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

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Analysts warned that the sharp fall in unemployment could lead to a rise in interest rates, but the Bank of England has pledged not to raise borrowing costs until the jobless rate falls to 7 per cent.

Lending Servicing Growing pains for Mr. Cooper? Nonbank takes big loss thanks to lower interest rates Adds more than 400,000 new servicing customers, but takes MSR-related loss

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

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

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