Mr Cooper Group Inc (COOP)

[jerrylev]

WMMRC is a dead business and was "given" to WMIH at ED simply to let it have some income to pay its bill while waiting for an M&A to happen with a company with earning, which it did happen with NSM. Since NSM business is in mortgage and not insurance, I don't understand why some people keep insisting that WMIH/COOP has to get into the insurance business in order to grow? The insurance business is a completely different ball game and it has a lot of risks and you got to be very large to have the economic of scale to reduce the risk. And so strike out the insurance business from COOP future business.

After the S4V theory was debunked by the company IR, now the subject moves to WMMRC so that WMIH has something to do with the old WAMU. Why? It is like people have ZERO confidence and ZERO understanding of the company they invest in and think that COOP cannot do anything on its own without the help of the legacy assets.

It is unbelievable. I cannot wait for the day when the company changes its name to COOP and does a 1:100 R/S to get rid of the small fishes who have no idea about the company business.