Mr Cooper Group Inc (COOP): ============>Mr. Cooper Group Reports...

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Tuesday, 02/25/2020 7:04:59 AM

Tuesday, February 25, 2020 7:04:59 AM

============>Mr. Cooper Group Reports Fourth Quarter 2019 Financial Results<===============

https://www.businesswire.com/news/home/20200225005286/en/Mr.-Cooper-Group-Reports-Fourth-Quarter-2019

Reported $461 million net income or $4.95 per diluted share, including $285 million recovery of valuation allowance and positive $102 million mark-to-market
Strong pretax operating income of $125 million, equivalent to a 21.1% after-tax ROTCE
Generated Originations pretax income of $138 million on record funded volume of $12.6 billion
Servicing UPB portfolio remained stable, ending the quarter at $643 billion
Xome reported pretax income of $9 million and pretax operating income of $14 million
Tangible book value per diluted share increased from $16.88 to $22.00
Subsequent to quarter end, called $100 million of senior notes, issued $600 million in senior notes maturing 2027 with coupon of 6.0%, and redeemed senior notes maturing 2021 and 2022

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