Mr Cooper Group Inc (COOP)

[ron_66271]

955, Another Way to do the Math.

JPM claims $6 Billion annually in revenue from servicing the WaMu Master Loan Portfolio.

From ABS/MBS prospectus a servicing rate is ~1.40%.

X * 1.4% = $6B

X = $6B/.014

Now multiply by nine for nine years. To keep it conservative, say WMI/WMIIC's participation in the Master Loan Portfolio Trusts is only 10%.


You get the Idea.
HLCE,
Ron