Mr. Cooper Group (COOP) Reports Q2 EPS of $4.85
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Mr. Cooper Group Reports Second Quarter 2021 Net Income of $439 Million
July 29, 2021 7:00 AM EDTReported total net income of $439 million and $4.85 per diluted share, equivalent to a ROCE of 56% Generated pretax operating income from continuing operations of $227 million, equivalent to ROTCE of 23.1% Book value per share increased to $38.89 and Tangible book value per share increased to $37.24 Originations generated pretax income of $207 million on funded volume of $22.2 billion Servicing portfolio grew 4% quarter-over-quarter to $654 billion Completed sale of Title365 for $500 million Unrestricted cash was $1.2 billion as of July 1st, 2021 Subsequent to quarter-end, announced $500 million stock repurchase authorization and agreement to sell Reverse servicing... More
