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Jun 30, 2024
Mr Cooper Q2 2024 Earnings Report
Mr. Cooper Group reported Q2 2024 results and announced the acquisition of mortgage operations from Flagstar.
Key Takeaways
Mr. Cooper Group reported a strong second quarter with income before income tax expense of $277 million and net income of $204 million. Excluding other mark-to-market and other adjustments, the company reported pretax operating income of $219 million. The company also announced the acquisition of Flagstar’s mortgage operations, which is expected to close in the fourth quarter of 2024.
Reported second quarter income before income tax expense of $277 million.
Net income for the quarter was $204 million.
Pretax operating income, excluding adjustments, was $219 million.
Announced acquisition of Flagstar’s mortgage operations, expected to close in Q4 2024.
Mr Cooper
Mr Cooper
Forward Guidance
No specific forward guidance was provided in the release.