Excluded From Bailouts, Mortgage Servicers Face Cash Crunch [The New York Times]
Mr. Cooper Group Inc. (COOP)
Last mr. cooper group inc. earnings: 4/30 07:00 am
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Source: The New York Times
WASHINGTON — Federal policymakers have rushed to backstop nearly everycorner of the financial systemhousing industryThe strain is expected to intensify in the coming weeks, as businesses shed millions of workers who will have little choice but to seek a hardship payment waiver or forbearance from their lenders. That could put a large swath of the mortgage industry in jeopardy, with firms that are not banks but make loans and collect payments facing asevere cash crunch and potential insolvency.Lawmakers in both parties have begun warning about a looming crisis and are urging the Federal Reserve chair, Jerome H. Powell, and Treasury Secretary Steven Mnuchin to take swift action. This month, a bipartisan group of senators warned Mr. Mnuchin that$100 billion of mortgage payments“Mortgage servicers are expected to face increased strain as millions of homeowners and renters lose jobs, are furloughed, or see reduced hours, all of which will keep them from making mortgage and rent payments, a
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COOP
News
- Mr. Cooper Completes Acquisition of Flagstar’s Mortgage OperationsBusiness Wire
- 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
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