Mr Cooper Group Inc (COOP)

[StillHoping]

COOP 8K

https://www.snl.com/xbrl/iXBRLViewer.aspx?KeyFile=405051292&file=a52270354.htm

On August 20, 2020, Mr. Cooper Group Inc. (the “Company”) disclosed the terms of a new financing facility for Ginnie Mae mortgage servicing rights and advances. The new fully committed two-year $900 million facility replaces a $300 million Ginnie Mae mortgage servicing rights facility previously in place. With this facility, the Company’s total committed advance and mortgage servicing rights financing capacity is now $2.7 billion, of which $1.8 billion was unused as of August 20, 2020.

Additionally, the Company disclosed that it has estimated the impact of the recent 50-bps Fannie Mae and Freddie Mac fee change on the fair value of its pipeline, net of an offsetting mark on the fair value of its mortgage servicing rights, at approximately $20 million, and that one-time costs principally related to premiums and unamortized debt issuance costs in connection with the refinancing of Senior Notes due 2023 was $53 million.