Mr Cooper Group Inc fka COOP

[redisnieurt]

Quote:

Were the servicing fees for the loans ($689.7 billion) also lost?
Prior to bank receivership WaMu was servicing for itself and other banks loans totaling $689.7 billion, of which $442.7 were for other banks.
The servicing fees accumulated over 13 years should be about 28-30 billion in the meantime.

You dont earn servicing fees for loans that are in your own portfolio. There might be an intercompany payment made between the Portfolio Business Unit and the Servicing Business Unit, but it is not new net revenue to the consolidated company.

Also, the entire Loan Portfolio and the Servicing Portfolio was seized by the OTS and ultimately sold to JPMC. So any fees generated would go to JPMC. Also, not sure at all where you get the 28-30B estimate.