Mr. Cooper Group (COOP) Reports Q2 EPS of $0.77
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Mr. Cooper Group Reports Second Quarter 2020 Financial Results
July 30, 2020 7:00 AM EDTReported $73 million net income or $0.77 per diluted share Generated strong pretax operating income of $350 million, equivalent to a ROTCE of 55.0%, offset by a mark-to-market loss of $261 million Increased unrestricted cash quarter-over-quarter from $579 million to $1.0 billion Originations segment generated record pretax income of $433 million and pretax operating income of $434 million on funded volume of $10.7 billion Servicing margin compressed to 0.7 bps Xome reported pretax income of $12 million and pretax operating income of $13 million Forbearance declined from a peak of 7.1% of customers to 5.9% as of July 27th Board authorized $100 million stock... More
