Mr Cooper

Feb 25, 2020

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Dec 31, 2019

Mr Cooper Q4 2019 Earnings Report

Mr. Cooper Group reported a strong operating quarter with solid results in Originations and Xome, and a stable quarter in servicing.

Key Takeaways

Mr. Cooper Group reported a net income of $461 million, or $4.95 per diluted share, for the fourth quarter of 2019. The results included a $285 million recovery of deferred tax asset reserve and a positive $102 million mark-to-market. Pretax operating income, excluding mark-to-market and other items, was $125 million.

Net income was $461 million, or $4.95 per diluted share, including $285 million recovery of valuation allowance and positive $102 million mark-to-market.

Pretax operating income was $125 million, equivalent to a 21.1% after-tax ROTCE.

Originations generated pretax income of $138 million on record funded volume of $12.6 billion.

Servicing UPB portfolio remained stable, ending the quarter at $643 billion.

Servicing Customer Count