Mr Cooper Group Inc (COOP)

[Royal Dude]

What is the difference between Boarding and Owning on the Balance sheet assets of COOP. I think you will find our assets in subs and in all of the other Banks. The big question is will they recognize as legacy assets it or steal it. The assets are already in WMIH IMO

"Servicing
As of December 31, 2020, we served approximately 3.5 million customers with an aggregate unpaid principal balance (“UPB”) of approximately $626 billion, consisting of approximately $271 billion in forward loans, $337 billion in subservicing and other, and $18 billion in reverse mortgage loans. According to Inside Mortgage Finance, we were the largest non-bank servicer and third largest residential mortgage servicer in the United States in the fourth quarter of 2020. During 2020, we boarded $217 billion UPB of loans, with $142 billion of UPB related to subservicing.

Mr. Cooper is a corporation duly organized and existing under the laws of the state of Delaware since May 11, 2015. On July 31, 2018, Wand Merger Corporation (“Merger Sub”), a wholly owned subsidiary of WMIH Corp. (“WMIH”), merged with and into Nationstar Mortgage Holdings Inc. (“Nationstar”), with Nationstar continuing as a wholly owned subsidiary of WMIH (the “Merger”). Prior to the Merger, Nationstar was a leading non-bank mortgage servicer, while WMIH had limited operations and was focused primarily on acquisitions.

https://www.sec.gov/.../000093313621000005/coop-20201231.htm
https://materials.proxyvote.com/.../20210316/AR_460507.PDF