Michael S.  Weinbach net worth and biography

Michael Weinbach Biography and Net Worth

President of Mr. Cooper Group

Mike Weinbach serves as President of Mr. Cooper Group overseeing operations, including Originations, Servicing and Technology. Mike joined Mr. Cooper in January 2024.

 Mike has more than 25 years’ experience in the financial services industry, with extensive experience in the mortgage industry. Previously he served as CEO of Consumer Lending for Wells Fargo where he was responsible for consumer lending and payments products and services across several businesses including Home Lending, Auto Lending, Credit Cards, Merchant Services, Student Lending and Personal Lending.  

Prior to joining Wells Fargo in early 2020, Mike spent 16 years at JPMorgan Chase, where he most recently served as CEO of Chase Home Lending. While at Chase, he was part of the Consumer Leadership Team and held leadership roles across Consumer Banking, Business Banking, Home Lending and Auto in sales, finance and operations. 

Mike holds a B.S. from the Wharton School at the University of Pennsylvania and an M.B.A. from Harvard University. 

What is Michael S. Weinbach's net worth?

The estimated net worth of Michael S. Weinbach is at least $1.61 million as of February 13th, 2024. Mr. Weinbach owns 17,000 shares of Mr. Cooper Group stock worth more than $1,612,960 as of September 16th. This net worth approximation does not reflect any other assets that Mr. Weinbach may own. Learn More about Michael S. Weinbach's net worth.

How old is Michael S. Weinbach?

Mr. Weinbach is currently 51 years old. There are 5 older executives and no younger executives at Mr. Cooper Group. The oldest executive at Mr. Cooper Group is Mr. Kenneth A. Posner, Senior Vice President of Strategic Planning & Investor Relations, who is 61 years old. Learn More on Michael S. Weinbach's age.

How do I contact Michael S. Weinbach?

The corporate mailing address for Mr. Weinbach and other Mr. Cooper Group executives is 8950 Cypress Waters Blvd, Coppell TX, 75019. Mr. Cooper Group can also be reached via phone at (469) 549-2000 and via email at [email protected]. Learn More on Michael S. Weinbach's contact information.

Has Michael S. Weinbach been buying or selling shares of Mr. Cooper Group?

Michael S. Weinbach has not been actively trading shares of Mr. Cooper Group in the last ninety days. Most recently, on Tuesday, February 13th, Michael S. Weinbach bought 17,000 shares of Mr. Cooper Group stock. The stock was acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the transaction, the president now directly owns 17,000 shares of the company's stock, valued at $1,209,720. Learn More on Michael S. Weinbach's trading history.

Who are Mr. Cooper Group's active insiders?

Mr. Cooper Group's insider roster includes Jesse Bray (CEO), Eldridge Burns (EVP), Robert Gidel (Director), Shveta Mujumdar (Director), Michael Rawls (CEO), and Michael Weinbach (President). Learn More on Mr. Cooper Group's active insiders.

Are insiders buying or selling shares of Mr. Cooper Group?

In the last year, Mr. Cooper Group insiders bought shares 1 times. They purchased a total of 17,000 shares worth more than $1,209,720.00. In the last year, insiders at the sold shares 11 times. They sold a total of 253,800 shares worth more than $18,051,994.00. The most recent insider tranaction occured on June, 28th when CEO Jesse K Bray sold 25,000 shares worth more than $2,023,250.00. Insiders at Mr. Cooper Group own 2.3% of the company. Learn More about insider trades at Mr. Cooper Group.

Information on this page was last updated on 6/28/2024.

Michael S. Weinbach Insider Trading History at Mr. Cooper Group

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/13/2024Buy17,000$71.16$1,209,720.0017,000View SEC Filing Icon  
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Michael S. Weinbach Buying and Selling Activity at Mr. Cooper Group

This chart shows Michael S Weinbach's buying and selling at Mr. Cooper Group by year and by quarter.

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Mr. Cooper Group Company Overview

Mr. Cooper Group logo
Mr. Cooper Group Inc., together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned. The Originations segment originates residential mortgage loans through its direct-to-consumer and correspondent channels. The company provides its services under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. was incorporated in 2015 and is based in Coppell, Texas.
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Today's Range

Now: $94.88
Low: $93.32
High: $95.09

50 Day Range

MA: $88.62
Low: $78.57
High: $94.54

2 Week Range

Now: $94.88
Low: $52.46
High: $95.74

Volume

107,362 shs

Average Volume

438,143 shs

Market Capitalization

$6.12 billion

P/E Ratio

9.94

Dividend Yield

N/A

Beta

1.41