Mr Cooper Group Inc (COOP)

[JusticeWillWin]

=====>PR: Mr. Cooper Group Reports Third Quarter 2018 Financial Results and Signed Agreement for Strategic Acquisition of Originator with $25 Billion Servicing and $10+ Billion Annual Originations

https://www.businesswire.com/news/home/20181108005318/en/Mr.-Cooper-Group-Reports-Quarter-2018-Financial

Most important points:

$(64) million Predecessor quarterly GAAP loss (for one month ended July 31, 2018), $(0.65) per diluted share
$1,011 million Successor quarterly GAAP income (for two months ended September 30, 2018), $10.99 per diluted share
$54 million combined adjusted income for Predecessor and Successor, $0.58 per diluted share
[...]

Signed agreement for strategic acquisition of originator with $25 billion servicing and $10+ billion annual originations
[...]

“We are continuing to make strategic investments to grow all our segments, and we are excited to announce our plans to acquire Pacific Union Financial, LLC. We believe this acquisition is complementary to our business and significantly increases our originations volume and capabilities. Subject to regulatory approvals, the transaction will also allow us to grow our Servicing portfolio by approximately $25 billion upon closing in early 2019.”

[...]

Mr. Cooper boarded $37 billion UPB in the quarter to close the third quarter servicing portfolio at $514 billion UPB. The Company is on track to achieve its previously stated goal of 5% growth for the year with an expectation to end the year at $535 billion UPB.