MSR Value Growth & Market Trends

18 | TANGIBLE BOOK VALUE (TBV) AND TNW/ASSETS $ mm's Stockholders' equity Goodwill Intangible assets Tangible book value (TBV) Ending outstanding sharecount (mm's) TBV/share Assets Loans subject to repurchase from GNMA Assets from discontinued operations Tangible assets (1) TNW/Assets (2) TNW/Assets (2) excluding loans subject to repurchase from GNMA TNW/Assets(2) excluding assets from discontinued operations TNW/Assets (2) excluding loans subject to repurchase from GNMA and assets from discontinued operations (1) Tangible assets excludes goodwill and intangible assets (2) Based on TBV divided by Tangible assets 3Q'20 $2,341 (120) (42) $2,179 90.9 $23.98 $21,755 $5,395 $5,549 $21,593 10.1% 13.5% 4Q'20 $2,504 (120) (31) $2,353 89.5 $26.30 $24,165 $6,159 $5,347 $24,014 9.8% 13.2% 1Q'21 $2,904 (120) (27) $2,757 86.1 $32.01 $24,713 $5,816 $5,186 $24,566 11.2% 14.7% 2Q'21 $3,350 (120) (22) $3,208 86.1 $37.24 $23,308 $4,057 $4,935 $23,166 13.8% 16.8% 3Q'21 $3,260 (120) (18) $3,122 75.1 $41.56 $21,661 $2,703 $3,722 $21,523 14.5% 16.6% 17.5% 20.7% Mr. CooperGroup

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