Core Viewpoint - Mr. Cooper Group reported disappointing first-quarter earnings, missing both revenue and net income expectations, leading to a decline in stock value despite a positive market trend overall [1][2][3]. Financial Performance - Revenue for Q1 totaled $560 million, down from $654 million in Q1 2024, representing a significant decline [2]. - GAAP net income was $88 million ($1.35 per share), a sharp decrease from $204 million in the same quarter last year [2]. - Both revenue and earnings figures fell short of analyst estimates, which were over $620 million for revenue and $2.98 per share for GAAP earnings [3]. Operational Metrics - The loan servicing portfolio grew by 33% year over year, exceeding $1.5 trillion during the quarter [3]. - Operating income improved to $332 million, up from $318 million in Q1 2024 [3]. Management Outlook - CEO Jay Bray expressed optimism about the company's performance, highlighting the platform's ability to deliver consistent and predictable results [4]. - Despite the positive commentary from management, the actual financial results did not align with expectations, resulting in negative investor sentiment [4].