Mortgage Firms Teeter Near Crisis That Regulators Saw Coming [Yahoo! Finance News]
Mr. Cooper Group Inc. (COOP)
Last mr. cooper group inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance News
) -- Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to the financial system.Now, many of those companies say they are in desperate need of a bailout to stave off bankruptcy and a potential collapse of the U.S. housing market.Any rescue might not come quickly, as regulators are holding off on providing additional help to see if policies already put in place ease the industry’s expected cash crunch, according to people familiar with the matter. That could lead to anxious moments for Quicken Loans, Freedom Mortgage, Mr Cooper Group Inc. and other nonbank mortgage firms.Read More: U.S. Holds Off on Extending Virus Aid to Mortgage ServicersFederal mortgage watchdogs didn’t predict a pandemic like coronavirus grinding the economy to halt, but many of them did see a potential nonbank liquidity crisis coming. Their efforts to impose more safeguards ran agrou
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COOP
News
- Mr. Cooper Group Adds Former Fannie Mae Executive and Industry Veteran Andrew Bon Salle to Board of DirectorsBusiness Wire
- 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
COOP
Earnings
- 10/23/24 - Miss
COOP
Sec Filings
- 10/30/24 - Form 4
- 10/2/24 - Form 4
- COOP's page on the SEC website