Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans. The Originations segment originates residential mortgage loans through its direct-to-consumer channel, as well as originates and purchases loans from mortgage bankers and brokers. The Xome segment offers a range of real estate services, such as title, valuation, and field services to mortgage originators, mortgage and real estate investors, and mortgage servicers. This segment also operates an exchange that facilitates the management and selling of residential properties through its website, Xome.com. It operates primarily under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. is based in Coppell, Texas.
IPO Year:
Exchange: NASDAQ
Website: mrcoopergroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/22/2024 | $95.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $88.00 | Buy | Deutsche Bank |
| 12/6/2023 | $80.00 | Buy | UBS |
| 11/15/2023 | $74.00 | Overweight | Barclays |
| 10/2/2023 | $62.00 → $65.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/21/2022 | Neutral | BTIG Research | |
| 2/14/2022 | $52.00 → $59.00 | Outperform | Credit Suisse |
| 2/14/2022 | $60.00 → $71.00 | Overweight | Piper Sandler |
| 1/10/2022 | $39.00 → $46.00 | Equal-Weight | Barclays |
| 10/29/2021 | $46.00 → $52.00 | Outperform | Credit Suisse |
Mr. Cooper Group Inc. ("Mr. Cooper") announced today that it has closed the previously announced acquisition of Flagstar Bank N.A. ("Flagstar")'s mortgage operations. The transaction included acquisition of MSRs, advances, subservicing contracts, and Flagstar's third-party origination platform for approximately $1.3 billion in cash. Mr. Cooper's Chairman and CEO Jay Bray commented, "This acquisition demonstrates our ability to deliver full-service solutions to financial institutions and other clients, helping them manage their balance sheet and legacy and ongoing operations to achieve their strategic goals. We welcome Flagstar's customers, clients, and team members to Mr. Cooper and expect
Reported net income of $80 million including other mark-to-market of ($126) million, equivalent to ROCE of 6.9% and operating ROTCE of 16.8% Book value per share and tangible book value per share increased to $72.49 and $69.93 Servicing portfolio grew 32% y/y to $1,239 billion Repurchased 0.5 million shares of common stock for $46 million Issued $750 million senior notes priced at 6.5% Certified as Great Place to Work for the 6th year in a row Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported third quarter income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today several senior leadership updates as the company continues to focus on innovation with investments in new technologies and artificial intelligence to better support customers on their homeownership journey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009439789/en/Sridhar Sharma, Chief Innovation and Digital Officer at Mr. Cooper (Photo: Business Wire) Sridhar Sharma will assume the role of Executive Vice President and Chief Innovation and Digital Officer. Sharma has been with the company for the last decade serving as Chief Information Officer. Under his leadership, Mr. Co
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the third quarter 2024 on October 23, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available appro
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today that Jay Bray, Chairman and Chief Executive Officer, Mike Weinbach, President, and Kurt Johnson, Executive Vice President and Chief Financial Officer, are scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 3:30 P.M. Eastern Time as part of a fireside chat. A live webcast of the fireside chat will be available under the investor section on Mr. Cooper Group's website, www.investors.mrcoopergroup.com. A replay of the webcast will be available shortly after the event and will be available through 10/10/2024. About Mr. Cooper Group Inc. Mr. Cooper Group Inc. (NASDAQ:COOP) provides q
LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company's new Chief Executive Officer and member of the Board. LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company's proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Mr. Stone is a senior financial services executive with more than 25 years of experience in online loan origination, loan servicing operations, credit
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper") announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper ("Nationstar"), of $750,000,000 6.500% Senior Notes due 2029 (the "Notes"). The Notes will bear interest at 6.500% per annum and will mature on August 1, 2029. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on February 1, 2025. The offering is expected to close on or around August 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper's MSR f
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
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 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 Mr. Cooper Gro
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the second quarter 2024 on July 25, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available approx
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
Keefe Bruyette downgraded Mr. Cooper Group from Outperform to Mkt Perform and set a new price target of $95.00
Deutsche Bank initiated coverage of Mr. Cooper Group with a rating of Buy and set a new price target of $88.00
UBS initiated coverage of Mr. Cooper Group with a rating of Buy and set a new price target of $80.00
Barclays initiated coverage of Mr. Cooper Group with a rating of Overweight and set a new price target of $74.00
Keefe Bruyette upgraded Mr. Cooper Group from Mkt Perform to Outperform and set a new price target of $65.00 from $62.00 previously
BTIG Research initiated coverage of Mr. Cooper Group with a rating of Neutral
Credit Suisse reiterated coverage of Mr. Cooper Group with a rating of Outperform and set a new price target of $59.00 from $52.00 previously
Piper Sandler reiterated coverage of Mr. Cooper Group with a rating of Overweight and set a new price target of $71.00 from $60.00 previously
Barclays reiterated coverage of Mr. Cooper Group with a rating of Equal-Weight and set a new price target of $46.00 from $39.00 previously
Credit Suisse reiterated coverage of Mr. Cooper Group with a rating of Outperform and set a new price target of $52.00 from $46.00 previously
Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
Mr. Cooper Gr (NASDAQ:COOP) reported quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.37 by 6.33 percent. The company reported quarterly sales of $583.000 million which beat the analyst consensus estimate of $550.712 million by 5.86 percent. This is a 19.96 percent increase over sales of $486.000 million the same period last year.
Keefe, Bruyette & Woods analyst Bose George downgrades Mr. Cooper Gr (NASDAQ:COOP) from Outperform to Market Perform and maintains the price target from $95 to $95.
In the last three months, 6 analysts have published ratings on Mr. Cooper Gr (NASDAQ:COOP), offering a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 3 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $91.83, a high estimate of $100.00, and a low estimate of $80.00. This current average reflects a
Keefe, Bruyette & Woods analyst Bose George maintains Mr. Cooper Gr (NASDAQ:COOP) with a Outperform and raises the price target from $92 to $95.
U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov, 2023. The index surged 2.7%, snapping a three-week losing streak, while the Dow added 0.7% last week. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust. Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side
Barclays analyst Mark Devries maintains Mr. Cooper Gr (NASDAQ:COOP) with a Overweight and raises the price target from $85 to $94.
Deutsche Bank analyst Mark Devries maintains Mr. Cooper Gr (NASDAQ:COOP) with a Buy and raises the price target from $88 to $90.
Keefe, Bruyette & Woods analyst Bose George reiterates Mr. Cooper Gr (NASDAQ:COOP) with a Outperform and raises the price target from $86 to $92.
Wedbush analyst Jay McCanless maintains Mr. Cooper Gr (NASDAQ:COOP) with a Outperform and raises the price target from $85 to $100.
Reported net income of $80 million including other mark-to-market of ($126) million, equivalent to ROCE of 6.9% and operating ROTCE of 16.8% Book value per share and tangible book value per share increased to $72.49 and $69.93 Servicing portfolio grew 32% y/y to $1,239 billion Repurchased 0.5 million shares of common stock for $46 million Issued $750 million senior notes priced at 6.5% Certified as Great Place to Work for the 6th year in a row Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported third quarter income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the third quarter 2024 on October 23, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available appro
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
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 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 Mr. Cooper Gro
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the second quarter 2024 on July 25, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available approx
Reported net income of $181 million including other mark-to-market of $42 million, equivalent to ROCE of 16.7% and operating ROTCE of 14.5% Book value per share and tangible book value per share increased to $68.06 and $65.48 Servicing portfolio grew 33% y/y to $1,136 billion Repurchased 0.5 million shares of common stock for $39 million Issued $1 billion senior notes maturing 2032 with coupon of 7.125% Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported first quarter income before income tax expense of $232 and net income of $181 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $199 million. Adjustments
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the first quarter 2024 on April 24, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available approx
Reported net income of $46 million including other mark-to-market loss of $41 million, equivalent to ROCE of 4.3% and operating ROTCE of 11.1% Book value per share and tangible book value per share increased to $66.29 and $63.67 Servicing portfolio grew 14% y/y to $992 billion Repurchased 1.3 million shares of common stock for $72 million Subsequent to quarter end, issued $1 billion senior notes maturing 2032 with coupon of 7.125% Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported fourth quarter income before income tax expense of $69 and net income of $46 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income o
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the fourth quarter 2023 on February 9, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available app
Reported total net income of $275 million, equivalent to ROCE of 26.2% Book value per share and tangible book value per share increased to $65.38 and $62.78 Servicing UPB grew 10% y/y to $937 billion, establishing Mr. Cooper as the nation's largest servicer Repurchased 1.0 million shares of common stock for $58 million Closed acquisitions of Home Point Capital and Roosevelt Management Company Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company") reported third quarter net income of $275 million. Excluding other mark-to-market and certain other items, pretax operating income was $249 million, which benefitted from a $67 million gain from the collapse of a securitization trust.
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LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company's new Chief Executive Officer and member of the Board. LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company's proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Mr. Stone is a senior financial services executive with more than 25 years of experience in online loan origination, loan servicing operations, credit
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of two new senior leaders. Ranjit Bhattacharjee will join the executive leadership team on May 6, 2024, as Executive Vice President and Chief Investment Officer, overseeing capital markets and correspondent lending for the company and reporting to Chairman and CEO Jay Bray. Kevin Barker assumed the role of Senior Vice President, Corporate Finance on April 22, 2024, leading the company's business finance teams and reporting to Chief Financial Officer Kurt Johnson. "Ranjit's deep knowledge of capital markets and correspondent lending and Kevin's extensive understanding of the mortgage industry will undoubtedly bring new ide
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company's operations, including Originations, Servicing and Technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240109408504/en/Mike Weinbach, President (Photo: Business Wire) With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. Most recently, he served as CEO of Consumer Lending for Wells Fargo and as a member of the firm's Operating Committee, respon
Mr. Cooper Group Inc. (NASDAQ:COOP) announced two executive leadership appointments today – the appointment of Kurt Johnson to Chief Financial Officer and Christine Paxton as Executive Vice President and Chief Risk and Compliance Officer. Johnson joined the company in 2015 and most recently served as Chief Risk and Compliance Officer, responsible for credit and market risk management and leading the risk and compliance organization. With 25 years in the mortgage industry, Johnson has experience in originations, servicing, treasury, portfolio management and financial planning. In his time with Mr. Cooper, Johnson also led the multi-year Project Titan servicing transformation initiative and
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Carlos M. Pelayo as Executive Vice President and Chief Legal Officer. Pelayo will lead the company's legal department and corporate governance functions and will serve on the executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230222005987/en/Carlos M. Pelayo, Executive Vice President and Chief Legal Officer (Photo: Business Wire) "We are pleased to welcome Carlos to the Mr. Cooper Group executive leadership team," said Jay Bray, Chairman and CEO of Mr. Cooper Group. "Carlos' experience as a legal executive and leader within several large
Seasoned Technology Leader to Spearhead Digital Transformation and Innovation Xome® announced today it has appointed James Curl as Senior Vice President and Chief Technology Officer. Curl brings more than 15 years of experience leading technology and innovation teams at major organizations such as T-Mobile and Deloitte, where he oversaw large scale digital transformation initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221004005968/en/James Curl, Xome Chief Technology Officer (Photo: Business Wire) Curl will lead the Xome enterprise-wide technology team and initiatives to create and source transformative technology so
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Jaime Gow as Executive Vice President and Chief Financial Officer. Gow succeeds Chris Marshall, who has served as Vice Chairman and President since June 2021. As CFO, Gow will continue to report to Marshall. Gow joined Mr. Cooper Group in 2019 as SVP Accounting, Financial Planning and Analysis, and he most recently served as Deputy Chief Financial Officer. Before joining Mr. Cooper, Gow served as Senior Vice President and Banking Finance Executive for First Horizon National Corporation. Previously, Gow served as Chief Accounting Officer at Capital Bank, which was acquired by First Horizon in December 2017. Additionally
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Daniela Jorge to its board of directors. Jorge currently serves as Vice President and Chief Design Officer at PayPal, a leading financial technology company and online payments system. "We are excited to welcome Daniela to our board and believe her experience leading organizations through design transformations that enhance the customer and user experience will be critical as we remain focused on delighting our customers," said Jay Bray, Chairman and CEO of Mr. Cooper Group. Jorge's background includes 15 years of leading user experience design at top consumer brands including PayPal, AT&T, eBay and Intuit. At PayPal,
Mr. Cooper today announced the promotion of Vice Chairman Chris Marshall to President, with operating responsibility for the originations and servicing segments and key business functions including technology and digital transformation. Chris will retain his existing responsibilities pending appointment of a new Chief Financial Officer. The company also disclosed that Chief Operating Officer Tony Ebers has resigned to pursue other opportunities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210623005911/en/Chris Marshall, President (Photo: Business Wire) Mr. Cooper Chairman and CEO Jay Bray commented, "Having demonstrated the r
DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) today announced that Kurt Johnson, who has been with the company for five years and most recently served as the company’s Chief Credit Officer, will now also lead risk and compliance for the organization as Executive Vice President and Chief Risk and Compliance Officer. With more than 20 years of experience in the mortgage industry, Johnson has led critical work for the company in setting risk related policy and governance. Most recently, he led the charge within the company and the industry on the mortgage relief options included in the CARES Act, working with government agencies to advocate for homeowners and ensure Mr.