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Sep 30, 2024
Mr Cooper Q3 2024 Earnings Report
Mr. Cooper Group reported strong Q3 2024 results driven by servicing and originations performance.
Key Takeaways
Mr. Cooper Group reported a strong third quarter with income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $246 million. The company's servicing portfolio ended the quarter at $1,239 billion.
Exceptional quarter with an operating ROTCE of 16.8% and record liquidity.
Acquisition of Flagstar’s mortgage operations on target to close in the fourth quarter.
Servicing segment recorded pre-tax income of $177 million.
Originations funded $6.8 billion in loans, with an 80% increase quarter-over-quarter.
Forward Guidance
The company is on track to close the acquisition of Flagstar's mortgage operations in the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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