Mr. Cooper Group Inc. (COOP) Expands Mortgage ServicesMr. Cooper Group Inc. (COOP) is one of the largest home loan servicers and mortgage lenders in the U.S., helping customers manage their homeownership journey. The company provides mortgage servicing, originations, and related financial solutions designed to simplify the lending process. Growth is fueled by a large servicing portfolio, strong refinancing activity, and expanding digital tools that enhance the customer experience.
On the chart, a confirmation bar with climbing volume shows increased buying strength. The price has entered the momentum zone after breaking above the .236 Fibonacci level. A trailing stop can be set just below this Fibonacci mark using the Fibonacci snap tool, allowing traders to lock in gains while leaving space for potential further price appreciation.
COOP trade ideas
Mr. Cooper (COOP): Mortgage Trends Drive Chart MomentumMr. Cooper Group Inc. (COOP) is one of the largest mortgage servicing companies in the U.S., helping millions of homeowners manage and refinance their loans. The company offers a range of mortgage solutions while focusing on digital tools that simplify the lending experience. With a strong servicing portfolio and a growing presence in loan originations, Mr. Cooper benefits from steady housing market activity and demand for refinancing in a shifting rate environment.
The chart recently showed a confirmation bar with increasing volume, pushing the price above the 0.236 Fibonacci level—placing it into the momentum zone. This kind of move signals growing buyer interest and could point to continued strength if momentum holds.
$COOP Golden Cross Buy Signal in Mr CooperPossible entry level $12.50 with $15 price target.
Extremely low 2.3 P/E ratio
Short interest 7.5%
Company profile
Mr. Cooper Group, Inc. is engaged in the provision of residential loan services. It operated through the following segments: Servicing, Originations and Xome. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio. The Originations segment provides refinance opportunities to the existing servicing customers through direct-to-consumer platform and purchases loans from originators through correspondent channel. The Xome segment offers technology and data-enhanced solutions to banks, non-banks, investment companies, and GSEs engaged in the origination, investment, servicing of mortgage loans, as well as to home buyers, home sellers, real estate professionals mortgage professionals, and real estate investors. The company was founded on August 17, 1994 and is headquartered in Coppell, TX.