The upcoming report from Mr Cooper (COOP) is expected to reveal quarterly earnings of $1.37 per share, indicating an increase of 59.3% compared to the year-ago period. Analysts forecast revenues of $398.31 million, representing an increase of 31.5% year over year.The current level reflects a downward revision of 7.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this peri ...

The market expects Mr Cooper (COOP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”), of $1,000,000,000 7.125% Senior Notes due 2032 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on February 1, 2032. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on August 1, 2024. The offering is expected t ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Mr Cooper (COOP) , which belongs to the Zacks Financial - Consumer Loans industry.This reinsurance company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 48.67%.For the last reported quarter, Mr Cooper came out with earnings of $2 ...

DALLAS--(BUSINESS WIRE)--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. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group’s website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be u ...

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company’s operations, including Originations, Servicing and Technology. With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. Most recently, he served as CEO of Consumer Lending for Wells Fargo and as a member ...

Financial Data and Key Metrics Changes - Tangible book value increased to $62.78, reflecting strong operating results and gains from the Home Point acquisition [3][4] - Operating ROTCE was reported at 13.8%, indicating a return to the target range [112] - Servicing generated $301 million in pretax income, including a one-time gain of $67 million from the trust collapse [30][113] Business Line Data and Key Metrics Changes - Servicing income is projected to remain stable, with expectations of marginally higher profitability throughout 2024 due to scale and efficiencies [134] - Originations reported EBT of $29 million, which is considered excellent given the current rate environment [113] - Xome experienced a 17% sequential growth in sales, generating a profit of approximately $2 million [12] Market Data and Key Metrics Changes - The mortgage market share held by banks has decreased to around 40%, creating growth opportunities for the company [114] - The portfolio reached $937 billion, up 10% year-over-year, with expectations of continued growth in 2024 [102][118] Company Strategy and Development Direction - The company aims to exceed its $1 trillion strategic target in the first quarter of next year, with plans to update strategic targets thereafter [28] - Focus on technology investments and cost leadership in servicing and originations, as well as winning new subservicing clients [119][123] - The company is preparing for larger acquisitions and has a strong appetite for significant deals in the market [74] Management's Comments on Operating Environment and Future Outlook - Management expects higher interest rates to persist, which is favorable for servicing operations [122] - The company is monitoring high yield debt issuance and considering options for capital deployment based on favorable market conditions [130] - Delinquency rates are anticipated to increase slightly, but the overall credit environment is not expected to be materially adverse [106] Other Important Information - The company has a strong capital position with a capital ratio of 31% and plans to deploy some of this capital into asset growth [39] - The Home Point acquisition added $700 million in capacity, with $385 million drawn down to fund the acquisition [94] - The company has received recognition as one of the best workplaces in financial services, reflecting its commitment to a positive work environment [27] Q&A Session Summary Question: Is the mid-teens run rate on return on equity achievable by mid-next year? - Management indicated that while specific guidance is not provided, they expect ROTCE to improve along similar lines due to operational efficiencies [41] Question: What are the seasonal components affecting servicing income in the fourth quarter? - Management noted that seasonality is primarily due to float income as taxes and insurance are paid, along with other seasonal factors [23][46] Question: What is the target for the MSR fund and its fee structure? - The company is targeting a $1 billion fund and hopes to close it by the end of the first quarter, with further details to be provided as progress is made [58] Question: How does the company plan to handle larger acquisitions? - Management expressed a strong appetite for large deals and indicated that they are well-prepared operationally to take on significant volumes [74] Question: What is the outlook for delinquency rates given the current interest rate environment? - Management anticipates a slight increase in delinquency rates but does not expect a material adverse impact on the company [106]

$17 $198 Change in unrestricted cash $36 ⁽¹⁾ Based on marginal tax rate of 3.2%, net of federal benefit. Actual tax payments/refunds included in total working capital changes ⁽²⁾ Includes mortgage loans originated, sold or repurchased, net gains on mortgage loans held for sale excluding capitalized servicing rights, repayment of nonrecourse debt – legacy assets, and changes in warehouse facilities, advance facilities, advances and other receivables, other assets, payables and other liabilities, taxes, and o ...

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, 2023 or Mr. Cooper Group Inc. (Exact name of registrant as specified in its charter) Delaware 91-1653725 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Ident ...

1 | 2Q'23 EARNINGS REVIEW July 26, 2023 Forward-looking statements may include the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "strategy," "future," "opportunity," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks ...