Mr Cooper Group Stock Price, News & Analysis
Company Description
Mr. Cooper Group Inc. (historically traded on Nasdaq under the symbol COOP) operated in the finance and insurance sector, with a focus on savings institutions and mortgage-related activities. According to multiple company communications, Mr. Cooper Group provided customer-centric servicing, origination and transaction-based services related principally to single-family residences throughout the United States. The company carried out its activities under primary brands that included Mr. Cooper, Xome and Rushmore Servicing.
In its own descriptions, Mr. Cooper stated that it was the largest home loan servicer in the country, focused on delivering a variety of servicing and lending products, services and technologies. Its business was organized around two main operating segments referenced in its earnings releases: a Servicing segment and an Originations segment. The Servicing segment was described as providing a home loan experience for millions of customers while working to strengthen asset performance for investors. The Originations segment was described as creating servicing assets by acquiring loans through a correspondent channel and refinancing existing loans through a direct-to-consumer channel.
Across recent financial disclosures, Mr. Cooper highlighted that its servicing portfolio encompassed a very large unpaid principal balance of mortgage loans and that it served millions of customers. The company’s communications emphasized recurring and predictable performance from its platform, and referenced fee-based revenue growth and cost leadership as areas of focus in its operations. Non-GAAP metrics such as pretax operating income and return on tangible common equity (ROTCE) were used in its reporting to explain how management evaluated ongoing performance, particularly by adjusting for mark-to-market changes on mortgage servicing rights and other notable items.
Mr. Cooper Group’s transaction-based and servicing activities were tied closely to the U.S. single-family housing market, as reflected in its repeated description of services related principally to single-family residences. Through Xome, which it described as a real estate marketplace, and through its Rushmore Servicing brand, the group participated in various parts of the homeownership and mortgage servicing lifecycle. Company communications also referenced technology as an important component of its operations, noting that its operations and technology supported efficiencies, customer service and the ability to scale originations and servicing.
Corporate transformation and acquisition by Rocket Companies
Mr. Cooper Group underwent a significant corporate transformation through its combination with Rocket Companies, Inc.. On March 31, 2025, Rocket announced a definitive agreement to acquire Mr. Cooper Group Inc. in an all-stock transaction, and Mr. Cooper’s own communications described this as a plan to join forces with Rocket to create an integrated homeownership platform. On September 3, 2025, an 8-K filing reported that Mr. Cooper stockholders approved the merger agreement with Rocket at a special meeting, adopting the Agreement and Plan of Merger.
The transaction was completed on October 1, 2025, as detailed in a Form 8-K filed in connection with the consummation of the mergers. Under the merger structure, a Rocket subsidiary (Maverick Merger Sub, Inc.) merged with and into Mr. Cooper, with Mr. Cooper continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Rocket. Immediately thereafter, Mr. Cooper merged with and into another Rocket subsidiary, Maverick Merger Sub 2, LLC (also referred to as Forward Merger Sub), with that entity surviving. As part of this process, each outstanding share of Mr. Cooper common stock was converted into the right to receive 11 shares of Rocket’s Class A common stock, subject to the terms of the merger agreement, with cash paid in lieu of fractional shares.
On the same date, a Form 25 (25-NSE) was filed with the U.S. Securities and Exchange Commission indicating the removal of Mr. Cooper Group Inc.’s common stock from listing on the Nasdaq Stock Market LLC. The Form 8-K relating to the merger noted that Mr. Cooper common stock was suspended from trading on Nasdaq prior to the open of trading on October 1, 2025. As a result, COOP no longer trades as an independent listing, and Mr. Cooper’s business is part of Rocket Companies’ broader platform.
Business focus and operating segments
In its earnings releases for 2024 and 2025, Mr. Cooper Group described its operations through two primary segments:
- Servicing: This segment was described as providing a home loan experience for millions of customers while strengthening asset performance for investors. The company reported segment-level revenues, expenses, income before taxes and non-GAAP pretax operating income for Servicing. Disclosures highlighted the size of the servicing portfolio in terms of unpaid principal balance (UPB), delinquency rates, prepayment speeds and the carrying value of mortgage servicing rights (MSRs).
- Originations: This segment was described as creating servicing assets at attractive margins by acquiring loans through a correspondent channel and refinancing existing loans through a direct-to-consumer channel. The company reported funded loan volumes, pull-through adjusted volumes, and segment pretax income and pretax operating income.
Mr. Cooper’s public financial information emphasized that pretax operating income in the Servicing segment excluded mark-to-market adjustments on MSRs and related financing liabilities, as these were considered volatile and not necessarily indicative of realized gains or losses. Management described non-GAAP measures as tools used internally for financial, operational and planning decisions, and as a way for investors to assess trends in the underlying businesses.
Capital markets and debt-related disclosures
In connection with the merger with Rocket, Mr. Cooper and its subsidiaries were involved in several capital markets and debt-related actions described in Form 8-K filings. One 8-K dated September 22, 2025 discussed conditional notices of redemption by Nationstar Mortgage Holdings Inc., a wholly owned subsidiary of Mr. Cooper, for certain senior notes due 2026, 2027 and 2028, with redemptions conditioned on the consummation of the mergers. Another 8-K dated October 1, 2025 described Rocket’s issuance of senior notes and Rocket Exchange Notes and the guarantees provided by Mr. Cooper-related guarantors following completion of the mergers.
These filings outlined the terms of Rocket’s 2029 and 2032 senior notes and separate 2030 and 2033 senior notes, including maturity dates, interest payment schedules, redemption provisions and change-of-control-related repurchase obligations. They also described how certain Mr. Cooper subsidiaries became guarantors of Rocket’s obligations under these notes after the merger, and how the notes were offered to qualified institutional buyers or non-U.S. investors under applicable securities law exemptions.
Dividends and shareholder actions around the merger
On September 19, 2025, Mr. Cooper filed an 8-K reporting that its Board of Directors declared a cash dividend of $2.00 per share of Mr. Cooper common stock. The filing specified a record date of September 29, 2025 and a payment date of October 7, 2025. The related press release, and other transaction communications, noted that this dividend was permitted under the terms of the merger agreement with Rocket and could be paid prior to the effective time of the transaction.
Earlier, on August 22, 2025, an 8-K discussed litigation and shareholder demand letters related to the merger proxy statement. Mr. Cooper indicated that it believed the claims were without merit but chose to supplement its proxy statement disclosures to address the issues raised and to avoid potential expense and delay. The same filing provided additional detail on relationships between the company’s financial advisor and Rocket, as well as information on equity awards for non-employee directors.
Status of COOP ticker and how to view Mr. Cooper going forward
With the completion of the mergers on October 1, 2025 and the subsequent Form 25 filing, Mr. Cooper Group Inc. became a wholly owned subsidiary of Rocket Companies, Inc., and its common stock ceased to be listed on Nasdaq under the symbol COOP. Investors researching Mr. Cooper’s historical standalone performance can review its prior quarterly and annual reports, earnings releases and 8-K filings. For current information on the combined business, including the former Mr. Cooper operations, investors should refer to Rocket Companies’ public disclosures, as Rocket is now the parent company.