COOP News and Press, Mr. Cooper Group Inc. From 05/11/23

Mr. Cooper Group Inc. (NASDAQ: COOP) has caught the attention of the investment community today with its bullish price action. The company's shares are currently up 4.88% on the day to $45.1. Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related to singl...

Acquisition of $84 billion servicing portfolio expected to contribute to Mr. Cooper’s return on equity with estimated 10% accretion to operating earnings in first year Tangible book value accretive by ~$1/share at closing Funded in part with assumption of Home Point Capital...

2023-05-10 00:50:41 ET Summary In the last five years, Mr. Cooper has earned a TSR of 159.49% compared to -26.97% for its peers. Managers are compensated for TSR performance, but this has the effect of not rewarding managers for capital allocation excellence. Returns remain hi...

2023-04-26 14:36:07 ET Mr. Cooper Group Inc. (COOP) Q1 2023 Earnings Conference Call April 26, 2023 10:00 AM ET Company Participants Ken Posner - Senior Vice President of Strategic Planning and Investor Relations Jay Bray - Chairman and Chief Executive Officer Ch...

Rushmore Reaches Definitive Agreement to Sell Residential Mortgage Servicing Platform to Mr. Cooper Group PR Newswire Transaction Includes Approximately 250,000 Customers and $37 Billion in Unpaid Principal Balance DALLAS , April 26, 2023 /PRNewsw...

2023-04-26 09:55:38 ET The following slide deck was published by Mr. Cooper Group Inc. in conjunction with their 2023 Q1 earnings call. For further details see: Mr. Cooper Group Inc. 2023 Q1 - Results - Earnings Call Presentation

2023-04-26 07:09:57 ET Mr. Cooper press release ( NASDAQ: COOP ): Q1 EPS of $0.52 may not be comparable to consensus of $1.06. Revenue of $330M misses by $41.97M . Chris Marshall, Vice Chairman and President added, “Servicing continued to produce consistent ...

Reported total net income of $37 million including other mark-to-market of $63 million, equivalent to ROCE of 3.7% Book value per share and tangible book value per share stayed consistent at $58.57 and $56.72 Servicing UPB grew 7% y/y to $853 billion Repurchased 2.1 millio...

2023-04-25 12:46:18 ET Mr. Cooper ( NASDAQ: COOP ) is scheduled to announce Q1 earnings results on Wednesday, April 26th, before market open. The consensus EPS Estimate is $1.06 (-87.7% Y/Y) and the consensus Revenue Estimate is $371.97M (-64.6% Y/Y). Over the last 1 y...

2023-04-11 21:46:34 ET Summary Guild Mortgages was founded in 1960 and has operated as a mortgage originator and servicer through many cycles. The company is run by CEO Mary Ann McGarry, only their second CEO, since 2007 where she has overseen massive growth and an annual average ...