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Sep 30, 2022
Mr Cooper Q3 2022 Earnings Report
Mr. Cooper Group reported a net income of $113 million, with servicing UPB growing to $854 billion, up 28% year over year.
Key Takeaways
Mr. Cooper Group reported a solid quarter with a net income of $113 million. The company saw strong growth in its servicing portfolio and book value per share. The company repurchased 1.1 million common shares for $50 million.
Net income was reported at $113 million, including other mark-to-market of $122 million, equivalent to ROCE of 11.1%.
Book value per share increased to $58.18 and tangible book value per share increased to $56.35.
Servicing UPB grew to $854 billion, up 28% year-over-year.
The company repurchased 1.1 million common shares for $50 million.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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