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Dec 31, 2022
Mr Cooper Q4 2022 Earnings Report
Mr. Cooper Group reported a net income of $1 million for Q4 2022.
Key Takeaways
Mr. Cooper Group reported a net income of $1 million for the fourth quarter of 2022, which included a $58 million mark-to-market adjustment. Excluding mark-to-market and other items, the company's pretax operating income was $82 million. The servicing portfolio grew to $870 billion in UPB, up 23% year-over-year.
Net income was $1 million, including a $58 million mark-to-market adjustment.
Book value per share increased to $58.57.
Servicing UPB grew to $870 billion, up 23% year-over-year.
The company repurchased 1.3 million shares for $54 million.
Mr Cooper
Mr Cooper
Forward Guidance
No specific forward guidance was provided in the document.