Mr Cooper Group Inc (COOP)

[t1215s]

FYI. Announced acquisition of Flagstar’s mortgage operations, including MSRs and subservicing contracts totaling approximately $356 billion in unpaid principal balance (UPB), for $1.4 billion in cash

July 25 2024 - 7:00AM
Business Wire

Mr. Cooper Group Reports Second Quarter 2024 Results and Announces Acquisition of Mortgage Operations From Flagstar

Reported net income of $204 million including other mark-to-market of $68 million, equivalent to ROCE of 18.1% and operating ROTCE of 15.3%
Book value per share and tangible book value per share increased to $71.24 and $68.67
Servicing portfolio grew 37% y/y to $1,206 billion
Repurchased 0.3 million shares of common stock for $24 million. Board of directors approved additional $200 million for stock repurchase, bringing total authorization to approximately $270 million

GOGOOOOOOCOOP

GLTA-Ts