COOP News and Press, Mr. Cooper Group Inc. From 12/14/20

Rocket Companies (RKT) gains 5.3% after Jefferies analyst Ryan Carr starts covering the stock with a Buy rating as part of a broader call flagging the potential of real estate finance tech stocks.Black Knight ([[BKI]] +0.2%), New Residential ([[NRZ]] +0.8%), and PennyMac Financial (...

Mortgage originators are benefiting from both high demand and much greater than normal gain on sale margins. These conditions continued into Q4, which means they will likely report yet another quarter of huge gains on sale profits. Many are already up 70% - 120% YTD, but two firms...

Mortgage origination volumes could stay at or above record levels achieved in Q3 according to rate lock data compiled by Black Knight in its Mortgage Monitor report.Purchase originations hit a record $455B in Q3 and refinance lending hit a record $867B.2020 is on pace to reach almost $4.4T in...

Mr. Cooper ([[COOP]] +0.7%) resolves 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.The settlements include re...

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 ...

Mr. Cooper Group (COOP) prices an offering of $650M of 5.125% senior notes due 2030 by its Nationstar Mortgage Holdings unit.The company expects to use the proceeds plus $176M of cash on hand to redeem all $750M of outstanding 9.125% senior notes due 2026 issued by Nationstar, including ~$71M...

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”...

Management’s efforts, including new hires and investments in technology, will likely drive earnings next year. The mortgage market will likely remain robust next year due to low interest rates that will drive refinance activity. Further, revenue from Xome will likely increase. ...

Mr. Cooper (COOP) moves up 3.8% in premarket trading after Leon Cooperman recommends the stock during a CNBC interview.Quant rating agrees with a Very Bullish assessment. Wall Street analysts' average rating is Bullish (2 Very Bullish, 4 Bullish). For further details see: Mr. ...

Mr. Cooper Group Inc. (COOP) Q3 2020 Earnings Conference Call October 29, 2020 09:00 AM ET Company Participants Ken Posner - Senior Vice President of Strategic Planning and Investor Relations Jay Bray - Chairman and Chief Executive Officer Chris Marshall - Vice Chairman and Chief Financial Of...