MSR Value Growth & Market Trends

ABOVE 15% CAPITAL TARGET PRO FORMA FOR REVERSE SALE 15%+ Target 13.4% 10.1% 3Q'20 ● ● 13.2% 9.8% 4Q'20 Tangible Net Worth/Assets (1) 14.7% 11.2% 1Q'21 Excluding loans subject to repurchase from GNMA 16.8% 15 (¹)Please see appendix for reconciliations of non-GAAP measures 13.8% 2Q'21 16.6% 14.5% 3Q'21 20.7% 17.5% 3Q'21 Pro Forma For Reverse Sale Loans subject to repurchase from GNMA decreased from $4.1 billion to $2.7 billion quarter-over-quarter 3Q'21 pro forma excludes $3.7 billion in assets from discontinued operations related to sale of the Reverse portfolio Tangible Net Worth/Assets (1) Rollforward 2Q¹21 Operating earnings Other mark-to-market Income tax / other Stock repurchase Reduction in assets 3Q'21 Assets of discontinued operations 3Q'21 pro forma excl. Reverse Loans subject to repurchase from GNMA 3Q'21 pro forma excl. Reverse and EBO TNW ($ mm's) $3,208 263 153 (106) (396) TNW/Assets 13.8% 1.1% 0.7% (0.4%) (1.7%) 1.0% 14.5% 3.0% 17.5% 3.2% 20.7% Mr. CooperGroup

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