Mr Cooper Group Inc (COOP)

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COOP's PPS will take a hit due to Ida. As Service's, Mr. Cooper Group Inc./ COOP readily have information at their finger tips to calculate the eventual impact. Many homes will be destroyed and those with insurance will eventually pay off their loan. Hundreds of thousands of people will be displace and have no place to live or no job to return to even if they could return. I read earlier that the Gov. is looking at 2 more $1400 stimulus payments....that won't begin to be enough. Where do you house tens of thousands of people when the housing market is short of houses?



There is going to be hardship for many as this article points out what happened after Katrina hit. It will affect us all. I suggest you read this article as it may save you some grief.

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https://abcnews.go.com/Business/HurricaneKatrina/story?id=2348619&page=1