Mr. Cooper Group Inc

Mr. Cooper Group, Inc. engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio. The Originations segment provides refinance opportunities to the existing servicing customers through direct-to-consumer platform and purchases loans from originators through correspondent channel. The company was founded in 1889 and is headquartered in Coppell, TX.

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Mr. Cooper Group reports strong 2022 performance and eyes growth opportunities in MSR trading and technology implementation

Mr. Cooper Group Inc (COOP) had a successful 2022, showing growth in key metrics and strategic acquisitions. The company's focus on efficiency, optimism for 2023, and investment in technology position it well for future opportunities and profitability.

Mr. Cooper Group Inc excels in Q1 2023, eyes strategic growth

Mr. Cooper Group Inc's Q1 2023 earnings call highlighted strong financial performance, strategic acquisitions, and a focus on risk management and growth opportunities.
The company's emphasis on maintaining a strong balance sheet, efficient loan management, and disciplined capital allocation underscores its commitment to long-term success.
Challenges in balancing growth targets with return discipline and managing MSR risks are areas of focus for sustainable performance and value creation.
Opportunities in liquidity management, strategic acquisitions, and high-return MSR purchases position the company for continued growth and market leadership.

Mr. Cooper Group excels in Q2, eyes $1 trillion portfolio

Mr. Cooper Group's Q2 earnings call showcased strong financial performance, strategic investments in the servicing platform, and a focus on portfolio growth and cost reduction initiatives.
Certified as a Great Place to Work, the company's commitment to excellence is evident in its operational achievements and plans for future expansion and profitability.
While facing challenges such as managing prepay speeds and integration projects, Mr. Cooper Group is well-positioned to capitalize on growth opportunities in the DTC platform and servicing segment.

Mr. Cooper Group excels in Q3, eyes $1B MSR fund

Mr. Cooper Group Inc (COOP) showcased strong financial performance, strategic acquisitions, and operational capabilities in Q3 2023. Despite challenges in margin compression, the company's focus on high-return markets and delinquency improvements positions it well for future growth. With a $1 billion MSR fund in sight and readiness for larger acquisitions, Mr. Cooper Group is poised for continued success.

Mr. Cooper Group excels in Q4, eyes sustainable growth and subservicing expansion

Mr. Cooper Group's Q4 earnings call showcased strong performance, robust balance sheet, and confidence in growth strategies. Addressed challenges include sustaining growth and navigating stricter capital rules. Opportunities identified in maintaining sustainable growth and expanding subservicing deals.

Mr. Cooper Group Inc reports robust Q1 performance and growth opportunities

Mr. Cooper Group Inc's Q1 earnings call showcased strong financial performance, strategic technology investments, and a positive outlook for future growth. The company's disciplined approach to acquisitions and focus on operational efficiency position them well for continued success. Market opportunities in new product offerings and expanding servicing capabilities present avenues for further growth.

Mr. Cooper Group excels in Q2, eyes efficiency and growth

Mr. Cooper Group's Q2 earnings call showcased robust performance across servicing and originations segments, driven by operational excellence.
Strategic acquisitions and a focus on technology underscore the company's commitment to growth and efficiency in a competitive market landscape.
Challenges in MSR valuation and hedging strategies require careful management, while opportunities in sector consolidation and digital transformation offer avenues for future growth.
Maintaining a balance between operational efficiency, asset quality, and growth initiatives will be crucial for sustaining profitability and market leadership.

Mr. Cooper Group excels in Q3, eyes AI for growth

Mr. Cooper Group's strong performance in Q3 reflects robust financial health and strategic growth initiatives.
The company's focus on customer experience, operational efficiency, and growth opportunities positions it well for the future.
Challenges lie in maintaining profitability targets amidst market dynamics and effectively integrating AI technologies.
Overall, Mr. Cooper Group's proactive approach and solid fundamentals bode well for sustained success and value creation.

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SAN FRANCISCO, March 15, 2021 /PRNewswire/ -- Blend, a leader in digital lending software, today announced it has entered into a definitive agreement with Mr. Cooper Group, Inc. (NASDAQ: COOP) to acquire Title365, a top provider of title insurance and settlement services.

Blend to Acquire Title365 from Mr. Cooper Group

DALLAS--(BUSINESS WIRE)--Today Mr. Cooper Group Inc. (“Mr. Cooper Group”) announced the signing of a definitive agreement to sell its title business, which operates under the brand name Title365, to Blend Labs, Inc. for $500 million, consisting of $450 million in cash and a retained interest of 9.9%, subject to certain adjustments. The sale is expected to close in the second quarter of 2021, subject to customary conditions including regulatory approval. As part of the transaction, Title365 will

Mr. Cooper Group Announces Sale of Title365 for $500 Million

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Mr. Cooper Group Inc. (COOP) CEO Jay Bray on Q4 2020 Results - Earnings Call Transcript

Shares of Mr. Cooper Group (NASDAQ:COOP) rose 0.4% in pre-market trading after the company reported Q4 results.

Mr. Cooper Group: Q4 Earnings Insights

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), which principally operates under the Mr. Cooper® and Xome® brands, reported a fourth quarter net income of $191 million or $2.00 per diluted share. Net income included a negative $6 million in mark-to-market, and $85 million expense on redemption of unsecured senior notes (debt breakage costs). Excluding the mark-to-market, fair value amortization of $26 million, debt breakage costs, and other items, the Company repo

Mr. Cooper Group Reports Fourth Quarter 2020 Financial Results

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DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) announced today that Jay Bray, Chairman and Chief Executive Officer, and Chris Marshall, Vice Chairman and Chief Financial Officer, are scheduled to speak at the Credit Suisse Virtual Financial Services Forum on Thursday, February 25, 2021 at 12:10 P.M. Eastern Time. A live webcast of the fireside chat and materials used during investor meetings will be available under the investor section on Mr. Cooper Group's website, www.mrcooperg

Mr. Cooper Group Inc. to Present at the Credit Suisse Virtual Financial Services Forum

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the fourth quarter 2020 on Tuesday, February 23, 2021 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. The conference call may be accessed by dialing 855-874-2685 (toll-free), or 720-634-2923 (international), five minutes prior to the scheduled start

Mr. Cooper Group Inc. to Discuss Fourth Quarter 2020 Financial Results on February 23, 2021

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP Announces Investigation of Mr. Cooper Group Inc.'s Directors and Officers for Breach of Fiduciary Duties – COOP

Scott+Scott Attorneys at Law LLP Announces Investigation of Mr. Cooper Group Inc.'s Directors and Officers for Breach of Fiduciary Duties – COOP

Mr. Cooper (COOP) agrees to pay $28.6 million to resolve allegations of improper loan servicing committed between 2010 and 2015.

Mr. Cooper (COOP) Settles Improper Loan Servicing Probe

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (the “Company”) announced today that it has reached a resolution of certain legacy regulatory matters with the Consumer Financial Protection Bureau, the multi-state committee of mortgage banking regulators and various State Attorneys General, and the Executive Office of the United States Trustee, all of which involve findings from examinations and discussions that were completed in 2014 and 2015, and relate to certain loan servicing practices which

Mr. Cooper Group Announces Resolution of Regulatory Matters

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”) of $650,000,000 5.125% Senior Notes due 2030 (the “Notes”). The Notes will bear interest at 5.125% per annum and will mature on December 15, 2030. Interest on the Notes will be payable semi-annually on June 15 and December 15 of each year, beginning on June 15, 2021. The offering is e

Mr. Cooper Group Inc. Announces Pricing of Offering of $650 Million of Senior Notes

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Mr. Cooper Group Inc. (COOP) CEO Jay Bray on Q3 2020 Results - Earnings Call Transcript

Mr Cooper (COOP) delivered earnings and revenue surprises of 2.60% and 0.12%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Mr Cooper (COOP) Surpasses Q3 Earnings and Revenue Estimates

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), which principally operates under the Mr. Cooper® and Xome® brands, reported a third quarter net income of $214 million or $2.18 per diluted share. Net income included $53 million in debt refinancing costs related to senior note refinanced in the quarter and a negative $29 million in mark-to-market. Excluding the mark-to-market and other items, the Company reported pretax operating income of $348 million. Items exclud

Mr. Cooper Group Reports Third Quarter 2020 Financial Results

Improvement in loans originations is expected to have supported Mr. Cooper's (COOP) Q3 earnings despite lower servicing revenues.

What's in the Offing for Mr. Cooper (COOP) in Q3 Earnings?

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DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the third quarter 2020 on Thursday, October 29, 2020 at 9:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group’s website, www.mrcoopergroup.com. The conference call may be accessed by dialing 855-874-2685 (toll-free), or 720-634-2923 (international), five minutes prior to the scheduled start o

Mr. Cooper Group Inc. to Discuss Third Quarter 2020 Financial Results on October 29, 2020

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