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16.06.25 - 20:06
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KBRA Assigns Preliminary Ratings to COOPR Residential Mortgage Trust 2025-CES2 (COOPR 2025-CES2) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 8 classes of Certificates from COOPR Residential Mortgage Trust 2025-CES2 (COOPR 2025-CES2), a $317.5 million RMBS transaction, as of the cut-off date, sponsored by Nationstar Mortgage LLC d/b/a Mr. Cooper and Loan Funding Structure VI LLC and consists almost entirely of 4,613 newly originated closed-end second lien mortgages (CES; 99.9%). The underlying pool is seasoned approximately 0.5 months and all loans are originated by Mr. Cooper. The collateral consists of fully amortizing, fixed-rate mortgages (FRMs) with predominantly 20-year (78.8%), 15-year (9.7%), 30-year (7.5%), and 10-year (3.6%) maturity terms.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assess...
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23.04.25 - 13:06
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Mr. Cooper Group Reports First Quarter 2025 Results (Business Wire)
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Reported net income of $88 million including other mark-to-market of ($82) million, equivalent to ROCE of 7.3% and operating ROTCE of 16.8%
Servicing portfolio grew 33% y/y to $1,514 billion
Won 2024 Fannie Mae Star Award
Announced combination with Rocket Companies
DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), reported first quarter income before income tax expense of $95 million and net income of $88 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $255 million. Adjustments included other mark-to-market net of hedges of $82 million and other items shown below in the reconciliation of GAAP and non-GAAP results.
Chairman and CEO Jay Bray commented, “This was another strong quarter, highlighting the power of our platform to deliver consistent, recurring, and predictable results, as well as higher returns. I'm proud of our team for their hard work, which has positioned Mr. Cooper to join forces with Rocket t...
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23.04.25 - 00:45
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KBRA Assigns Preliminary Ratings to COOPR Residential Mortgage Trust 2025-CES1 (COOPR 2025-CES1) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 8 classes of Certificates from COOPR Residential Mortgage Trust 2025-CES1 (COOPR 2025-CES1), a $310.6 million RMBS transaction, as of the cut-off date, sponsored by Nationstar Mortgage LLC d/b/a Mr. Cooper and Loan Funding Structure V LLC and consists almost entirely of 4,618 newly originated closed-end second lien mortgages (CES; 99.8%). The underlying pool is seasoned approximately one month and all loans are originated solely by Mr. Cooper. The collateral consists of fully amortizing, fixed-rate mortgages (FRMs) with predominantly 20-year (80.3%), 15-year (8.4%), 30-year (6.7%), and 10-year (4.4%) maturity terms.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an a...
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10.04.25 - 01:57
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Mr. Cooper Group Inc. to Release First Quarter 2025 Financial Results on April 23, 2025 (Business Wire)
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DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will release its first quarter 2025 financial results on April 23, 2025 at 7:00 A.M. Eastern Time.
The press release, investor presentation, and a recording of prepared remarks will be available under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com.
About Mr. Cooper Group Inc.
Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper®, Xome®, and Rushmore Servicing®. Mr. Cooper is the largest home loan servicer in the country focused on delivering a variety of servicing and lending products, services, and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies. For more information, visit www.mrcoopergroup.com.
Contacts
Kenneth Posner
Kenneth.Posner@mrcoo...
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04.04.25 - 23:45
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What Analysts Are Saying About Mr. Cooper Gr Stock (Benzinga)
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Latest Ratings for COOP
DateFirmActionFromTo Feb 2022Credit SuisseMaintainsOutperform Feb 2022Piper SandlerMaintainsOverweight Jan 2022BarclaysMaintainsEqual-Weight
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