Latest news with #Mr.CooperGroupInc
Business Wire
09-07-2025
- Business
- Business Wire
Mr. Cooper Group Inc. to Release Second Quarter 2025 Financial Results on July 23, 2025
DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will release its second quarter 2025 financial results on July 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, 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
Yahoo
03-07-2025
- Business
- Yahoo
Mr. Cooper (COOP)–Rocket Merger Could Reshape U.S. Mortgage Landscape
Mr. Cooper Group Inc. (NASDAQ:COOP) is one of the 20 undervalued momentum stocks that are taking off. On June 9, Mr. Cooper Group reported that its proposed merger with Rocket Companies Inc. (NYSE:RKT) has progressed further with the expiration of the waiting period under the respective regulatory act on June 4, 2025. As such, this development satisfied a key regulatory condition required for closing the deal, and thus the companies can progress towards finalizing the transaction. That said, the companies are still awaiting other necessary approvals, including shareholder consent and additional regulatory clearances. However, management has reiterated its expectation that the deal will close in the fourth quarter of 2025. A close-up of a loan officer handing a smiling customer a set of keys to their happily purchased home. The transaction, first announced on March 31, 2025, involves an all-stock merger in which Mr. Cooper shareholders will receive 11 Rocket shares for each share they hold. At the time of the announcement, this implied an equity value of $9.4 billion for Mr. Cooper, reflecting a 35% premium over its 30-day average price. Once completed, Rocket shareholders will own approximately 75% of the combined entity, with Mr. Cooper shareholders holding the remaining 25%. Managements on both sides are upbeat as they are about to form the strongest mortgage company in the industry. The deal combines Rocket's origination scale and technology with Mr. Cooper's industry-leading servicing platform. Together, the merged company will service more than $2.1 trillion in loans across nearly 10 million clients, roughly one in every six mortgages in the country. The companies estimate $500 million in annual run-rate synergies from operational efficiencies and revenue enhancements. Mr. Cooper Group Inc. (NASDAQ:COOP) is the largest home loan servicer in the U.S., focused on delivering a variety of servicing and lending products, services, and technologies. It provides customer-centric servicing, origination, and transaction-based services related principally to single-family residences throughout the country. While we acknowledge the potential of COOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
BTIG Maintains a Hold Rating on Mr. Cooper Group (COOP)
Mr. Cooper Group Inc. (NASDAQ:COOP) is one of the . On May 20, BTIG analyst Eric Hagen maintained a Hold rating on Mr. Cooper Group Inc. (NASDAQ:COOP) without a price target. The rating came despite the company surpassing earnings expectations, with a reported EPS of $2.97, compared to expectations of $2.81. A direct-to-consumer channel customer checking their mortgage account online. Mr. Cooper Group Inc. (NASDAQ:COOP) also reported income before income tax expense of $95 million and net income of $88 million in fiscal Q1 2025. Pretax operating income came up to $255 million, excluding other mark-to-market and other adjustments. Mr. Cooper Group Inc. (NASDAQ:COOP) provides residential loan services and operates through the segments Servicing and Originations. The Servicing segment manages the collection of loan payments, management of escrow funds for the payment of mortgage-related expenses, remittance of principal and interest payments to investors, and more. The Originations segment, in contrast, offers refinance opportunities to existing servicing customers. While we acknowledge the potential of COOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
27-05-2025
- Business
- Yahoo
Jim Cramer Says 'Mr. Cooper (COOP) is Done'
We recently published a list of . In this article, we are going to take a look at where Mr. Cooper Group Inc. (NASDAQ:COOP) stands against other stocks that Jim Cramer discusses. When a caller asked if Cramer would sell Mr. Cooper Group Inc. (NASDAQ:COOP) stock, he commented, 'You take your profit right now. That thing's done. Mr. Cooper is done.' A direct-to-consumer channel customer checking their mortgage account online. Mr. Cooper Group (NASDAQ:COOP) is a non-bank mortgage company that services residential loans and originates new ones through direct and correspondent channels. The company also offers related services under brands like Mr. Cooper, Xome, and Rushmore Servicing. Diamond Hill Capital stated the following regarding Mr. Cooper Group Inc. (NASDAQ:COOP) in its Q1 2025 investor letter: 'On an individual holdings basis, among our top contributors in Q1 were Mr. Cooper Group Inc. (NASDAQ:COOP) and UGI Corporation. Mortgage servicing company Mr. Cooper Group executed well during a particularly challenging mortgage environment as interest rates have remained high relative to historical levels. Importantly, Mr. Cooper's business model is specifically designed to help protect it from just such periods: As rates go up, the value of its mortgage-servicing rights business goes up, giving it the ability to continue generating healthy cash flows even as the mortgage industry overall may slow. Shares were additionally boosted by the announcement on the final day of the quarter that the company will be acquired by Rocket Companies in an all-stock deal projected to close in the fourth quarter of this year.' Overall, COOP ranks 16th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of COOP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COOP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Jim Cramer Says 'Mr. Cooper (COOP) is Done'
We recently published a list of . In this article, we are going to take a look at where Mr. Cooper Group Inc. (NASDAQ:COOP) stands against other stocks that Jim Cramer discusses. When a caller asked if Cramer would sell Mr. Cooper Group Inc. (NASDAQ:COOP) stock, he commented, 'You take your profit right now. That thing's done. Mr. Cooper is done.' A direct-to-consumer channel customer checking their mortgage account online. Mr. Cooper Group (NASDAQ:COOP) is a non-bank mortgage company that services residential loans and originates new ones through direct and correspondent channels. The company also offers related services under brands like Mr. Cooper, Xome, and Rushmore Servicing. Diamond Hill Capital stated the following regarding Mr. Cooper Group Inc. (NASDAQ:COOP) in its Q1 2025 investor letter: 'On an individual holdings basis, among our top contributors in Q1 were Mr. Cooper Group Inc. (NASDAQ:COOP) and UGI Corporation. Mortgage servicing company Mr. Cooper Group executed well during a particularly challenging mortgage environment as interest rates have remained high relative to historical levels. Importantly, Mr. Cooper's business model is specifically designed to help protect it from just such periods: As rates go up, the value of its mortgage-servicing rights business goes up, giving it the ability to continue generating healthy cash flows even as the mortgage industry overall may slow. Shares were additionally boosted by the announcement on the final day of the quarter that the company will be acquired by Rocket Companies in an all-stock deal projected to close in the fourth quarter of this year.' Overall, COOP ranks 16th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of COOP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COOP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
