Mr Cooper Group Inc (COOP)

[lodas]

BBAN.....yea, I always wondered about the use of the term board by J Bray....how do you just board (take on) 65 billion in new MBS without any expense outlay?....Bray never said how or the circumstances by which they just materialized out of the blue...As I remember quite well, the announcement of the boarding of the 65 billion in new MBS did very little to goose the price of coop stock upward...the stock went back and forth ad infiniteum with very little appreciation...as a matter pf fact, the stock hit a low point when the cv scare hit the market in march 2020, and the stock fell to about 6 or 9 dollars.....one would think that 65 billion in new MBS business would "juice" the bottom line of coops books, but such was not the case....I think that you are right, the DB settlement, then 65 billion in boarding has a connection, and the SH assets we're sitting in coop all this time off the books, of course... probably waiting for official proceedings to get done... thats why the bridge loan had massive backing...Wmih needed KKR to front the money to get the company going after it came out of chapter11, since wmih was not a company with products to market until they acquired NSM..KKR was wise an spotted a good deal when they saw it, now they have over 16 million shares of the coop company, and will get 18% of all money returned, or stock, plus dividends on the 600 mill, which they took in stock...when coop makes their books record the real worth of these assets, the stock is gonna fly, big time... thats why we see over 90% held by strong hands, and coop[ wanting to make stock buy backs in august... IMO only..Lodas