COOP News and Press, Mr. Cooper Group Inc. From 05/14/20

Shares in mortgage insurers and servicers rise the day after Fannie and Freddie announced a new option that allows homeowners in forbearance to shift their missed mortgage payments to the end of their loan term without increased interest. More news on: New Residential Investment Corp., O...

Any homeowner is familiar with a rate lock - in which the interest rate on their mortgage is locked in for some weeks before the loan in finalized. In order not to get burned should rates rise during that period, mortgage originators routinely hedge by shorting mortgage-related securities. ...

Image source: The Motley Fool. Mr. Cooper Group Inc   (NASDAQ: COOP) Q1 2020 Earnings Call Apr 30, 2020 , 9:00 a.m. ET Operator Continue reading

More than 3.8M homeowners are now in forbearance programs with their lenders as of April 30, representing 7.3% of the entire active mortgage universe and $841B in unpaid principal, according to new data from Black Knight. More news on: New Residential Investment Corp., Ocwen Financial Co...

The following slide deck was published by Mr. Cooper Group Inc. in conjunction with their 2020 Q1 earnings Read more ...

Mr. Cooper Group Inc. (COOP) Q1 2020 Earnings Conference Call April 30, 2020, 9:00 AM ET Company Participants Ken Posner - Senior Vice President of Strategic Planning and Investor Relations Jay Bray - Chairman and CEO Chris Marshall - Vice Chairman and CFO Conference Call Part...

With 3.84M more people filing for unemployment this week, bringing the tally up to 30.2M in the last six weeks, and mortgage rates at an all-time low, mortgage-related stocks are taking a beating again. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Co...

Mr. Cooper (NASDAQ: COOP ): Q1 GAAP EPS of -$1.84 misses by $1.22 . Revenue of $278M (+11.2% Y/Y) misses by $147.55M . Press Release More news on: Mr. Cooper Group Inc., Earnings news and commentary, Financial stocks news,

Reported $171 million net loss or $1.84 per diluted share, reflecting a negative $383 million mark-to-market Moved more than 95% of teammates to work-from-home status in 5 days Increased unrestricted cash quarter-over-quarter from $329 million to $579 million Generated strong p...

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