Mr. Cooper stays profitable despite major subservicing exit in Q2
Mr. Cooper's net income for the quarter reached $198 million, a notable increase from $88 million in Q1 2025, though slightly below last year's profit of $204 million.
If all of the subservicing clients negotiated their servicing agreements efficiently, they would have protections for instances like this, Jennifer McGuinness, CEO of Pivot Financial, said of the Rocket deal.