COOP News and Press, Mr. Cooper Group Inc. From 07/08/21

Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the second quarter 2021 on Thursday, July 29, 2021 at 10:00 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 Gro...

Chainarong Prasertthai/iStock via Getty ImagesIn a move to focus its business on its core origination and servicing businesses, Mr. Cooper Group (COOP) agrees to sell its reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management.Upon the clos...

Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has completed the sale of Title365 to Blend Labs, Inc. on June 30, 2021, for $500 million, consisting of $450 million in cash and a retained interest of 9.9 percent. Consistent with previously disclosed expectati...

Mr. Cooper Group Inc. (“Mr. Cooper” or “the Company”) announced today that it has entered into a definitive agreement for the sale of its Reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affi...

Chainarong Prasertthai/iStock via Getty ImagesThe number of mortgages in active forbearance declines 6K this week as 218K plans were up for review by June 30, leaving room for improvement for next week, according to the Black Knight McDash Flash Forbearance Tracker.As of June 29, some 2.05M, ...

doockie/iStock via Getty Images Mortgage originator and servicer Ocwen Financial (OCN) receives a new Buy rating at Jefferies with a $36 price target, a 23% upside from where it's currently trading. OCN rises 1.7% in early trading. The price target is a ~6x multiple on a FY22 estimated earnin...

Andrii Yalanskyi/iStock via Getty Images The number of mortgages in active forbearance plans nudges up 1K this week, continuing the trend of small mid-month increases, according to the Black Knight McDash Flash Forbearance Tracker. Still, the total number is down 6% from a month ago. As of Ju...

Mr. Cooper (COOP) announces the promotion of Vice Chairman Chris Marshall to the role of the company's president.Marshall will retain his existing responsibilities pending appointment of a new Chief Financial Officer.The company also disclosed that Chief Operating Officer&...

Mr. Cooper today announced the promotion of Vice Chairman Chris Marshall to President, with operating responsibility for the originations and servicing segments and key business functions including technology and digital transformation. Chris will retain his existing responsibilities pe...

Chainarong Prasertthai/iStock via Getty Images Active mortgage forbearance plans fell by a mere 7K since last Tuesday, according to Black Knight's McDash Flash Forbearance Tracker. As of June 15, some 2.06M, or 3.9%, of homeowners remain in forbearance plans including 2.3% of GSE, 6.9% of FHA...