Welcome to our dedicated page for Mr. Cooper Group news (Ticker: $COOP), a resource for investors and traders seeking the latest updates and insights on Mr. Cooper Group stock.
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Rhea-AI Summary
Mr. Cooper Group Inc. (NASDAQ: COOP) reported first quarter 2024 results with net income of $181 million, ROCE of 16.7%, and operating ROTCE of 14.5%. The company saw growth in book value per share, servicing portfolio, and repurchased shares. The Servicing segment recorded pretax income of $313 million, while the Originations segment earned $32 million. The company remains optimistic about its momentum, technology investments, and growth opportunities.
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End-of-Day
2.82%
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Mr. Cooper Group Inc. (NASDAQ: COOP) has appointed Ranjit Bhattacharjee as Executive Vice President and Chief Investment Officer and Kevin Barker as Senior Vice President, Corporate Finance. Bhattacharjee will oversee capital markets and correspondent lending, bringing over 20 years of expertise from Wells Fargo and other leading firms. Barker, with nearly 20 years of financial analyst experience, will lead the business finance teams. The new appointments aim to bring fresh ideas and insights to drive growth for Mr. Cooper Group.
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1.82%
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Mr. Cooper Group Inc. (COOP) will discuss its Q1 2024 financial results on April 24, 2024, at 10:00 A.M. Eastern Time. Pre-register for the call and access the press release and investor presentation on their website. A replay will be available until May 8, 2024.
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1.57%
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Mr. Cooper Group Inc. (NASDAQ: COOP) reported a net income of $46 million for the fourth quarter, with pretax operating income of $151 million. The company's servicing portfolio grew by 14% year-over-year to $992 billion. They repurchased 1.3 million shares of common stock and issued $1 billion in senior notes. The company's leadership expressed confidence in their performance and growth prospects for 2024.
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Rhea-AI Sentiment
End-of-Day
5.42%
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Mr. Cooper Group Inc. (NASDAQ: COOP) has announced the pricing of a $1,000,000,000 7.125% Senior Notes due 2032 offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper. The Notes will bear interest at 7.125% per annum, maturing on February 1, 2032, with semi-annual interest payments beginning on August 1, 2024. The net proceeds will be used to repay a portion of the amounts outstanding under Mr. Cooper’s MSR facilities. The offering was made to 'qualified institutional buyers' and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction.
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0.63%
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Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the fourth quarter 2023 on February 9, 2024 at 10:00 A.M. Eastern Time. Pre-registration for the call is now open, and participants will receive a toll-free dial-in number and a unique registrant ID. A simultaneous audio webcast of the conference call will be available, and a replay of the audio webcast will also be accessible through February 23, 2024 on the company's website, www.mrcoopergroup.com.
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-0.85%
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Mr. Cooper Group Inc. (NASDAQ: COOP) appoints Mike Weinbach as President, bringing over 25 years of experience in the financial services industry. Weinbach's background includes leadership roles at Wells Fargo and JP Morgan Chase, with a focus on consumer lending and financial services. Jay Bray, Chairman and CEO of Mr. Cooper Group, expresses excitement for Weinbach's appointment, emphasizing his people-first approach and commitment to customer experience. Chris Marshall will remain with the company to assist with the transition and oversee fundraising for the MSR fund before retiring at the end of 2024.
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Rhea-AI Sentiment
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1.16%
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Mr. Cooper Group Inc. reported Q3 net income of $275 million, with a pretax operating income of $249 million. The servicing portfolio grew to $937 billion, making Mr. Cooper the largest servicer in the nation. The company also closed acquisitions of Home Point Capital and Roosevelt Management Company. The Vice Chairman and President, Chris Marshall, plans to retire by the end of 2024.
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3.59%
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Xome launches Xome Auction Simulator, a game that allows users to experience online real estate auctions.
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2.65%
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Mr. Cooper Group Inc. will discuss its Q3 2023 financial results on October 25, 2023 at 10:00 A.M. ET. Pre-registration for the call is now open. A replay of the audio webcast will be available until November 8, 2023.
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Rhea-AI Sentiment
End-of-Day
2.09%
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Mr. Cooper Group Inc.
Nasdaq:COOP
COOP Rankings
COOP Stock Data
5.29B
62.39M
3.58%
90.33%
2.27%
Savings Institutions
Finance and Insurance
United States of America
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