Last month, the Federal Reserve made a notable 50-basis point rate cut, marking its first reduction since March 2020. Investors remain optimistic that the Fed might enact two additional cuts this year, but concerns over a slowing economy have raised doubts about the pace of these reductions. With the U.S. presidential election just weeks away, market volatility is expected to rise. In this climate, value investing could be a sound strategy, allowing investors to buy undervalued stocks and potentially realiz ...

Mr. Cooper Group Inc. (COOP) reported third-quarter 2024 adjusted earnings per share of $2.84, which beat the Zacks Consensus Estimate by 11.8%. The bottom line rose 1.8% year over year.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Solid growth in the Servicing and Originations segments were major tailwinds for the company in the third quarter. The servicing portfolio increased year over year, surpassing the $1.2-trillion mark. However, a decline in revenues and an increase ...

1 | 3Q'24 EARNINGS REVIEW October 23rd, 2024 This presentation contains summarized information concerning Mr. Cooper Group Inc. ("Mr. Cooper" or the "Company") and the Company's business, operations, financial performance and trends. No representation is made that the information in this presentation is complete. For additional financial, statistical and business related information, as well as information regarding business and segment trends, see the Company's most recent Annual Report on Form 10-K ("Form ...

Financial Data and Key Metrics Changes - The company reported pre-tax operating income of $246 million and operating ROTCE of 16.8%, at the upper end of guidance [4] - Tangible book value increased by 11% year-over-year to $69.93 per share [4] - The capital ratio stood at 27.9% with liquidity at a record high of $4.1 billion [4][25] Business Line Data and Key Metrics Changes - The servicing portfolio grew to $1.2 trillion, serving 5.4 million customers, generating $305 million in pre-tax servicing income, a 38% year-over-year increase [5][13] - The Originations segment generated $69 million in pre-tax income, significantly exceeding guidance, attributed to a drop in mortgage rates and investments in direct-to-consumer and correspondent platforms [5][17] Market Data and Key Metrics Changes - CPRs rose sequentially from 5.5% to 6.2%, leading to higher amortization in the quarter [13] - The company anticipates continued growth in the correspondent channel, with volumes more than doubling from the second quarter [19] Company Strategy and Development Direction - The company aims to enhance customer experience through investments in AI and digital platforms, including the Agent IQ coaching platform [9][15] - The acquisition of Flagstar is expected to close in the fourth quarter, increasing the customer base to over 6 million [6][7] - The company is focused on maintaining a balanced business model to leverage opportunities in both servicing and originations [29][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate changing interest rates and market conditions, emphasizing a strong operational leverage [13][27] - The outlook for 2025 ROTCE is anticipated to be at the midpoint of the 14% to 18% guidance range, driven by growth in originations and efficiencies in servicing [27][61] Other Important Information - The company has been recognized as a Great Place to Work for six consecutive years, reflecting its commitment to employee culture [6] - The company is actively managing its credit quality, with MSR delinquencies slightly up to 1.1%, but still performing strongly compared to industry standards [24] Q&A Session Summary Question: Guidance for originations in the fourth quarter - The company provided a guidance range of $45 million to $65 million for pre-tax originations income, influenced by recent mortgage rate fluctuations [28][29] Question: Performance in DTC channel versus expectations - The DTC channel performed in line with expectations, with significant shifts towards rate-term refinances due to lower rates [30][31] Question: Pipeline for bulk servicing acquisitions - The company is optimistic about future bulk servicing opportunities, with significant capacity for acquisitions post-Flagstar [33][34] Question: Corporate expense normalization - Corporate expenses are expected to normalize around $40 million in the fourth quarter, following some one-time costs in the current quarter [53] Question: Ginnie Mae capital rules impact - The company is well-capitalized relative to Ginnie Mae's standards and anticipates that the implementation of these rules could catalyze bulk servicing trades [56]

Mr Cooper (COOP) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $2.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.81%. A quarter ago, it was expected that this reinsurance company would post earnings of $2.33 per share when it actually produced earnings of $2.52, delivering a surprise of 8.15%.Over the last four quarters, the com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________________________________________________ FORM 10-Q ________________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

Exhibit 99.1 1 oper Gro FOR IMMEDIATE RELEASE MR. COOPER GROUP REPORTS THIRD QUARTER 2024 RESULTS • Reported net income of $80 million including other mark-to-market of ($126) million, equivalent to ROCE of 6.9% and operating ROTCE of 16.8% • Book value per share and tangible book value per share increased to $72.49 and $69.93 • Servicing portfolio grew 32% y/y to $1,239 billion • Repurchased 0.5 million shares of common stock for $46 million • Issued $750 million senior notes priced at 6.5% • Certified as ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 9th: Silvercorp Metals (SVM) This company which is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the Peoples Republic of China, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 32.0% over the last 60 days. Silvercorp Metals' shares gained 31.9% over the last thre ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 12: Mr. Cooper Group Inc. (COOP) : This mortgage servicing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days. Mr. Cooper Group has a price-to-earnings ratio (P/E) of 8.82 compared with 11.80 for the industry. The company possesses a Value Score of B. MPLX LP (MPLX) : This midstream energy company carr ...