Mr. cooper group completes sale of title365 for $500 million

Dallas--(business wire)--mr. cooper group inc. (“mr. cooper”) announced today that it has completed the sale of title365 to blend labs, inc. on june 30, 2021, for $500 million, consisting of $450 million in cash and a retained interest of 9.9 percent. consistent with previously disclosed expectations, mr. cooper received cash proceeds of approximately $450 million and recorded an after-tax gain of approximately $350 million. “this sale and our ability to swiftly and smoothly close this transact
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