Mr Cooper Group Inc

Latest Results (17.02.2026):

Mr. Cooper Group Inc. reported results for the first quarter of 2025 (Q1 2025). The company recorded net income of $88 million (income before income tax expense $95 million). Excluding other mark‑to‑market and other adjustments, pretax operating income was $255 million. Reported ROCE was 7.3% and operating ROTCE was 16.8%. The company also announced a planned combination with Rocket Companies and highlighted servicing growth to $1,514 billion.

Key financials

Net income: $88 million; income before income tax expense: $95 million. Basic EPS $1.38 and diluted EPS $1.35 for Q1 2025. Reported ROCE 7.3% (Q4'24 ROCE 17.3%).

Operating (non‑GAAP) results

Pretax operating income (ex‑other mark‑to‑market and other adjustments) was $255 million for the quarter. The company recorded an other mark‑to‑market charge of $82 million that reduced GAAP results; operating ROTCE was 16.8%.

Servicing segment

Servicing pretax income was $214 million (pretax operating income excluding other mark‑to‑market and accounting items: $332 million). Servicing portfolio ended the quarter at $1,514 billion. MSR carrying value was $11,345 million (155 bps of MSR UPB). 60+ day delinquency was 1.5% and annualized CPR was 5.0%.

Originations segment

Originations pretax income was $45 million and pretax operating income was $53 million. The company funded 32,296 loans totaling approximately $8.3 billion UPB (direct‑to‑consumer $1.9 billion; correspondent $6.4 billion). Funded volume decreased 10% quarter‑over‑quarter; pull‑through adjusted volume decreased 2% to $8.8 billion. Purchase volume was 72% of funded volume; refinance recapture 51%.

Balance sheet & capital

Total assets were $18,446 million and total stockholders’ equity was $4,890 million at March 31, 2025. Tangible book value (TBV) was $4,641 million, TBV per share $72.53, and book value per share $76.43.

Corporate developments & investor items

Mr. Cooper Group announced a planned combination with Rocket Companies and noted it won the 2024 Fannie Mae Star Award. The company released its Q1 2025 results on April 23, 2025 and posted the press release, investor presentation, and recording on its investor website.