Mr Cooper Q2 2020 Earnings Report
Key Takeaways
Mr. Cooper Group reported a net income of $73 million, or $0.77 per diluted share, for the second quarter. Excluding mark-to-market adjustments and other items, the company generated a pretax operating income of $350 million. The Originations segment achieved record pretax income, while the Servicing segment experienced a loss due to mark-to-market adjustments.
Net income was reported at $73 million, or $0.77 per diluted share.
Pretax operating income was $350 million, equivalent to a ROTCE of 55.0%, offset by a mark-to-market loss of $261 million.
Unrestricted cash increased quarter-over-quarter from $579 million to $1.0 billion.
The origination segment generated record pretax income of $433 million and pretax operating income of $434 million on funded volume of $10.7 billion.
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Mr Cooper Revenue by Segment
Forward Guidance
This document does not contain forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income