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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mr Cooper Group Inc | NASDAQ:COOP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.75 | 0.97% | 78.26 | 78.26 | 78.32 | 78.86 | 77.535 | 78.34 | 134,029 | 18:40:43 |
Delaware
|
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001-14667
|
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91-1653725
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(State or Other Jurisdiction
of Incorporation)
|
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(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.)
|
☐
|
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
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Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
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Common Stock, $0.01 par value per share
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COOP
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The Nasdaq Stock Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or
Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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●
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Originations segment earnings before taxes are estimated to be approximately $400 million, based on funded volume of $16 billion, pull-through adjusted lock volume of $19 billion, and pretax margins of approximately 2%, reflecting a
strong ramp-up in correspondent production
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●
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Servicing segment margins are expected to be approximately break-even, as the benefits of a one-time settlement are expected to be offset by higher amortization, with forward owned CPR running above 25% quarter-to-date
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●
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Xome is expected to continue to benefit from strong results in Title, with pretax operating profitability consistent with 2Q’20 levels
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●
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Through September 6th, the forbearance rate as a percentage of total customers has remained roughly stable
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●
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In connection with the Company’s recently announced plans to hire an additional 2,000 new team members by year end, the Company disclosed that as of June 30, 2020 it had 8,672 employees
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Mr. Cooper Group Inc.
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||
Date: September 15, 2020 | ||
By:
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/s/ Christopher G. Marshall
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Christopher G. Marshall
Vice Chairman & Chief Financial Officer
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1 Year Mr Cooper Chart |
1 Month Mr Cooper Chart |
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