Mr Cooper Group Inc (COOP)

[BBANBOB]

No not at all since they take on the balance as DEBT ,but when they pay off the previous holders debt, and a portion(discounted) of the interest left on the life of the loan it can be a substantial amount.
Pard I don't think I have ever been delusional here, unless you consider 32-8='s 24 as delusional.

But if the balance of 100 bill is lets say 30 bill they have to pay the originator the balance of those loans to obtain the interest income.
Now what we don't know is WHAT IS THAT BALANCE, and the same would hold true it it was on 299 bill in loans.
We have no idea how much is left in principal or how many years are left ,so it's all a WAG.

Since I stay grounded here 32-8='s 24 is where I keep my feet.