Mr Cooper Group Inc (COOP)

[ron_66271]

The Key Word is Serviced.

Washington Mutual Inc. (parent to Washington Mutual Bank, FSB) reported $6.2 billion in MSAs as of June 30, 2008

JPM claimed $6 Billion annually in servicing revenue form WMB's Master Loan Portfolio.


"These banks and savings associations in total serviced loans with between $2.9 trillion and $5.4 trillion in unpaid balances over this period.55"

Looks like JPM and the "Evolution of the Mortgage Servicing Market" are saying the same thing.

~$6 Billion.

From MBS Prospectus, the servicing rate is 1.4%.

Now, do the Math for the annual and for nine years accumulated.