Mr. Cooper’s Earnings Slide From Q1 But Benefit From Servicing

July 29, 2022

National Mortgage News, July 27, 2022–Brad Finkelstein (subscription)
Mr. Cooper’s second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were heavily driven by a $196 million positive mark-to-market valuation on its mortgage servicing rights.
https://www.nationalmortgagenews.com/news/mr-coopers-earnings-slide-from-q1-but-benefit-from-servicing?