COOP News and Press, Mr. Cooper Group Inc. From 10/28/21

Mr. Cooper (NASDAQ:COOP): Q3 GAAP EPS of $3.29 beats by $1.54. Revenue of $860M (-1.4% Y/Y) beats by $211.68M. Press Release For further details see: Mr. Cooper EPS beats by $1.54, beats on revenue

Reported total net income of $299 million and $3.29 per diluted share, equivalent to ROCE of 36% Generated pretax operating income of $263 million, equivalent to ROTCE of 25.2% Book value per share increased to $43.40 and Tangible book value per share increased to $41.56 O...

The number of mortgages in active forbearance fell by 117K in the past week as many plans are marked for review or final expiration in September, according to Black Knight's McDash Flash daily loan-level forbearance data. That's an 11% decline from last Tuesday, making it the largest weekly d...

Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the third quarter 2021 on Thursday, October 28, 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 G...

Piper Sandler analyst Kevin Barker downgrades Annaly Capital Management (NLY -1.8%) and AGNC Investment (AGNC -0.7%) to Neutral from Overweight ahead of expected interest rate volatility. Barker now sees mortgage REITs as fairly valued "given we see increasing rate volatility over the ne...

Leon Cooperman’s 13F portfolio value increased from $1.60B to $1.78B this quarter. Omega Advisors added Lithia Motors and increased WillScot Mobile Mini & Finance of America. They also reduced Ferro Corp and dropped Magnolia Oil & Gas during the quarter. Alphabet, M...

Mr. Cooper Group Inc. (“Mr. Cooper” or “the Company”) announced today that it has entered into a definitive agreement to sell its Xome Field Services unit to Cyprexx Services LLC (“Cyprexx”). The sale is expected to close during the fourth quart...

The following slide deck was published by Mr. Cooper Group Inc. in conjunction with this event. For further details see: Mr. Cooper (COOP) Presents At Barclays Virtual Global Financial Services Conference - Slideshow

Last year, historically low interest rates sent mortgage market activity soaring, and the blistering housing market led to a year of record mortgage originations. However, with mortgage rates creeping higher, economists are projecting a slowdown in lending activity going into 2022. As a...

The refinancing market has so far proved to be more resilient than previously anticipated. The management sees further refinancing opportunities. The eventual normalization of the refinancing market will drag earnings next year. The current market price is above next year’s...