Welcome to our dedicated page for Mr Cooper Group news (Ticker: COOP), a resource for investors and traders seeking the latest updates and insights on Mr Cooper Group stock.
Mr. Cooper Group Inc (NASDAQ: COOP) maintains this dedicated news hub for stakeholders seeking authoritative updates about one of America's leading mortgage servicers. Our curated collection features official announcements, financial disclosures, and strategic developments from the company's core operations in loan servicing and origination.
Investors and industry observers will find timely updates on earnings reports, regulatory compliance matters, and operational milestones. The repository includes essential documents such as quarterly financial results, leadership updates, and partnership announcements that shape COOP's position in the housing finance sector.
Key coverage areas include mortgage servicing innovations, loan portfolio management strategies, and market expansion initiatives. All content undergoes verification to ensure accuracy and relevance for financial decision-making. Regular updates reflect COOP's activities across its servicing platforms and direct-to-consumer lending channels.
Bookmark this page for streamlined access to Mr. Cooper Group's latest corporate communications. Combine these verified updates with broader market analysis to maintain a comprehensive view of the mortgage industry landscape.
Mr. Cooper Group Inc. (NASDAQ: COOP) will report its Q1 2023 financial results on April 26, 2023, at 10:00 A.M. Eastern Time. The press release and investor presentation will be accessible prior to the call on the company's website, where pre-registration for the call is also available. Participants will receive a toll-free number and unique ID for access. A replay will be available two hours after the call until May 10, 2023. Mr. Cooper is a leading home loan servicer in the U.S., providing various services primarily under the Mr. Cooper® and Xome® brands.
Mr. Cooper Group Inc. (NASDAQ: COOP) has announced executive appointments, promoting Kurt Johnson to Chief Financial Officer and Christine Paxton to Executive Vice President and Chief Risk and Compliance Officer. Johnson, with 25 years in the mortgage industry, previously served as Chief Risk and Compliance Officer, and led significant transformation initiatives. Paxton returns to the company from Wells Fargo, bringing her extensive experience in risk management. As Johnson transitions into his new role, Jaime Gow will step into a strategic advisor position. The changes aim to enhance operational efficiency and strengthen investor returns.
Mr. Cooper Group Inc. (NASDAQ: COOP) has appointed Carlos M. Pelayo as Executive Vice President and Chief Legal Officer, enhancing its executive leadership team. Pelayo, with over 20 years of legal experience in financial services, previously served as Managing Director at Merrill Lynch Wealth Management and held notable roles at Barclays and Davis Polk & Wardwell. CEO Jay Bray expressed confidence in Pelayo's ability to contribute to the company's growth, including its aim to exceed $1 trillion in servicing. Pelayo is enthusiastic about joining at a time when opportunities for client and shareholder value are abundant.
Mr. Cooper Group Inc. (NASDAQ: COOP) reported a fourth quarter net income of $1 million, translating to $0.01 per diluted share. Total net income included a mark-to-market adjustment of $58 million, while pretax operating income reached $82 million following significant charges. The company’s servicing segment saw a 23% year-over-year growth in its servicing UPB, amounting to $870 billion. Tangible book value per share increased by 29% to $56.72. However, the originations segment reported a pretax operating loss of $2 million, with funded volume down 45% from the previous quarter. The company will host a conference call on February 10, 2023 for further insights.
Mr. Cooper Group Inc. (NASDAQ: COOP) will announce its financial results for the fourth quarter of 2022 on February 10, 2023, at 10:00 A.M. Eastern Time. Interested parties can access a live conference call and audio webcast via the investors section of Mr. Cooper's website. Pre-registration is required for participants to receive a toll-free dial-in number. Following the call, a replay will be available approximately two hours later, accessible until February 24, 2022. Mr. Cooper is one of the leading home loan servicers in the U.S., providing a variety of services under its brands, including Mr. Cooper and Xome.
Mr. Cooper Group reported a net income of $113 million, or $1.55 per diluted share, for Q3, contributions included $122 million in mark-to-market adjustments. The servicing portfolio rose to $854 billion, marking a 28% year-over-year increase. Book value per share increased to $58.18. The company repurchased 1.1 million shares for $50 million. Despite a 26% decline in funded loans quarter-over-quarter, Mr. Cooper emphasized strong capital and liquidity for future growth.
Mr. Cooper Group Inc. (NASDAQ: COOP) will announce its third quarter 2022 financial results on October 26, 2022, at 10:00 A.M. Eastern Time. The results will be accessible via a press release and an investor presentation on the company’s website prior to the call. Pre-registration for the conference call is currently open, allowing participants to receive a toll-free dial-in number. A replay of the audio webcast will be available approximately two hours after the call and accessible until November 9, 2022.
Xome has appointed James Curl as Senior Vice President and Chief Technology Officer, aiming to enhance digital transformation and innovation within the company. Curl, who has over 15 years of experience from leading firms like T-Mobile and Deloitte, will oversee Xome's technology initiatives, continuing to strengthen its foundation and services. CEO Mike Rawls expressed confidence in Curl's ability to further improve technology solutions and foster a culture of innovation as the company aims to advance its auction platform.
Mr. Cooper Group Inc. (NASDAQ: COOP) announced that key executives, including Jay Bray (Chairman and CEO), Chris Marshall (Vice Chairman and President), and Jaime Gow (CFO), will present at the Barclays Global Financial Services Conference on September 13, 2022, at 9:00 A.M. Eastern Time. A live webcast will be available on the company’s investor website, with a replay accessible until October 11, 2022.
Mr. Cooper provides servicing and origination services focused on single-family residences across the U.S.
