COOP News and Press, Mr. Cooper Group Inc. From 07/30/20

Reported $73 million net income or $0.77 per diluted share Generated strong pretax operating income of $350 million, equivalent to a ROTCE of 55.0%, offset by a mark-to-market loss of $261 million Increased unrestricted cash quarter-over-quarter from $579 million to $1.0 billion ...

Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the second quarter 2020 on Thursday, July 30, 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 ...

One of the areas of the market that has been hit the hardest by the current crisis is mortgage lending. Most lenders operate under thin margins and the material rise in delinquencies has put many in jeopardy. One of the few companies in the industry to see a strong rebound is the non-bank lend...

The number of active mortgage forbearance plans falls by 435K W/W, marking the largest drop since the pandemic took hold, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Mr. Cooper Group Inc., PennyMac Financial Services, Inc....

The number or active mortgage forbearance plans for the week ended June 30 have fallen to the lowest point since the first week of May, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Cooper Gr...

Overall, the number of homeowners in active forbearance rose this week after three straight weeks of declines, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Mr. Cooper Group Inc., PennyMac Financial Services, Inc., Financial...

Fannie Mae ( OTCQB:FNMA -1.9% ) and Freddie Mac ( OTCQB:FMCC -1.6% ) are extending their single-family moratorium on foreclosures and evictions by two months until at least Aug. 31, 2020, the Federal Housing and Finance Agency said. More news on: Federal National Mortgage Association...

As of May 19, 4.75M homeowners , or 9.0% of all mortgages, are in COVID-19 mortgage forbearance plans, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Cooper Group Inc., Financial stocks news, N...

The pace of borrowers entering mortgage forbearance programs is slowing , with 4.7M homeowners in such mortgage relief plans as of May 12, up from a revised 4.5M a week earlier, according to Black Knight, a mortgage data and analytics company. More news on: New Residential Investment Corp...

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...