Mr. Cooper Group Inc. 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® and Xome®. Mr. Cooper is one of the largest home loan servicers 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.

Company profile
Ticker
COOP
Exchange
Website
CEO
Jay Bray
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
WASHINGTON MUTUAL INC, WASHINGTON MUTUAL, INC, WMI HOLDINGS CORP., WMIH CORP.
SEC CIK
Corporate docs
Subsidiaries
Nationstar Mortgage Holdings Inc. • Nationstar Sub1 LLC • Nationstar Mortgage LLC ...
IRS number
911653725
COOP stock data
News

Mr. Cooper Group Earnings Perspective: Return On Capital Employed
1 Aug 22
PayPal, Alphabet And Some Other Big Stocks Recording Gains On Wednesday
28 Jul 22
Why This Healthcare Stock Dipped Over 75%; Here Are 73 Biggest Movers From Yesterday
28 Jul 22
This Asset Management Stock Is Trading Higher By More Than 45%, Here Are 54 Stocks Moving In Wednesday's Mid-Day Session
27 Jul 22
Recap: Mr. Cooper Gr Q2 Earnings
27 Jul 22
Press releases
Analyst ratings and price targets
Investment data
Securities sold
Number of investors
Calendar
27 Jul 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 629M | 629M | 629M | 629M | 629M | 629M |
Cash burn (monthly) | 26.67M | 16.67M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 38.61M | 24.13M | n/a | n/a | n/a | n/a |
Cash remaining | 590.39M | 604.87M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 22.1 | 36.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Jul 22 | Jesse K Bray | Common Stock | Sell | Dispose S | No | Yes | 40.23 | 46,000 | 1.85M | 608,767 |
21 Jun 22 | Jesse K Bray | Common Stock | Sell | Dispose S | No | Yes | 38.32 | 46,000 | 1.76M | 654,767 |
20 May 22 | Jesse K Bray | Common Stock | Sell | Dispose S | No | Yes | 42.45 | 46,000 | 1.95M | 1,048,915 |
19 May 22 | Burr Elizabeth | Common Stock | Grant | Acquire A | No | No | 0 | 2,514 | 0 | 32,250 |
19 May 22 | Guthrie Roy A | Common Stock | Grant | Acquire A | No | No | 0 | 2,514 | 0 | 66,442 |
9 May 22 | Jesse K Bray | Common Stock | Gift | Dispose G | No | No | 0 | 348,148 | 0 | 700,767 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 254.79M |
Total shares | 187.34M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
KKR Group Partnership | 187.34M | $254.79M |
Financial report summary
?Risks
- We may be unable to obtain sufficient capital to operate our business.
- Our substantial indebtedness may limit our financial and operating activities and our ability to incur additional debt to fund future needs.
- Our earnings may decrease because of changes in prevailing interest rates and/or declines in home prices.
- We use financial models that rely heavily on estimates in determining the fair value of certain assets and liabilities, such as MSRs and excess spread, and if our estimates or assumptions prove to be incorrect, it may affect our earnings.
- The IRS could challenge the amount, timing and/or use of our NOL carry forwards.
- Possible changes in legislation could negatively affect our ability to use the tax benefits associated with our NOL carry forwards.
- Our hedging strategies may not be successful in mitigating our risks associated with interest rates.
- We have third-party credit and servicer risks which could have a material adverse effect on our business, liquidity, financial condition and results of operation.
- Changes in the method of determining the London Inter-Bank Offered Rate (“LIBOR”), or the replacement of LIBOR with an alternative reference rate, may adversely affect interest rates and financial markets as a whole.
- A significant increase in delinquencies for the loans, including as a result of the COVID-19 pandemic, that we own and service could have a material impact on our revenues, expenses and liquidity and on the valuation of our MSRs.
- We may not be able to maintain or grow our business if we do not acquire MSRs or enter into additional subservicing agreements on favorable terms.
- Some of the loans we service are higher risk loans, which are more expensive to service than conventional mortgage loans and may lead to liquidity challenges.
- We are required to make servicing advances that can be subject to delays in recovery or may not be recoverable in certain circumstances.
- Our counterparties may terminate our servicing rights and subservicing contracts.
- We could have a downgrade in our servicer ratings.
- We may not be able to maintain the volumes in our loan originations business, which would adversely affect our ability to replenish our servicing business.
- We are highly dependent upon loan programs administered by Fannie Mae, Freddie Mac, the Federal Housing Administration, the Department of Veterans Affairs, the US Department of Agriculture and Ginnie Mae (collectively, the “Agencies”) to generate revenues through mortgage loan sales to institutional investors.
- We may not be successful in implementing certain strategic initiatives.
- Technology failures or cyber-attacks against us or our vendors could damage our business operations, and new laws and regulations could increase our costs.
- Our capital investments in technology may not achieve anticipated returns.
- We and our vendors have operations in India that could be adversely affected by changes in political or economic stability or by government policies.
- Our vendor relationships subject us to a variety of risks.
- We could have, appear to have or be alleged to have conflicts of interest with Xome.
- Our risk management policies and procedures may not be effective.
- Our business could suffer if we fail to attract, or retain, highly skilled employees and changes in our executive management team may be disruptive to our business.
- Negative public opinion could damage our reputation and adversely affect our business.
- Our business is subject to the risks of earthquakes, hurricanes, fires, floods, health pandemics and other natural catastrophic events.
- We operate within a highly regulated industry on federal, state and local levels and our business results are significantly impacted by the laws and regulations to which we are subject, as well as scrutiny from governmental or regulatory agencies.
- We are subject to numerous legal proceedings, federal, state or local governmental examinations and enforcement investigations. Some of these matters are highly complex and slow to develop, and results are difficult to predict or estimate.
- Unlike competitors that are national banks, we are subject to state licensing and operational requirements that result in substantial compliance costs.
- Our business would be adversely affected if we lose our licenses.
- We may incur increased litigation costs and related losses if a court overturns a foreclosure or if a loan we are servicing becomes subordinate to a Home Owners Association lien.
- Residential mortgage foreclosure proceedings in certain states have been delayed due to lack of judicial resources and legislation and as a result of the COVID-19 pandemic, all of which could have a negative effect on our ability to liquidate loans timely and slow the recovery of advances and thus impact our earnings or liquidity.
- Our common stock, and any other instruments treated as stock for purposes of Section 382, is subject to transfer restrictions under our Certificate of Incorporation which, if not complied with, could result in the forfeiture of such stock and related distributions.
- Anti-takeover provisions in our Certificate of Incorporation and Amended and Restated Bylaws (“Bylaws”) and under Delaware law, as well as certain existing contractual arrangements, make a third-party acquisition of us difficult.
- The market price of our common stock may decrease, and you may lose all or part of your investment.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Dollar amounts are reported in millions, except per share data and other key metrics, unless otherwise noted.
- We have provided a glossary of terms, which defines certain industry-specific and other terms that are used herein, at the end of the MD&A section.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
custodial, exceeding, goal, instrument, slightly, target, upsize
Removed:
entering, payable, pressure, thousand
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
27 Jul 22
8-K
Regulation FD Disclosure
25 May 22
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Results of Operations and Financial Condition
28 Apr 22
8-K
Departure of Directors or Certain Officers
21 Apr 22
8-K
Regulation FD Disclosure
31 Mar 22
8-K
Departure of Directors or Certain Officers
24 Mar 22
8-K
Entry into a Material Definitive Agreement
11 Feb 22
8-K
Results of Operations and Financial Condition
11 Feb 22
8-K
Departure of Directors or Certain Officers
10 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
16 May 19
RW
Registration withdrawal request
29 Aug 18
S-3ASR
Automatic shelf registration
29 Aug 18
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Aug 18
POS AM
Prospectus update (post-effective amendment)
31 Jul 18
S-8
Registration of securities for employees
31 Jul 18
425
Business combination disclosure
27 Jul 18
425
Business combination disclosure
16 Jul 18
425
Business combination disclosure
13 Jul 18
425
Business combination disclosure
6 Jul 18
Proxies
Other
EFFECT
Notice of effectiveness
9 Aug 18
EFFECT
Notice of effectiveness
1 Jun 18
CORRESP
Correspondence with SEC
28 May 18
CORRESP
Correspondence with SEC
17 May 18
UPLOAD
Letter from SEC
17 Apr 18
EFFECT
Notice of effectiveness
28 Jan 18
NO ACT
No action letter
8 Mar 17
EFFECT
Notice of effectiveness
24 Nov 15
CORRESP
Correspondence with SEC
23 Nov 15
UPLOAD
Letter from SEC
6 Jul 15
Ownership
4
Mr. Cooper / Jesse K Bray ownership change
21 Jul 22
4
Mr. Cooper / Jesse K Bray ownership change
22 Jun 22
4
Mr. Cooper / Jesse K Bray ownership change
23 May 22
4
Mr. Cooper / STEVEN D SCHEIWE ownership change
23 May 22
4
Mr. Cooper / Tagar Olson ownership change
23 May 22
4
Mr. Cooper / Shveta Mujumdar ownership change
23 May 22
4
Mr. Cooper / Michael D Malone ownership change
23 May 22
4
Mr. Cooper / Daniela Jorge ownership change
23 May 22
4
Mr. Cooper / ROY A GUTHRIE ownership change
23 May 22
4
Mr. Cooper / Elizabeth Burr ownership change
23 May 22
Transcripts
2022 Q2
Earnings call transcript
27 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
11 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
23 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
30 Apr 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
What Are Your Moves Tomorrow - June 17, 2022
16 Jun 22
Follow up on Bloomberg article RE Softbank mulls what to do with Fortress?
12 Jun 22
What is Novation Companies Inc. $NOVC Board real game plan?
8 Jun 22
What is really up w/ this Penny Stock 80% owned by Mass Mutual & sub Barings 17% + NOVC Board connected to clan own 40M 35% + Fortress/EJF Capital own 31M hidden behind CDOs Taberna I & II/Kodiak CDO I that also own NOVC only Sr Debt Debt is ruse to stall a true restructuring & take 47M shrs at cent
24 May 22
Penny Stock Novation Co $NOVC future maybe split into 2 tax fee companies a tax exempt MREIT relaunch $NFI with CCR that control billions of collateral assets and turn www.healthcare-staffing.com HCS into an organization that will use $730M NOLs possible merger with Hudson Global $HSON.
6 May 22
How sophisticated investors Fortress, EJF Capital, Mass Mutual Barings may create a dividend out of a penny stock with 730M NOLs READ ON
4 May 22
Is there any way I could do day trading, but with chicken tenders/nuggets?
29 Apr 22