secwatch.observer — SEC 8-K summary
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Issuer:     Maverick Merger Sub 2, LLC (—)
CIK:        0000933136
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001193125-24-108410
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mr. Cooper Q1 net income $181M, operating ROTCE 14.5%, servicing portfolio up 33% YoY
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- Net income $181M; pretax operating income $199M; ROCE 16.7%, operating ROTCE 14.5%.
- Servicing portfolio $1,136B (+33% YoY); pretax operating income $273M; 60+ day delinquency 1.6%.
- Originations pretax income $32M; funded $2.9B UPB (11,599 loans) with 55% purchase volume.
- Repurchased 0.5M shares for $39M; issued $1B senior notes at 7.125% due 2032.
- Book value per share $68.06; tangible book value per share $65.48.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933136/000119312524108410/0001193125-24-108410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933136/000119312524108410/d815065d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-108410

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer