Trade Mr Cooper Group Inc - COOP CFD

Mr. Cooper Company profile

About Mr Cooper Group Inc

Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It is focused on delivering a variety of servicing and lending products, services, and technologies. It operates through two segments: Servicing and Originations. The Servicing segment performs operational activities on behalf of investors or owners of the underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service and modifying loans. The Originations segment originates residential mortgage loans through direct-to-consumer channel, which provides refinance options for existing customers. The Company's brand includes Mr. Cooper and Xome. Mr. Cooper is a home loan originator focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers and home sellers.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Mr Cooper Group Inc revenues increased 23% to $3.32B. Net income applicable to common stockholders excluding extraordinary items increased from $304M to $1.43B. Revenues reflect Servicing segment increase from $63M to $1.27B. Net income benefited from General and administrative expense - B decrease of 18% to $547M (expense).

Equity composition

Common Stock no Par, 7/08, 1.6B auth., 1,705,359,302 issd. Insiders control less than 1% (incl. 8.7M in options). PO: 3/83, 794,832 shs @$12.50 by Salomon Bros. PO: 1/97, 14.6M shs @ $47.50 by Merrill Lynch. 5/01, 6/98, 8/93, 2/92, 3-for-2 stock splits. 08/08, Company delisted from NYSE to OTC Pink sheets.03/2012, The Company has been delisted.