Mr. Cooper Group Inc. - Common Stock (COOP)

Mr. Cooper Group Inc. (NASDAQCOOP) announced today that Mike Rawls, Chief Executive Officer of Xome®, plans to retire effective June 30, 2025, and Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition.

Mr. Cooper Group Inc. (NASDAQCOOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025.

Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has closed the previously announced acquisition of Flagstar Bank N.A. (“Flagstar”)’s mortgage operations. The transaction included acquisition of MSRs, advances, subservicing contracts, and Flagstar’s third-party origination platform for approximately $1.3 billion in cash.

Mr. Cooper Group Inc. (NASDAQCOOP) (the “Company”), reported third quarter income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $246 million. Adjustments included other mark-to-market net of hedges of $126 million and other items shown below in the reconciliation of GAAP and non-GAAP results.

Mr. Cooper Group Inc. (NASDAQCOOP) announced today several senior leadership updates as the company continues to focus on innovation with investments in new technologies and artificial intelligence to better support customers on their homeownership journey.

Mr. Cooper Group Inc. (NASDAQCOOP) will discuss its financial results for the third quarter 2024 on October 23, 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 used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com.

Mr. Cooper Group Inc. (NASDAQCOOP) announced today that Jay Bray, Chairman and Chief Executive Officer, Mike Weinbach, President, and Kurt Johnson, Executive Vice President and Chief Financial Officer, are scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 3:30 P.M. Eastern Time as part of a fireside chat.

Mr. Cooper Group Inc. (NASDAQCOOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”), of $750,000,000 6.500% Senior Notes due 2029 (the “Notes”). The Notes will bear interest at 6.500% per annum and will mature on August 1, 2029. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on February 1, 2025.

Mr. Cooper Group Inc. (NASDAQCOOP) (the “Company”), reported second quarter income before income tax expense of $277 million and net income of $204 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $219 million. Adjustments included other mark-to-market net of hedges of $68 million and other items shown below in the reconciliation of GAAP and non-GAAP results.

Mr. Cooper Group Inc. (NASDAQCOOP) will discuss its financial results for the second quarter 2024 on July 25, 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 used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com.

Xome®, a leading online real estate marketplace, today announced its DIY sales platform, which allows investors full transparency and control from their property listing to post-closing, all in real time and with no seller’s fees or agent required.

Mr. Cooper Group Inc. (NASDAQCOOP) (the “Company”), reported first quarter income before income tax expense of $232 and net income of $181 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $199 million. Adjustments included other mark-to-market net of hedges of $42 million and other items shown below in the reconciliation of GAAP and non-GAAP results.

Shares of Mr. Cooper Group Inc. (NASDAQCOOP) traded at a new 52-week high today and are currently trading at $79.44. So far today, approximately 73,706 shares have been exchanged, as compared to an average 30-day volume of 345.19k shares.

Mr. Cooper Group Inc. (NASDAQCOOP) announced today the appointment of two new senior leaders. Ranjit Bhattacharjee will join the executive leadership team on May 6, 2024, as Executive Vice President and Chief Investment Officer, overseeing capital markets and correspondent lending for the company and reporting to Chairman and CEO Jay Bray. Kevin Barker assumed the role of Senior Vice President, Corporate Finance on April 22, 2024, leading the company’s business finance teams and reporting to Chief Financial Officer Kurt Johnson.

Mr. Cooper Group Inc. (NASDAQCOOP) will discuss its financial results for the first quarter 2024 on April 24, 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 used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com.

Mr. Cooper Group Inc. (NASDAQCOOP) (the “Company”), reported fourth quarter income before income tax expense of $69 and net income of $46 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $151 million. Adjustments included other mark-to-market net of hedges of $41 million, $27 million related to the previously disclosed cyber event, and other items shown below in the reconciliation of GAAP and non-GAAP results.

Mr. Cooper Group Inc. (NASDAQCOOP) (“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.

Mr. Cooper Group Inc. (NASDAQCOOP) 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 used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com.

Mr. Cooper Group Inc. (NASDAQCOOP) 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.

Mr. Cooper Group Inc. (NASDAQCOOP) (the “Company”) reported third quarter net income of $275 million. Excluding other mark-to-market and certain other items, pretax operating income was $249 million, which benefitted from a $67 million gain from the collapse of a securitization trust. Excluding that gain, operating return on equity was 13.8% in the quarter. Other mark to market adjustment was $61 million, and other items included a $96 million preliminary bargain purchase gain related to the Home Point Capital Acquisition, a $39 million loss associated with equity investments primarily related to the sale of our Title business in 2021, and other items as is reconciled below.

Xome®, a leading real estate marketplace, today announced the launch of Xome Auction Simulator™, a game which allows users to learn and experience the thrill of online real estate auctions. Through this gamified simulation, novice investors can get more comfortable with the process of finding and evaluating properties and participating in real-world auctions, all in a fun environment with no real-world financial risk.

Mr. Cooper Group Inc. (NASDAQCOOP) will discuss its financial results for the third quarter 2023 on October 25, 2023 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 used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com.

Mr. Cooper Group Inc. (NASDAQCOOP) announced today that Jay Bray, Chairman and Chief Executive Officer, Chris Marshall, Vice Chairman and President, and Kurt Johnson, Executive Vice President and Chief Financial Officer, are scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023 at 9:45 A.M. Eastern Time as part of a fireside chat.

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Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has completed its acquisition of the investment management firm, Roosevelt Management Company, LLC (“Roosevelt”) and its affiliated subsidiaries. This acquisition, which includes a registered investment advisor and licensed MSR owner, positions Mr. Cooper to move forward with its MSR-related asset management strategy.