Mr Cooper Group Inc fka COOP

[ron_66271]

The $6B is the Annual Revenue

from servicing the Loan Portfolios by WMB, and now JPM. This is NOT the; From 2004-2007 WMI averaged about $6B annually from cert participation.

The Mortgage servicing interest rate fee is around 1.4%.
X*1.4%=$6B from servicing fees annually.
X=__ Annual ABS Portfolio being serviced... True, it's not all ours !


DBNTC is over seeing $165B in MBS. That is more than $6B and $60B.
FRB/FED has $4.5 Trillion in ABS it acquired in 2008-2009+.

There is a line item in pre-bk WMi’s 10-ks, specifically illustrating income from its securitization participation. From 2004-2007 WMI averaged about $6B annually from cert participation.

1) $6B x (last 10 years accumulating) = $60B + annually compounding interest......has accumulated.

+

2) accumulation of liquidation proceeds of the loan principle that created $6B annually in cert participation