Mr Cooper Group Inc fka COOP

[clawmann]

Book value is the value of an asset as carried on a company's books. To calculate book value, take the cost of an asset minus the accumulated depreciation.

It is different from market value, which fluctuates in accordance with the market.

An asset, after being fully depreciated, may have a book value of zero but still have a significant market value.

The FDIC has an obligation to use reasonable efforts to maximize the value it receives for the assets in receivership.

Considering the depressed market value of many assets during the crisis, the FDIC may have decided to wait until the crisis smoke cleared to ensure it receives a non-crisis price for receivership assets.