |  |  | — |  |  | — |  |  | (72 | )
Provision for servicing reserves | — |  |  | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Fair value changes and amortization of mortgage servicing rights | — |  |  | (27 | ) |  | — |  |  | — |  |  | — |  |  | (27 | )
Fair value changes in excess spread financing | — |  |  | 26 |  |  | — |  |  | — |  |  | — |  |  | 26 |
Amortization of premiums, net of discount accretion | 1 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 13 |  |  | — |  |  | 2 |  |  | — |  |  | 15 |
Share-based compensation | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (223 | ) |  | — |  |  | — |  |  | — |  |  | (223 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (3,458 | ) |  | — |  |  | — |  |  | — |  |  | (3,458 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 3,537 |  |  | — |  |  | 9 |  |  | — |  |  | 3,546 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 76 |  |  | — |  |  | — |  |  | — |  |  | 76 |
Reverse mortgage interests | — |  |  | 425 |  |  | — |  |  | 17 |  |  | — |  |  | 442 |
Other assets | — |  |  | 25 |  |  | (3 | ) |  | (37 | ) |  | — |  |  | (15 | )
Payables and accrued liabilities | 19 |  |  | (179 | ) |  | 1 |  |  | — |  |  | — |  |  | (159 | )
Net cash attributable to operating activities | (6 | ) |  | 185 |  |  | — |  |  | (3 | ) |  | — |  |  | 176 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2018 (Continued)
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Acquisition, net of cash acquired | — |  |  | — |  |  | — |  |  | (33 | ) |  | — |  |  | (33 | )
Property and equipment additions, net of disposals | — |  |  | (20 | ) |  | — |  |  | 6 |  |  | — |  |  | (14 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (63 | ) |  | — |  |  | — |  |  | — |  |  | (63 | )
Proceeds on sale of forward and reverse mortgage servicing rights | — |  |  | 60 |  |  | — |  |  | — |  |  | — |  |  | 60 |
Net cash attributable to investing activities | — |  |  | (23 | ) |  | — |  |  | (27 | ) |  | — |  |  | (50 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase in warehouse facilities | — |  |  | 186 |  |  | — |  |  | — |  |  | — |  |  | 186 |
(Decrease) increase in advance facilities | — |  |  | (17 | ) |  | — |  |  | 63 |  |  | — |  |  | 46 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (91 | ) |  | — |  |  | (91 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests | — |  |  | 45 |  |  | — |  |  | — |  |  | — |  |  | 45 |
Repayment of participating interest financing in reverse mortgage interests | — |  |  | (403 | ) |  | — |  |  | — |  |  | — |  |  | (403 | )
Proceeds from issuance of excess spread financing | — |  |  | 84 |  |  | — |  |  | — |  |  | — |  |  | 84 |
Repayment of excess spread financing | — |  |  | (21 | ) |  | — |  |  | — |  |  | — |  |  | (21 | )
Settlement of excess spread financing | — |  |  | (31 | ) |  | — |  |  | — |  |  | — |  |  | (31 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Redemption and repayment of unsecured senior notes | — |  |  | (1,030 | ) |  | — |  |  | — |  |  | — |  |  | (1,030 | )
Debt financing costs | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net cash attributable to financing activities | — |  |  | (1,188 | ) |  | — |  |  | (31 | ) |  | — |  |  | (1,219 | )
Net decrease in cash, cash equivalents, and restricted cash | (6 | ) |  | (1,026 | ) |  | — |  |  | (61 | ) |  | — |  |  | (1,093 | )
Cash, cash equivalents, and restricted cash - beginning of period | 11 |  |  | 1,358 |  |  | 1 |  |  | 253 |  |  | — |  |  | 1,623 |
Cash, cash equivalents, and restricted cash - end of period | $ | 5 |  |  | $ | 332 |  |  | $ | 1 |  |  | $ | 192 |  |  | $ | — |  |  | $ | 530 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD JANUARY 1 TO JULY 31, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Nationstar | $ | 154 |  |  | $ | 181 |  |  | $ | 12 |  |  | $ | 44 |  |  | $ | (237 | ) |  | $ | 154 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
(Gain) loss from subsidiaries | (181 | ) |  | (56 | ) |  | — |  |  | — |  |  | 237 |  |  | — |
Net gain on mortgage loans held for sale | — |  |  | (295 | ) |  | — |  |  | — |  |  | — |  |  | (295 | )
Reverse mortgage loan interest income | — |  |  | (274 | ) |  | — |  |  | — |  |  | — |  |  | (274 | )
Gain on sale of assets | — |  |  | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
MSL related increased obligation | — |  |  | 59 |  |  | — |  |  | — |  |  | — |  |  | 59 |
Provision for servicing reserves | — |  |  | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Fair value changes and amortization of mortgage servicing rights | — |  |  | (178 | ) |  | — |  |  | 1 |  |  | — |  |  | (177 | )
Fair value changes in excess spread financing | — |  |  | 81 |  |  | — |  |  | — |  |  | — |  |  | 81 |
Fair value changes in mortgage servicing rights financing liability | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Amortization of premiums, net of discount accretion | — |  |  | 11 |  |  | — |  |  | (3 | ) |  | — |  |  | 8 |
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 26 |  |  | — |  |  | 7 |  |  | — |  |  | 33 |
Share-based compensation | — |  |  | 16 |  |  | — |  |  | 1 |  |  | — |  |  | 17 |
Other (gain) loss | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (544 | ) |  | — |  |  | — |  |  | — |  |  | (544 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (12,328 | ) |  | — |  |  | — |  |  | — |  |  | (12,328 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 13,381 |  |  | — |  |  | 11 |  |  | — |  |  | 13,392 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 377 |  |  | — |  |  | — |  |  | — |  |  | 377 |
Reverse mortgage interests | — |  |  | 1,866 |  |  | — |  |  | (265 | ) |  | — |  |  | 1,601 |
Other assets | 9 |  |  | (293 | ) |  | (12 | ) |  | 255 |  |  | — |  |  | (41 | )
Payables and accrued liabilities | 27 |  |  | 128 |  |  | — |  |  | (4 | ) |  | — |  |  | 151 |
Net cash attributable to operating activities | 9 |  |  | 2,247 |  |  | — |  |  | 38 |  |  | — |  |  | 2,294 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE PERIOD JANUARY 1 TO JULY 31, 2018 (Continued)
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions, net of disposals | — |  |  | (35 | ) |  | — |  |  | (5 | ) |  | — |  |  | (40 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (127 | ) |  | — |  |  | (7 | ) |  | — |  |  | (134 | )
Net payment related to acquisition of HECM related receivables | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Proceeds on sale of assets | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Net cash attributable to investing activities | — |  |  | (163 | ) |  | — |  |  | 1 |  |  | — |  |  | (162 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Decrease in warehouse facilities | — |  |  | (585 | ) |  | — |  |  | — |  |  | — |  |  | (585 | )
Decrease in advance facilities | — |  |  | (55 | ) |  | — |  |  | (250 | ) |  | — |  |  | (305 | )
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 759 |  |  | — |  |  | 759 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (448 | ) |  | — |  |  | (448 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests | — |  |  | 208 |  |  | — |  |  | — |  |  | — |  |  | 208 |
Repayment of participating interest financing in reverse mortgage interests | — |  |  | (1,599 | ) |  | — |  |  | — |  |  | — |  |  | (1,599 | )
Proceeds from issuance of excess spread financing | — |  |  | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Repayment of excess spread financing | — |  |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | (3 | )
Settlement of excess spread financing | — |  |  | (105 | ) |  | — |  |  | — |  |  | — |  |  | (105 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Repurchase of unsecured senior notes | — |  |  | (62 | ) |  | — |  |  | — |  |  | — |  |  | (62 | )
Surrender of shares relating to stock vesting | (9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (9 | )
Debt financing costs | — |  |  | (24 | ) |  | — |  |  | — |  |  | — |  |  | (24 | )
Dividends to non-controlling interests | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net cash attributable to financing activities | (9 | ) |  | (2,156 | ) |  | — |  |  | 54 |  |  | — |  |  | (2,111 | )
Net (decrease) increase in cash, cash equivalents, and restricted cash | — |  |  | (72 | ) |  | — |  |  | 93 |  |  | — |  |  | 21 |
Cash, cash equivalents, and restricted cash - beginning of period | — |  |  | 423 |  |  | 1 |  |  | 151 |  |  | — |  |  | 575 |
Cash, cash equivalents, and restricted cash - end of period | $ | — |  |  | $ | 351 |  |  | $ | 1 |  |  | $ | 244 |  |  | $ | — |  |  | $ | 596 |
(1) Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

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