Mr Cooper Group Inc (COOP)

[LuckyPanda]

Huh?? You need to re-read my post carefully.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128921683


My math is not wrong on the profit margin of the portfolio.

You can argue whether or not the portfolio was given to JPM by FDIC.

But if you believe, the portfolio is protected under safe harbor, then the profit margin on the interest is where the value is going to come from.

I do not make any wild claims on how much of the portfolio is owned free and clear. I'm making a conservative analysis by just looking at the interest profit margin between the portfolio (asset) vs the liability (deposit base). The numbers are clearly shown in the 2007 wamu 10k.

Again, you should read my original post again carefully and also look through the wamu 10k to see for yourself. I'll even attach the link to the 10k.

https://www.sec.gov/Archives/edgar/data/933136/000104746908006870/a2185889z10-ka.htm