Mr. Cooper Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 12:04 pm
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Mr. Cooper Group Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 486 million compared to USD 599 million a year ago. Net income was USD 142 million compared to USD 151 million a year ago. Basic earnings per share from continuing operations was USD 2.1 compared to USD 2.08 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 2.03 a year ago.
For the six months, revenue was USD 816 million compared to USD 1,651 million a year ago. Net income was USD 179 million compared to USD 809 million a year ago. Basic earnings per share from continuing operations was USD 2.62 compared to USD 11.04 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 10.74 a year ago.
Mr. Cooper Group Inc. provides servicing, origination and transaction-based services related to single family residences throughout the United States under the Mr. Cooper and Xome brands. The Company is also a home loan servicer and originator in the country focused on delivering a variety of servicing and lending products, services and technologies. The Company's Servicing segment performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans. The Company's Originations segment originates residential mortgage loans through its direct-to-consumer channel, which provides refinance options for its existing customers, and through its correspondent channel, which purchases or originates loans from mortgage bankers. The Companyâs subsidiaries are Home Point Capital Inc., and Roosevelt Management Company, LLC.
MR. COOPER GROUP INC. 
