Mr Cooper Group Inc (COOP)

[lodas]

value minus price is equity....for example , you take out a mortgage on home selling for 100,000 dollars..you put a down payment of 20,000 dollars, and the bank puts up 80,000 dollars....you have no equity at the time escrow is finished... all you have is your down payment... lets say you sell the house immediately for 100000 dollars, you give the bank the 80000 dollars back, and you get your 20000 dollars back, minus escrow fees and such... lets say you keep the house for 10 years, and the value of the home rises to 300000 , at which time you sell... your equity is now worth 220000 dollars, plus the principal paid on the 80000 original loan....the EQUITY at the time of sale is YOURS, not the banks...all you are required to do is pay the bank back the 80000 dollars , minus the principal....in other words, the bank owns the assets, until the loan is paid off in full, YOU own the Equity, produced by that asset...so, in the case of Wmi, and the MBS, the money that bought those assets that produced the revenue stream is owned by those that fronted the money to buy them, shareholders would own the equity that those MBS produced, over and above the original purchase price....so, we, as shareholders can not claim the mega billions thrown around on this board, but only the return of interest on those assets.... Lodas