Sam I am very excited for the settlement coming but remember the value creation of MBSs are from 15%-30% of the face value as established by the Lehman settlement. They used several variables to establish the value formula.

I like this as I'm sure you do but be realistic Alice. During Lehman they created a grid for the value of MBSs. 15%-30% of the face value. So 600 bil x 15% = 90 Bill real value. Not my opinion but in the Lehman settlement.
"4
To illustrate the impact of the MBS, for each $10 billion recovered each Class 19 security receives par and each Class 22 security receives approximately $2.10. Therefore, by Plaintiff’s estimate the $600 billion in MBS would provide as much as 60x par to each Class 19 security and approximately $125 per Class 22 security, both payable in Mr. Cooper Stock."
I am excited for that. Don't be disappointed with irrational exuberance.
JMO