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Mr. Cooper Lays Off Workers as Mortgage Volume Slows

Mr. Cooper Group is laying off staff, vice chairman and president Chris Marshall has revealed in a conference call with analysts. So reports The Motley Fool.

Mr cooper 150x150Marshall said that “in the second quarter, you’ll see us take a charge for staff reductions related to our lower volumes.”

The disclosure came after the home loan servicer posted first-quarter earnings of $658 million, topping analyst forecasts, as the Associated Press reports.

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