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COOP - Mr. Cooper Group: The Growing Mortgage Giant You've Never Heard Of
Mr. Cooper Group Inc.
Mr. Cooper Group (COOP) is the product of a 2018 merger between Nationstar Mortgage and WMIH Corp. (the former parent of the failed Washington Mutual). Mr. Cooper is the largest non-bank mortgage servicer in the U.S. and is the third-largest when banks are included. They are also among the top loan originators (not to mention fastest-growing).
After the 2008 collapse of the mortgage market and increased regulatory scrutiny thereafter, non-bank lending has rapidly taken much of the market share. These financing institutions have far less regulatory oversight and, generally, are able to