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Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs

Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs

Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, largely due to MSR gains and a deal with fintech company Sagent.

The post Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs appeared first on HousingWire.

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Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs
Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs
Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs
Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs
housingwire housingwire | 1 year ago
Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, largely due to MSR gains and a deal with fintech company Sagent. The post Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs appeared first on HousingWire.
Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, largely due to MSR gains and a deal with fintech company Sagent. The post Mr. Cooper delivers $658M in profit in Q1 on strength of MSRs appeared first on HousingWire.
Despite rising rates, Rocket delivers $1B profit in Q1 - HousingWire
Despite rising rates, Rocket delivers $1B profit in Q1 - HousingWire
Despite rising rates, Rocket delivers $1B profit in Q1 - HousingWire
Despite rising rates, Rocket delivers $1B profit in Q1 - HousingWire
housingwire housingwire | 1 year ago
Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million in Q4. The post Despite rising rates, Rocket delivers $1B profit in Q1 appeared first on HousingWire.
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Guild Mortgage reports a $208M profit in Q1
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Guild Mortgage reports a $208M profit in Q1
housingwire housingwire | 1 year ago
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter. The post Guild Mortgage reports a $208M profit in Q1 appeared first on HousingWire.
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter. The post Guild Mortgage reports a $208M profit in Q1 appeared first on HousingWire.
Mr. Cooper names new vice presidents
Mr. Cooper names new vice presidents
Mr. Cooper names new vice presidents
Mr. Cooper names new vice presidents
housingwire housingwire | 2 years ago
Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own – Jaime Gow and Ethan Elzen – into executive vice president roles. The post Mr. Cooper names new vice presidents appeared first on HousingWire.
Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own – Jaime Gow and Ethan Elzen – into executive vice president roles. The post Mr. Cooper names new vice presidents appeared first on HousingWire.
Mr. Cooper lays off 420 while mortgage industry cuts mount
Mr. Cooper lays off 420 while mortgage industry cuts mount
Mr. Cooper lays off 420 while mortgage industry cuts mount
Mr. Cooper lays off 420 while mortgage industry cuts mount
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The pace of layoffs across the mortgage landscape isn’t letting up, with more firms announcing major cuts in response to rising interest rates and declining volumes.Mr. Cooper is laying off approximately 420 staff members, or 5% of its total employee base, mostly in originations, it announced Thursday. The terminations include 16% of the company’s California workforce, with 120 cuts at its Santa Ana, California office. Mr. Cooper already laid off approximately 250 employees during the first...
The pace of layoffs across the mortgage landscape isn’t letting up, with more firms announcing major cuts in response to rising interest rates and declining volumes.Mr. Cooper is laying off approximately 420 staff members, or 5% of its total employee base, mostly in originations, it announced Thursday. The terminations include 16% of the company’s California workforce, with 120 cuts at its Santa Ana, California office. Mr. Cooper already laid off approximately 250 employees during the first...
Black Knight reports $360M profit in Q1
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housingwire housingwire | 1 year ago
In the first quarter, Black Knight’s revenue reached $387.2 million, an increase of 11% compared to the same period of 2021. The post Black Knight reports $360M profit in Q1 appeared first on HousingWire.
In the first quarter, Black Knight’s revenue reached $387.2 million, an increase of 11% compared to the same period of 2021. The post Black Knight reports $360M profit in Q1 appeared first on HousingWire.
Mr. Cooper lays off workers as originations nosedive
Mr. Cooper lays off workers as originations nosedive
Mr. Cooper lays off workers as originations nosedive
Mr. Cooper lays off workers as originations nosedive
housingwire housingwire | 1 year ago
Add Mr. Cooper to the list of lenders and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And it's going to get very rough in Q2. The post Mr. Cooper lays off workers as originations nosedive appeared first on HousingWire.
Add Mr. Cooper to the list of lenders and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And it's going to get very rough in Q2. The post Mr. Cooper lays off workers as originations nosedive appeared first on HousingWire.
Mr. Cooper promotes Gow to CFO, Elzen to EVP
Mr. Cooper promotes Gow to CFO, Elzen to EVP
Mr. Cooper promotes Gow to CFO, Elzen to EVP
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The moves are the latest executive changes at the company since Chris Marshall moved up to president.
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Mr. Cooper cuts more jobs as origination outlook dims
Mr. Cooper cuts more jobs as origination outlook dims
Mr. Cooper cuts more jobs as origination outlook dims
Mr. Cooper cuts more jobs as origination outlook dims
housingwire housingwire | 1 year ago
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. It's also lowered guidance on originations income in Q2. The post Mr. Cooper cuts more jobs as origination outlook dims appeared first on HousingWire.
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. It's also lowered guidance on originations income in Q2. The post Mr. Cooper cuts more jobs as origination outlook dims appeared first on HousingWire.
Mr. Cooper lays off 250, predicts two tough quarters ahead
Mr. Cooper lays off 250, predicts two tough quarters ahead
Mr. Cooper lays off 250, predicts two tough quarters ahead
Mr. Cooper lays off 250, predicts two tough quarters ahead
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago