Mr Cooper Group Inc (COOP)

[LuckyPanda]

Dmdmd2020, I think your math is a little off. I believe your calculated servicing fees number should be per year, not per month.

So according to AZ finding, I believe the servicing fee is around 0.375% annual.

So the servicing fee on 16.160 Billion should be around $60 million annually. You should multiply the principle by 0.00375. Thats only about $600 million over 10 years...not enough to take advantage of the 6B NOL.

However, if WMIH owned 16.16 Billion portfolio..and the interest margin on the loans were around 2%, you are nkw looking at around $300 million profit a year and $3B in 10 years...now that looks closer to taking advantage of the 6B NOL.

So I think it would make sense for WMIH to offer s4v exchange for that 16B portfolio.