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Mr. Cooper Group Inc.

COOP

Financial Services

3mo

Successful Launch of $200 Million MSR Fund with Plans for Rapid Scaling

Mr. Cooper has launched its maiden MSR fund with $200 million in initial commitments.
The company is working with blue-chip fixed-income investors who see the platform as key to maximizing MSR economics.
The goal is to build an asset-light strategy that scales rapidly, leveraging investor trust and platform strength.

Mr. Cooper Group Inc.

COOP

Financial Services

3mo

Servicing Income Beat

+15%

$332 million

Servicing generated $332 million in pretax income, up 15% year-over-year.

BOK Financial Corporation

BOKF

Financial Services

3mo

Launch of New Mortgage Finance Business and Pipeline Development

The company is launching a new mortgage finance line of business, with an expectation to fund the first loan in the next few weeks.
Approved 4 credit relationships with a strong pipeline, aiming for approximately $0.5 billion in commitments by year-end.
Operational readiness is prioritized, with a focus on system implementation and talent hiring to support growth in 2025 and beyond.

Brown & Brown, Inc.

BRO

Financial Services

2mo

Successful Acquisition of RSC Topco (Accession) with 8/1 Closing Anticipated

Brown & Brown has completed regulatory approvals for the acquisition of RSC Topco (Accession), with an expected closing date of August 1.
The company completed a successful oversubscribed follow-on equity issuance and multi-tranche bond issuance to finance the deal.
Integration plans are underway, aiming to leverage expanded capabilities and talent from Accession, which has deep specializations and talented personnel.

LendingClub Corporation

LC

Financial Services

3d

LendingClub's Strategic Focus on Balance Sheet Growth and Asset Management

LendingClub aims to grow its held-for-investment portfolio to approximately $500 million each quarter, balancing between growth and risk management.
The company is actively managing its balance sheet to support both marketplace sales and internal retention, with over $11 billion in assets.
Management emphasizes the importance of growing originations to meet both marketplace demand and balance sheet expansion goals.
The company is leveraging its bank status to maintain a resilient balance sheet that supports recurring revenue streams.

Moody's Corporation

MCO

Financial Services

3mo

Private Credit Market Growth and Strategic Positioning

Private credit transactions accounted for nearly 25% of first-time mandates in Q2, with a 50% YoY increase in deals.
Revenue related to private credit grew 75% in Q2 across multiple lines, offsetting issuance environment softness.
Largest-ever private credit deal in the UK (GBP 1.5 billion for a European utility) highlights market scale.
Moody's is investing in private credit transparency and serving emerging investor needs, including a partnership with MSCI.
Private credit is expanding into sectors like AI data centers, transition finance, energy, and infrastructure, with increased demand for ratings.

TrustCo Bank Corp NY

TRST

Financial Services

3mo

Strategic Capital Deployment for Lending in Favorable Rate Environment

TrustCo's strategy over recent years has been to amass capital specifically to lend out during periods of favorable interest rates.
The company has capitalized on rising loan demand and competitive borrowing conditions to increase lending activities.
This approach has supported margin expansion and loan growth, with a focus on community lending.