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RDI said when I first looked into NSM

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BBANBOB Member Level  Sunday, 04/11/21 10:00:08 AM
Re: Royal Dude post# 654387
Post # of 656213 
RD

I said when I first looked into NSM that something was really strange about it.

2012 they (NSM) started with 10 bill$$$$$ in servicing funds, YET THEN ONLY 8-9 years later they held some 641 BILL in servicing assets!!!!!!

Now if ya take the 10 bill away you have DAMNED NEAR what congress said we had in the way of LOANS when we were seized, 635 bill $$$

I said then this DIDN'T ADD up or everyone and their dog would be going into the servicing business if IF IF you could grow by 631 BILL in 8-9 years.

Also if IF IF one remembers when DB finally let go of the 65 bill they had previous held of WAMU'S stuff, THAT COOP a short time later BOOKED HMMMMMMMMMM 65 bill in assets

COOP may very well ALREADY HOLD/SERVICE/BOARD OLD legacy assets as YOU SUGGEST, but they ONLY BOARD or SERVICE imho , but in NO WAY OWN THOSE ASSETs.

And also imho the only VALUE that COOP will derive from those would be servicing FEES!!!!!!!!!!!!!!!!!!!

But what the heck what is a half percent of 641 Bill??????????????



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