Mr Cooper Q1 2020 Earnings Report
Key Takeaways
Mr. Cooper Group reported a net loss for Q1 2020, primarily driven by a negative mark-to-market adjustment. However, the company demonstrated strong operational performance with pretax operating income of $127 million, and the originations segment achieving pretax income of $158 million.
Net loss of $171 million or $1.84 per diluted share, including a negative $383 million mark-to-market.
Pretax operating income of $127 million, equivalent to a 19.6% after-tax ROTCE.
Originations segment generated pretax income of $158 million on funded volume of $12.4 billion.
Xome reported pretax income of $11 million, with third-party revenue rising to 55%.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Forward Guidance
Company expects business to continue to produce excellent results throughout the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income