Mr Cooper

Oct 29, 2020

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Sep 30, 2020

Mr Cooper Q3 2020 Earnings Report

Mr. Cooper Group reported a net income of $214 million and EPS of $2.18, driven by record origination fundings and a 51% operating ROTCE.

Key Takeaways

Mr. Cooper Group reported a strong third quarter with a net income of $214 million and diluted EPS of $2.18. The company's performance was driven by record origination fundings and a 51% operating ROTCE. The company also strengthened its balance sheet by redeeming senior notes and refinancing debt at a lower coupon rate.

Net income was reported at $214 million, with diluted EPS at $2.18.

Pretax operating income reached $348 million, equivalent to a ROTCE of 50.9%, despite a mark-to-market loss of $29 million.

The originations segment achieved a record pretax income of $438 million, supported by a record funded volume of $15.6 billion.

Xome's pretax income was reported at $15 million, with pretax operating income at $18 million.