Mr Cooper Group

Mr. Cooper Makes C-Suite Changes

Posted on by TMN Editor
Kurt Johnson and Christine Paxton have been appointed to c-suite positions at Mr. Cooper, the company announced in a press release. Johnson has been named Chief Financial Officer, and Paxton named EVP and Chief Risk and Compliance Officer. Paxton was promoted to take Johnson’s place after his move to CFO. Johnson has been with the company since 2015, having most recently served as Chief Risk and Compliance Officer. He has more than two decades of experience in originations, servicing treasury, portfolio management, and financial planning. “With his decades of experience in mortgage banking, strong relationships with government and industry stakeholders, and a detailed understanding of our platform, Kurt is already a major force at the company and in the industry.…

Mortgage Earnings Roundup

Posted on by TMN Editor
Mortgage and real estate companies are releasing their earnings reports for Q2 2022, providing information on the state of the housing market and where it might be headed. NPR’s David Gura noted on Morning Edition that earnings reports “can shape our understanding of what the economy may look like in the future.” “So while earnings reports and calls executives do with analysts may seem dry, not relevant to most people, they are worth paying attention to because companies have access to tons of data about themselves, their customers, talking about customer spending patterns, how they’re feeling,” he said. Some major players in the mortgage industry released their reports this week. Freddie Mac said its earnings fell by 33% YOY, netting…