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Guarantor Financial Statement Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Consolidating Balance Sheet |
MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 193 |  |  | $ | 1 |  |  | $ | 48 |  |  | $ | — |  |  | $ | 242 |
Restricted cash | — |  |  | 186 |  |  | — |  |  | 133 |  |  | — |  |  | 319 |
Mortgage servicing rights | — |  |  | 3,644 |  |  | — |  |  | 32 |  |  | — |  |  | 3,676 |
Advances and other receivables, net | — |  |  | 1,194 |  |  | — |  |  | — |  |  | — |  |  | 1,194 |
Reverse mortgage interests, net | — |  |  | 6,770 |  |  | — |  |  | 1,164 |  |  | — |  |  | 7,934 |
Mortgage loans held for sale at fair value | — |  |  | 1,631 |  |  | — |  |  | — |  |  | — |  |  | 1,631 |
Mortgage loans held for investment at fair value | — |  |  | 1 |  |  | — |  |  | 118 |  |  | — |  |  | 119 |
Property and equipment, net | — |  |  | 84 |  |  | — |  |  | 12 |  |  | — |  |  | 96 |
Deferred tax asset, net | 973 |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | 967 |
Other assets | — |  |  | 660 |  |  | 202 |  |  | 621 |  |  | (688 | ) |  | 795 |
Investment in subsidiaries | 2,820 |  |  | 601 |  |  | — |  |  | — |  |  | (3,421 | ) |  | — |
Total assets | $ | 3,793 |  |  | $ | 14,964 |  |  | $ | 203 |  |  | $ | 2,122 |  |  | $ | (4,109 | ) |  | $ | 16,973 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |
Unsecured senior notes, net | $ | 1,660 |  |  | $ | 799 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,459 |
Advance facilities, net | — |  |  | 90 |  |  | — |  |  | 505 |  |  | — |  |  | 595 |
Warehouse facilities, net | — |  |  | 2,349 |  |  | — |  |  | — |  |  | — |  |  | 2,349 |
Payables and other liabilities | 49 |  |  | 1,413 |  |  | 1 |  |  | 80 |  |  | — |  |  | 1,543 |
MSR related liabilities - nonrecourse at fair value | — |  |  | 1,197 |  |  | — |  |  | 19 |  |  | — |  |  | 1,216 |
Mortgage servicing liabilities | — |  |  | 71 |  |  | — |  |  | — |  |  | — |  |  | 71 |
Other nonrecourse debt, net | — |  |  | 5,676 |  |  | — |  |  | 1,119 |  |  | — |  |  | 6,795 |
Payables to affiliates | 139 |  |  | 549 |  |  | — |  |  | — |  |  | (688 | ) |  | — |
Total liabilities | 1,848 |  |  | 12,144 |  |  | 1 |  |  | 1,723 |  |  | (688 | ) |  | 15,028 |
Total stockholders’ equity | 1,945 |  |  | 2,820 |  |  | 202 |  |  | 399 |  |  | (3,421 | ) |  | 1,945 |
Total liabilities and stockholders’ equity | $ | 3,793 |  |  | $ | 14,964 |  |  | $ | 203 |  |  | $ | 2,122 |  |  | $ | (4,109 | ) |  | $ | 16,973 |
(1) | Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET JUNE 30, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 215 |  |  | $ | 1 |  |  | $ | 29 |  |  | $ | — |  |  | $ | 245 |
Restricted cash | — |  |  | 204 |  |  | — |  |  | 100 |  |  | — |  |  | 304 |
Mortgage servicing rights | — |  |  | 3,484 |  |  | — |  |  | 27 |  |  | — |  |  | 3,511 |
Advances and other receivables, net | — |  |  | 1,000 |  |  | — |  |  | — |  |  | — |  |  | 1,000 |
Reverse mortgage interests, net | — |  |  | 6,003 |  |  | — |  |  | 1,107 |  |  | — |  |  | 7,110 |
Mortgage loans held for sale at fair value | — |  |  | 3,422 |  |  | — |  |  | — |  |  | — |  |  | 3,422 |
Mortgage loans held for investment at fair value | — |  |  | 2 |  |  | — |  |  | 112 |  |  | — |  |  | 114 |
Property and equipment, net | — |  |  | 99 |  |  | — |  |  | 16 |  |  | — |  |  | 115 |
Deferred tax asset, net | 984 |  |  | 69 |  |  | — |  |  | 2 |  |  | — |  |  | 1,055 |
Other assets | — |  |  | 1,399 |  |  | 208 |  |  | 661 |  |  | (739 | ) |  | 1,529 |
Investment in subsidiaries | 2,557 |  |  | 612 |  |  | — |  |  | — |  |  | (3,169 | ) |  | — |
Total assets | $ | 3,541 |  |  | $ | 16,509 |  |  | $ | 209 |  |  | $ | 2,054 |  |  | $ | (3,908 | ) |  | $ | 18,405 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |
Unsecured senior notes, net | $ | 1,663 |  |  | $ | 799 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,462 |
Advance facilities, net | — |  |  | 89 |  |  | — |  |  | 478 |  |  | — |  |  | 567 |
Warehouse facilities, net | — |  |  | 4,045 |  |  | — |  |  | — |  |  | — |  |  | 4,045 |
Payables and other liabilities | 59 |  |  | 1,999 |  |  | 2 |  |  | 56 |  |  | — |  |  | 2,116 |
MSR related liabilities - nonrecourse at fair value | — |  |  | 1,456 |  |  | — |  |  | 16 |  |  | — |  |  | 1,472 |
Mortgage servicing liabilities | — |  |  | 80 |  |  | — |  |  | — |  |  | — |  |  | 80 |
Other nonrecourse debt, net | — |  |  | 4,890 |  |  | — |  |  | 1,095 |  |  | — |  |  | 5,985 |
Payables to affiliates | 141 |  |  | 594 |  |  | — |  |  | 4 |  |  | (739 | ) |  | — |
Total liabilities | 1,863 |  |  | 13,952 |  |  | 2 |  |  | 1,649 |  |  | (739 | ) |  | 16,727 |
Total stockholders’ equity | 1,678 |  |  | 2,557 |  |  | 207 |  |  | 405 |  |  | (3,169 | ) |  | 1,678 |
Total liabilities and stockholders’ equity | $ | 3,541 |  |  | $ | 16,509 |  |  | $ | 209 |  |  | $ | 2,054 |  |  | $ | (3,908 | ) |  | $ | 18,405 |
(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 THREE MONTHS ENDED JUNE 30, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 247 |  |  | $ | 7 |  |  | $ | 63 |  |  | $ | — |  |  | $ | 317 |
Net gain on mortgage loans held for sale | — |  |  | 127 |  |  | — |  |  | — |  |  | — |  |  | 127 |
Total Revenues | — |  |  | 374 |  |  | 7 |  |  | 63 |  |  | — |  |  | 444 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and benefits | — |  |  | 149 |  |  | 1 |  |  | 27 |  |  | — |  |  | 177 |
General and administrative | — |  |  | 134 |  |  | — |  |  | 28 |  |  | — |  |  | 162 |
Total expenses | — |  |  | 283 |  |  | 1 |  |  | 55 |  |  | — |  |  | 339 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 127 |  |  | — |  |  | 13 |  |  | — |  |  | 140 |
Interest expense | — |  |  | (153 | ) |  | — |  |  | (11 | ) |  | — |  |  | (164 | )
Other expense | — |  |  | (3 | ) |  | — |  |  | 1 |  |  | — |  |  | (2 | )
Gain (loss) from subsidiaries | 58 |  |  | 18 |  |  | — |  |  | — |  |  | (76 | ) |  | — |
Total other income (expenses), net | 58 |  |  | (11 | ) |  | — |  |  | 3 |  |  | (76 | ) |  | (26 | )
Income (loss) before income tax expense (benefit) | 58 |  |  | 80 |  |  | 6 |  |  | 11 |  |  | (76 | ) |  | 79 |
Less: Income tax expense (benefit) | — |  |  | 22 |  |  | — |  |  | (1 | ) |  | — |  |  | 21 |
Net income (loss) | 58 |  |  | 58 |  |  | 6 |  |  | 12 |  |  | (76 | ) |  | 58 |
Less: Net income (loss) attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | 58 |  |  | $ | 58 |  |  | $ | 6 |  |  | $ | 12 |  |  | $ | (76 | ) |  | $ | 58 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS SIX MONTHS ENDED JUNE 30, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 637 |  |  | $ | 13 |  |  | $ | 131 |  |  | $ | — |  |  | $ | 781 |
Net gain on mortgage loans held for sale | — |  |  | 251 |  |  | — |  |  | — |  |  | — |  |  | 251 |
Total Revenues | — |  |  | 888 |  |  | 13 |  |  | 131 |  |  | — |  |  | 1,032 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and benefits | — |  |  | 301 |  |  | 2 |  |  | 54 |  |  | — |  |  | 357 |
General and administrative | — |  |  | 290 |  |  | 1 |  |  | 55 |  |  | — |  |  | 346 |
Total expenses | — |  |  | 591 |  |  | 3 |  |  | 109 |  |  | — |  |  | 703 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 258 |  |  | — |  |  | 27 |  |  | — |  |  | 285 |
Interest expense | — |  |  | (315 | ) |  | — |  |  | (20 | ) |  | — |  |  | (335 | )
Other expense | — |  |  | (4 | ) |  | — |  |  | 10 |  |  | — |  |  | 6 |
Gain (loss) from subsidiaries | 218 |  |  | 50 |  |  | — |  |  | — |  |  | (268 | ) |  | — |
Total other income (expenses), net | 218 |  |  | (11 | ) |  | — |  |  | 17 |  |  | (268 | ) |  | (44 | )
Income (loss) before income tax expense (benefit) | 218 |  |  | 286 |  |  | 10 |  |  | 39 |  |  | (268 | ) |  | 285 |
Less: Income tax expense (benefit) | — |  |  | 68 |  |  | — |  |  | (1 | ) |  | — |  |  | 67 |
Net income (loss) | 218 |  |  | 218 |  |  | 10 |  |  | 40 |  |  | (268 | ) |  | 218 |
Less: Net income (loss) attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | 218 |  |  | $ | 218 |  |  | $ | 10 |  |  | $ | 40 |  |  | $ | (268 | ) |  | $ | 218 |
(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 JUNE 30, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 21 |  |  | $ | 5 |  |  | $ | 111 |  |  | $ | — |  |  | $ | 137 |
Net gain on mortgage loans held for sale | — |  |  | 262 |  |  | — |  |  | — |  |  | — |  |  | 262 |
Total revenues | — |  |  | 283 |  |  | 5 |  |  | 111 |  |  | — |  |  | 399 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 198 |  |  | 1 |  |  | 39 |  |  | — |  |  | 238 |
General and administrative | — |  |  | 179 |  |  | 1 |  |  | 74 |  |  | — |  |  | 254 |
Total expenses | — |  |  | 377 |  |  | 2 |  |  | 113 |  |  | — |  |  | 492 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 147 |  |  | — |  |  | 15 |  |  | — |  |  | 162 |
Interest expense | (39 | ) |  | (134 | ) |  | — |  |  | (14 | ) |  | — |  |  | (187 | )
Other income (expenses) | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
(Loss) gain from subsidiaries | (48 | ) |  | 2 |  |  | — |  |  | — |  |  | 46 |  |  | — |
Total other income (expenses), net | (87 | ) |  | 16 |  |  | — |  |  | 1 |  |  | 46 |  |  | (24 | )
(Loss) income before income tax benefit | (87 | ) |  | (78 | ) |  | 3 |  |  | (1 | ) |  | 46 |  |  | (117 | )
Less: Income tax benefit | — |  |  | (29 | ) |  | — |  |  | — |  |  | — |  |  | (29 | )
Net (loss) income | (87 | ) |  | (49 | ) |  | 3 |  |  | (1 | ) |  | 46 |  |  | (88 | )
Less: Net loss attributable to non-controlling interests | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net (loss) income attributable to Mr. Cooper | $ | (87 | ) |  | $ | (48 | ) |  | $ | 3 |  |  | $ | (1 | ) |  | $ | 46 |  |  | $ | (87 | )
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS SIX MONTHS ENDED JUNE 30, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 2 |  |  | $ | 11 |  |  | $ | 208 |  |  | $ | — |  |  | $ | 221 |
Net gain on mortgage loans held for sale | — |  |  | 428 |  |  | — |  |  | — |  |  | — |  |  | 428 |
Total revenues | — |  |  | 430 |  |  | 11 |  |  | 208 |  |  | — |  |  | 649 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 372 |  |  | 2 |  |  | 79 |  |  | — |  |  | 453 |
General and administrative | — |  |  | 344 |  |  | 2 |  |  | 136 |  |  | — |  |  | 482 |
Total expenses | — |  |  | 716 |  |  | 4 |  |  | 215 |  |  | — |  |  | 935 |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 265 |  |  | — |  |  | 31 |  |  | — |  |  | 296 |
Interest expense | (77 | ) |  | (268 | ) |  | — |  |  | (31 | ) |  | — |  |  | (376 | )
Other income (expenses) | — |  |  | 5 |  |  | — |  |  | 11 |  |  | — |  |  | 16 |
(Loss) gain from subsidiaries | (196 | ) |  | 11 |  |  | — |  |  | — |  |  | 185 |  |  | — |
Total other income (expenses), net | (273 | ) |  | 13 |  |  | — |  |  | 11 |  |  | 185 |  |  | (64 | )
(Loss) income before income tax benefit | (273 | ) |  | (273 | ) |  | 7 |  |  | 4 |  |  | 185 |  |  | (350 | )
Less: Income tax benefit | — |  |  | (76 | ) |  | — |  |  | — |  |  | — |  |  | (76 | )
Net (loss) income | (273 | ) |  | (197 | ) |  | 7 |  |  | 4 |  |  | 185 |  |  | (274 | )
Less: Net loss attributable to non-controlling interests | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net (loss) income attributable to Mr. Cooper | $ | (273 | ) |  | $ | (196 | ) |  | $ | 7 |  |  | $ | 4 |  |  | $ | 185 |  |  | $ | (273 | )
(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 SIX MONTHS ENDED JUNE 30, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Nationstar | $ | 218 |  |  | $ | 218 |  |  | $ | 10 |  |  | $ | 40 |  |  | $ | (268 | ) |  | $ | 218 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
Deferred income tax expense (benefit) | — |  |  | 41 |  |  | — |  |  | (1 | ) |  | — |  |  | 40 |
(Gain) loss from subsidiaries | (218 | ) |  | (50 | ) |  | — |  |  | — |  |  | 268 |  |  | — |
Net gain on mortgage loans held for sale | — |  |  | (251 | ) |  | — |  |  | — |  |  | — |  |  | (251 | )
Interest income on reverse mortgage loan | — |  |  | (237 | ) |  | — |  |  | — |  |  | — |  |  | (237 | )
Gain on sale of assets | — |  |  | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
Provision for servicing reserves | — |  |  | 54 |  |  | — |  |  | — |  |  | — |  |  | 54 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | — |  |  | (155 | ) |  | — |  |  | — |  |  | — |  |  | (155 | )
Fair value changes in excess spread financing | — |  |  | 73 |  |  | — |  |  | 1 |  |  | — |  |  | 74 |
Fair value changes in mortgage servicing rights financing liability | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Amortization of premiums, net of discount accretion | — |  |  | 9 |  |  | — |  |  | (3 | ) |  | — |  |  | 6 |
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 23 |  |  | — |  |  | 6 |  |  | — |  |  | 29 |
Share-based compensation | — |  |  | 7 |  |  | — |  |  | 1 |  |  | — |  |  | 8 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (475 | ) |  | — |  |  | — |  |  | — |  |  | (475 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (10,639 | ) |  | — |  |  | — |  |  | — |  |  | (10,639 | )
Sale proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 11,490 |  |  | — |  |  | 10 |  |  | — |  |  | 11,500 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 355 |  |  | — |  |  | — |  |  | — |  |  | 355 |
Reverse mortgage interests | — |  |  | 1,314 |  |  | — |  |  | 12 |  |  | — |  |  | 1,326 |
Other assets | 6 |  |  | (188 | ) |  | (10 | ) |  | 202 |  |  | — |  |  | 10 |
Payables and other liabilities | — |  |  | 13 |  |  | — |  |  | (4 | ) |  | — |  |  | 9 |
Net cash attributable to operating activities | 6 |  |  | 1,608 |  |  | — |  |  | 255 |  |  | — |  |  | 1,869 |
(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 SIX MONTHS ENDED JUNE 30, 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 | — |  |  | (27 | ) |  | — |  |  | (4 | ) |  | — |  |  | (31 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (117 | ) |  | — |  |  | (6 | ) |  | — |  |  | (123 | )
Net payment related to acquisition of HECM related receivables | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Proceeds on sale of assets | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Net cash attributable to investing activities | — |  |  | (145 | ) |  | — |  |  | 3 |  |  | — |  |  | (142 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase in warehouse facilities | — |  |  | (199 | ) |  | — |  |  | — |  |  | — |  |  | (199 | )
Decrease in advance facilities | — |  |  | (57 | ) |  | — |  |  | (282 | ) |  | — |  |  | (339 | )
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 443 |  |  | — |  |  | 443 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (423 | ) |  | — |  |  | (423 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests | — |  |  | 184 |  |  | — |  |  | — |  |  | — |  |  | 184 |
Repayment of participating interest financing in reverse mortgage interests | — |  |  | (1,368 | ) |  | — |  |  | — |  |  | — |  |  | (1,368 | )
Repayment of excess spread financing | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Settlement of excess spread financing | — |  |  | (91 | ) |  | — |  |  | — |  |  | — |  |  | (91 | )
Proceeds from issuance of excess spread financing | — |  |  | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Repurchase of unsecured senior notes | — |  |  | (62 | ) |  | — |  |  | — |  |  | — |  |  | (62 | )
Surrender of shares relating to stock vesting | (6 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (6 | )
Debt financing costs | — |  |  | (7 | ) |  | — |  |  | — |  |  | — |  |  | (7 | )
Dividends to non-controlling interests | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net cash attributable to financing activities | (6 | ) |  | (1,533 | ) |  | — |  |  | (268 | ) |  | — |  |  | (1,807 | )
Net decrease in cash, cash equivalents, and restricted cash | — |  |  | (70 | ) |  | — |  |  | (10 | ) |  | — |  |  | (80 | )
Cash, cash equivalents, and restricted cash - beginning of period | — |  |  | 423 |  |  | 1 |  |  | 151 |  |  | — |  |  | 575 |
Cash, cash equivalents, and restricted cash - end of period | $ | — |  |  | $ | 353 |  |  | $ | 1 |  |  | $ | 141 |  |  | $ | — |  |  | $ | 495 |
(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 SIX MONTHS ENDED JUNE 30, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Mr. Cooper | $ | (273 | ) |  | $ | (196 | ) |  | $ | 7 |  |  | $ | 4 |  |  | $ | 185 |  |  | $ | (273 | )
Adjustments to reconcile net (loss) income to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
Deferred tax benefit | — |  |  | (76 | ) |  | — |  |  | — |  |  | — |  |  | (76 | )
Net income attributable to non-controlling interests | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Loss (gain) from subsidiaries | 196 |  |  | (11 | ) |  | — |  |  | — |  |  | (185 | ) |  | — |
Net gain on mortgage loans held for sale | — |  |  | (428 | ) |  | — |  |  | — |  |  | — |  |  | (428 | )
Interest income on reverse mortgage loan | — |  |  | (167 | ) |  | — |  |  | — |  |  | — |  |  | (167 | )
Provision for servicing reserves | — |  |  | 30 |  |  | — |  |  | — |  |  | — |  |  | 30 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | — |  |  | 690 |  |  | — |  |  | 5 |  |  | — |  |  | 695 |
Fair value changes in excess spread financing | — |  |  | (71 | ) |  | — |  |  | (3 | ) |  | — |  |  | (74 | )
Fair value changes in mortgage servicing rights financing liability | — |  |  | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Fair value changes in mortgage loans held for investment | — |  |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Amortization of premiums, net of discount accretion | 3 |  |  | (28 | ) |  | — |  |  | — |  |  | — |  |  | (25 | )
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 37 |  |  | — |  |  | 8 |  |  | — |  |  | 45 |
Share-based compensation | — |  |  | 7 |  |  | — |  |  | 2 |  |  | — |  |  | 9 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (715 | ) |  | — |  |  | — |  |  | — |  |  | (715 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (15,727 | ) |  | — |  |  | — |  |  | — |  |  | (15,727 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 15,420 |  |  | — |  |  | 9 |  |  | — |  |  | 15,429 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 249 |  |  | — |  |  | — |  |  | — |  |  | 249 |
Reverse mortgage interests | — |  |  | 1,001 |  |  | — |  |  | 55 |  |  | — |  |  | 1,056 |
Other assets | — |  |  | (65 | ) |  | (8 | ) |  | (45 | ) |  | — |  |  | (118 | )
Payables and other liabilities | 74 |  |  | (16 | ) |  | 1 |  |  | (28 | ) |  | — |  |  | 31 |
Net cash attributable to operating activities | — |  |  | (56 | ) |  | — |  |  | 4 |  |  | — |  |  | (52 | )
(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 SIX MONTHS ENDED JUNE 30, 2019 (Continued)
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Acquisition, net of cash acquired | — |  |  | (85 | ) |  | — |  |  | — |  |  | — |  |  | (85 | )
Property and equipment additions, net of disposals | — |  |  | (20 | ) |  | — |  |  | (7 | ) |  | — |  |  | (27 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (409 | ) |  | — |  |  | — |  |  | — |  |  | (409 | )
Proceeds on sale of forward and reverse mortgage servicing rights | — |  |  | 279 |  |  | — |  |  | — |  |  | — |  |  | 279 |
Net cash attributable to investing activities | — |  |  | (235 | ) |  | — |  |  | (7 | ) |  | — |  |  | (242 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase in warehouse facilities | — |  |  | 1,173 |  |  | — |  |  | — |  |  | — |  |  | 1,173 |
Decrease in advance facilities | — |  |  | (13 | ) |  | — |  |  | (27 | ) |  | — |  |  | (40 | )
Repayment of notes payable | — |  |  | (294 | ) |  | — |  |  | — |  |  | — |  |  | (294 | )
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 398 |  |  | — |  |  | 398 |
Proceeds from sale of HECM securitizations | — |  |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (434 | ) |  | — |  |  | (434 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests | — |  |  | 156 |  |  | — |  |  | — |  |  | — |  |  | 156 |
Repayment of participating interest financing in reverse mortgage interests | — |  |  | (1,004 | ) |  | — |  |  | — |  |  | — |  |  | (1,004 | )
Proceeds from issuance of excess spread financing | — |  |  | 437 |  |  | — |  |  | — |  |  | — |  |  | 437 |
Repayment of excess spread financing | — |  |  | (12 | ) |  | — |  |  | — |  |  | — |  |  | (12 | )
Settlement of excess spread financing | — |  |  | (107 | ) |  | — |  |  | — |  |  | — |  |  | (107 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Repayment of finance lease liability | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Surrender of shares relating to stock vesting | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Debt financing costs | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net cash attributable to financing activities | — |  |  | 331 |  |  | — |  |  | (49 | ) |  | — |  |  | 282 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | — |  |  | 40 |  |  | — |  |  | (52 | ) |  | — |  |  | (12 | )
Cash, cash equivalents, and restricted cash - beginning of period | — |  |  | 379 |  |  | 1 |  |  | 181 |  |  | — |  |  | 561 |
Cash, cash equivalents, and restricted cash - end of period | $ | — |  |  | $ | 419 |  |  | $ | 1 |  |  | $ | 129 |  |  | $ | — |  |  | $ | 549 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

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