Mr. Cooper Group(US:COOP)2025-07-23 11:00Financial Highlights - Reported net income of $198 million and pretax operating income of $269 million[7] - Generated ROTCE of 167% including other MTM of $30 million and operating ROTCE of 172%[7] - TNW/assets was 266% with liquidity of $38 billion[7] Servicing Segment - Servicing generated $332 million pretax operating income with portfolio up 25% year-over-year to $15 trillion[7] - Subservicing portfolio increased 47% year-over-year[9] - Servicing EBT increased 15% year-over-year[11] - Deboarded $12 billion in subservicing UPB for a single client in 2Q'25 with the client's remaining $50 billion deboarded in July[10] - New subservicing client win expected to bring $40 billion UPB by year end[10] - Anticipating MSR acquisitions of approximately $20 billion UPB in 3Q'25[10] - Operating revenue increased 13% year-over-year while operating expenses increased 6% year-over-year[13] Originations Segment - Originations generated $64 million pretax operating income on funded volume of $94 billion[7] - Rate/term refinance accounted for 22% of 2Q'25 DTC funding mix[15] - Cash-out refinance accounted for 36% of 2Q'25 DTC funding mix[15] Portfolio Quality - Delinquencies decreased by 6 bps quarter-over-quarter to 10% reflecting strong portfolio quality[20]