Mr. Cooper Group (COOP) Tops Q1 EPS by $3.56
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Mr. Cooper Group Reports First Quarter 2021 Financial Results
April 29, 2021 7:00 AM EDTReported net income of $561 and $5.92 per diluted share, including other mark-to-market of $373 million¹, equivalent to a ROCE of 83% Generated record pretax operating income of $363 million, equivalent to a ROTCE of 43.1% Book value per share increased to $33.71 and Tangible book value per share increased to $31.97 Originations generated pretax income of $362 million on record funded volume of $25.1 billion Servicing portfolio grew 3% quarter-over-quarter to $646 billion Announced sale of Title365 for $500 million Repurchased 4.5 million shares of common stock for $148 million in the quarter Quarter-end unrestricted cash was $674 million
¹ Other mark-to-market... More
