Mr. Cooper Completes Sale of Reverse Servicing Portfolio
Mr. Cooper Group Inc. (COOP)
Last mr. cooper group inc. earnings: 4/30 07:00 am
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (“Mr. Cooper Group” or “the Company”) announced today that it has completed the sale of its Reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affiliates.“We’re pleased to complete this sale, which allows us to continue on our path of rationalizing and simplifying the business model, in order to focus on the attractive growth opportunities in our core mortgage servicing and originations segments,” said Jay Bray, Chairman and CEO of Mr. Cooper Group, and added, “We believe this transaction is a positive outcome for our Reverse customers and the team members who have supported this business.”Vice Chairman, President and CFO Chris Marshall commented, “This transaction improves profitability and liquidity, simplifies our financial statements, and strengthens our capital ratios, which are now above our previously disclosed target of 15%.” The Company estimated that pro forma
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COOP
Earnings
- 2/9/24 - Miss
COOP
Sec Filings
- 4/15/24 - Form 144
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- COOP's page on the SEC website