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Sep 30, 2023
Mr Cooper Q3 2023 Earnings Report
Mr. Cooper Group reported a net income of $275 million for Q3 2023, with significant growth in servicing UPB and book value per share.
Key Takeaways
Mr. Cooper Group reported a strong Q3 2023 with a net income of $275 million. The company's servicing portfolio reached $937 billion, making it the nation's largest servicer. The company also closed acquisitions of Home Point Capital and Roosevelt Management Company.
Net income was reported at $275 million, with a Return on Common Equity (ROCE) of 26.2%.
Book value per share and tangible book value per share increased to $65.38 and $62.78, respectively.
Servicing UPB grew 10% year-over-year, reaching $937 billion.
The company repurchased 1.0 million shares of common stock for $58 million.
Mr Cooper
Mr Cooper
Forward Guidance
Mr. Cooper Group did not provide specific forward guidance in this earnings report.