Mr Cooper Group Inc (COOP)

[Large Green]

COOP 8K

https://www.sec.gov/ix?doc=/Archives/edgar/data/933136/000115752323000427/a53360870.htm

Item 7.01 Regulation FD Disclosure.

Mr. Cooper Group Inc. (the “Company”) made the following disclosures in relation to market events, including the recent closures of national banks:


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The Company’s corporate uninsured cash accounts are held in money center and global investment banks; and

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Client funds are held in insured deposit accounts at a mix of money center and regional banks.

Separately, the Company disclosed that over the course of the first quarter it has increased the target hedge ratio on its MSR hedge position to 75% of the net duration risk in its MSR portfolio from 25% at year-end 2022, with the goal of mitigating the risk to capital and tangible book value in a declining interest rate environment.

The information furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor will such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.



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