Mr Cooper Group Inc (COOP)

[boarddork]

Whats interesting about those numbers is they stay nearly the same from 2007-2013. You'd think there'd be tremendous growth during those 12 years due to accumulating interest,, and yet at emergence from re-org, they report to be in the same place they started? Makes me think just enough was left in the WMI preferred managing sub to cover costs, and all the cream/profits were hidden somewhere else (another Unconsolidated Sub?)

And how'd it drop so fast from 2006? Sure the housing market was tightening up a bit, but 2006 was still red hot. For mortgage interest income to decline 500% would mean virtually every WAMU product was in default, and we know that's not true at all ! Senate hearings said less than 10% !! So where did those billions from 2006-2007 go?

Almost as if preparations were being made to be BK ready if need be. And then it was, in late 2008