Mr. Cooper Group Inc (NAS:COOP)
$ 82.52 0.83 (1.02%) Market Cap: 5.34 Bil Enterprise Value: 12.99 Bil PE Ratio: 8.64 PB Ratio: 1.21 GF Score: 53/100

Mr Cooper Group Inc at Barclays Global Financial Services Conference Transcript

Sep 12, 2023 / 01:45PM GMT
Release Date Price: $53.98 (+0.02%)
Terry Ma
Barclays Bank PLC, Research Division - Research Analyst

Good morning, and welcome. Thank you for joining us. My name is Terry Ma, I'm the new consumer finance analyst at Barclays. I'm pleased to be joined by the gentleman from Mr. Cooper. We have Jay Bray, the CEO; Kurt Johnson, the CFO; and Christopher Marshall, the Vice Chairman and President. Welcome, gentlemen.

Questions & Answers

Terry Ma
Barclays Bank PLC, Research Division - Research Analyst

I think we're just going to get right into it. Can we just start with an update on the servicing business. Your portfolio will be about $950 billion pro forma for Home Point. Can you just talk about the appetite and opportunity for additional bulk MSR purchases going forward?

Christopher G. Marshall
Mr. Cooper Group Inc. - Vice Chairman & President

Well, I think we've been very active in the ballpark. I'm sure maybe more than anyone else in the space this year. I think we're covering rather about $200 billion so quite a lot of activity. We expect

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