Mr Cooper Group Inc fka COOP

[redisnieurt]

Ok, well thanks. I'll look into your ideas and see if I agree with your conclusions.

My initial reaction is that maybe the info about NSM going public in 2012 was referring to the MSR Value, and not the UPB. the ratio of UPR to MSR value is literally between 1.1% to 1.3%. So they could have had 100M in UPB.

And then from 2012 until now....while growing their production capacity they would grow the MSR organically. Hard to say how big the MSR could get in 9 years, but it's not a huge stretch. Maybe it is.

I'll research