Source: LDmicro

Press Release: Mr. Cooper Group Inc : Mr. Cooper Group Reports Third Quarter 2018 Financial Results and Signed Agreement for Strategic Acquisition of Originator with $25 Billion Servicing and $10+ Billion Annual Originations

Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), which principally operates under the Mr. Cooper® and Xome® brands, reported third quarter GAAP net loss of $(64) million, $(0.65) per diluted share for the one month ended July 31, 2018 (Predecessor), and reported GAAP net income of $1,011 million, $10.99 per diluted share for the two months ended September 30, 2018 (Successor). On an adjusted basis, the Company reported combined earnings for the third quarter of $54 million, $0.58 per diluted share.

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Jay Bray

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Mr. Cooper provides home loan services for real estate agents, home buyers and sellers. Read more