Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Servicing portfolio...expected to REACH $1.1 TRILLION in first quarter!

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/933136/000115752324000124/a53888532.htm

* Pretax income was $69 million and pretax operating income was $151 million, which excludes $27 million in one-time charges related to our previously disclosed cyber incident and other adjustments
* Book value per share and tangible book value per share increased to $66.29 and $63.67
* The Company incurred a mark-to-market loss of $41 million on the MSR portfolio, net of hedge gains, equivalent to a realized hedge ratio of 81%
* Servicing portfolio grew to $992 billion and including pending transactions is expected to reach $1.1 trillion in first quarter
* Servicing generated pretax income of $184 million and pretax operating income of $229 million
* Originations generated pretax income of $9 million and pretax operating income of $10 million on $2.7 billion in fundings
* The Company ended the quarter with TNW/assets of 29% and available liquidity of $2.4 billion, consisting of $572 million in unrestricted cash and $1.85 billion in unused lines
* MSR 60+ day delinquencies continued to decline, reaching the lowest level in our history as a public company, 1.3% as of December 31, 2023