General World News

Mr. Cooper’s origination segment is back to profitability  

Mr. Cooper Group‘s profits strongly increased in the first quarter of 2023, as forecasted by its executives. The servicing portfolio again propelled the quarterly performance, but this time, the origination segment also contributed to the results by returning to profitability.

The company reported on Wednesday that it delivered $37 million in net income from January to March, compared to $1 million in the fourth quarter. The result included a mark-to-market of $63 million, a $1 million severance charge and $10 million losses with equity investments.

Mr. Cooper’s chairman and CEO details ⇒

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