Mr. Cooper Completes Acquisition of Flagstar’s Mortgage Operations
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”) announced today that it has closed the previously announced acquisition of Flagstar Bank N.A. (“Flagstar”)’s mortgage operations. The transaction included acquisition of MSRs, advances, subservicing contracts, and Flagstar’s third-party origination platform for approximately $1.3 billion in cash.Mr. Cooper’s Chairman and CEO Jay Bray commented, “This acquisition demonstrates our ability to deliver full-service solutions to financial institutions and other clients, helping them manage their balance sheet and legacy and ongoing operations to achieve their strategic goals. We welcome Flagstar’s customers, clients, and team members to Mr. Cooper and expect to fully integrate operations onto our platform during early 2025.”Mike Weinbach, Mr. Cooper Group President, added, “We now serve more than 6 million customers, and for every single customer we are dedicated to keeping the dream of homeownership alive and to finding ways
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News
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its price target raised by analysts at Compass Point from $97.00 to $110.00. They now have a "buy" rating on the stock.MarketBeat
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $115.00 price target on the stock.MarketBeat
- Mr. Cooper Group Reports Third Quarter 2024 ResultsBusiness Wire
- Mr. Cooper Group Announces Senior Leadership Updates to Drive Digital-First Strategy and AI-Powered Home Loan ExperienceBusiness Wire
- Mr. Cooper Group Inc. to Discuss Third Quarter 2024 Financial Results on October 23, 2024Business Wire
COOP
Earnings
- 10/23/24 - Miss
COOP
Sec Filings
- 10/30/24 - Form 4
- 10/2/24 - Form 4
- 8/30/24 - Form 4
- COOP's page on the SEC website