Mr Cooper Group Inc fka COOP

[JusticeWillWin]

Mr. Cooper Group Reports Fourth Quarter 2020 Financial Results

https://www.businesswire.com/news/home/20210223005272/en/Mr.-Cooper-Group-Reports-Fourth-Quarter-2020-Financial-Results

* Reported $191 million net income or $2.00 per diluted share
* Generated strong pretax operating income of $329 million, equivalent to a ROTCE of 44.1%
* Tangible book value per share increased to $26.27 from $23.95 in the prior quarter
* Originations segment generated pretax income of $435 million on record funded volume of $24.5 billion, up 57% quarter-over-quarter
* Servicing portfolio grew 7% quarter-over-quarter to $626 billion
* Redeemed $750 million of senior notes with $100 million cash and issued $650 million in new notes at 5.125%, extending liquidity runway to 6 years
* Repurchased 1.4 million shares of common stock for $34 million
* Quarter-end unrestricted cash of $695 million

and

The company’s balance sheet has never been in better shape.