MSR Value Growth & Market Trends
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THIRD QUARTER HIGHLIGHTS
$
FINANCIAL
©
OPERATIONAL
KAD
OTHER
Reported $299 million in net income and $3.29 per diluted share
TBV (1)
grew to $41.56 per share, up 73% year-over-year
Generated 25.2% Operating ROTCE(1)
Ended quarter with unrestricted cash of $731 million
Originations pretax operating income (1) was $273 million on funded volume of $19.9 billion
Servicing pretax operating income (1) was $44 million with $131 million in EBO revenues
UPB grew 2% q/q to $668 billion, with $32 billion in acquisitions closing post quarter-end
Repurchased 11.1 million common shares and 1 million preferred shares for $396 million
Closed sale of Xome Valuations
Subsequent to quarter-end, closed sale of Xome Field Services
(1) Please see appendix for reconciliations of non-GAAP items
Mr. CooperGroupView entire presentation