Mr. Cooper

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Growing pains for Mr. Cooper? Nonbank takes big loss thanks to lower interest rates

May 01, 2019By

Mr. Cooper grew its business significantly in the first few months of the year, closing the acquisitions of Pacific Union Financial and IBM’s Seterus mortgage servicing platform in the first quarter alone. But despite all of that, the nonbank formerly known as Nationstar Mortgage still took a big financial loss in the first quarter, due to lower interest rates.

3d rendering of a row of luxury townhouses along a street

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