Mr. Cooper Reports $83M Profit in Q3

Mr. Cooper Group has announced that it recorded a net income of $83 million in the third quarter, its first quarterly profit.

Shares of the Texas-based reinsurance company have climbed almost 5% this year but fallen 14% over the last 12 months, according to an article from the Associated Press.  

Mr. Cooper was born out of the merger of Nationstar Mortgage and WMIH Corp., the former parent company of Washington Mutual. That deal that was finalized last year.

Read the full article from the Associated Press

Related Content

Mortgage Delinquencies Dip to Lowest Since 1995

Fannie-Freddie Stock Sales May Happen By 2022: FHA

Bill Bodnar of MMG: Lower Rates for Longer Than Most Would Expect