Mr. Cooper Group(US:COOP)2023-02-10 13:24Servicing Portfolio - Servicing UPB grew to $870 billion, up 2% q/q and 23% y/y[3] - Servicing generated pretax operating income of $159 million[3] - Owned MSR portfolio increased 21% y/y[34] - Subservicing portfolio increased 24% y/y[34] Financial Performance - The Company reported $1 million net income including other mark-to-market of ($58) million[29] - Originations generated pretax operating loss of $2 million on funded volume of $3.2 billion[29] - Repurchased 1.3 million shares of common stock for $54 million[10] - 4Q'22 operating expenses grew 13% y/y, while the portfolio increased by 23%, demonstrating positive operating leverage[19] Balance Sheet and Liquidity - Ended the quarter with TNW/assets at 31.1% and available liquidity of $1.9 billion[105] - Borrowing capacity increased $200 million[50] Strategic Initiatives - Signed definitive agreement to acquire Roosevelt Management Company, LLC, Rushmore Loan Management Services, LLC, and affiliates as the platform for MSR fund asset management strategy[3]