Update: Mr. Cooper & New Residential Investment

August 9, 2021 | In this Premium Service issue of The Institutional Risk Analyst, we review a couple of earnings announcements, including Mr. Cooper (NASDAQ:COOP) and New Residential (NYSE:NRZ). The big surge in income and net worth caused by the Federal Open Market Committee last year is rapidly ending. Winter has returned to mortgage land. More, virtually every nonbank mortgage finance company that went public in 2020 now trades below its offering price, Inside Mortgage Finance reports. The big question this week is whether the planned IPO for Better.com will be pulled, an eventuality sadly that we predicted several months ago when things looked much brighter in the world of 1-4 family mortgages.

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