Mr. cooper completes acquisition of flagstar's mortgage operations

Dallas--(business wire)--mr. cooper group inc. (“mr. cooper”) announced today that it has closed the previously announced acquisition of flagstar bank n.a. (“flagstar”)'s mortgage operations. the transaction included acquisition of msrs, advances, subservicing contracts, and flagstar's third-party origination platform for approximately $1.3 billion in cash. mr. cooper's chairman and ceo jay bray commented, “this acquisition demonstrates our ability to deliver full-service solutions to financial.
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