Mr Cooper Group Inc (COOP)

[Split T]

Until COOP is legally able to pursue delinquent loans and properly foreclose we will not see growth in ZOME as the Real Estate Market is going to slow down drastically because of higher interest rates and escalating Costs of building homes. There will be a huge backlog of foreclosures as the Court systems are backed up for months because of COVID and other factors. Recessions, been there done that 4 times in my long lifetime. Unless you have had the actual squeeze put on you in past downturns you better prepare for the slow down. The interest rate hikes and inflation that will take place this quarter and next Quarter will eliminate border line borrowers. We will have a Mark to Market at least twice this year, but our growth will slow down in new loan business and refi's will be nearly nill. We need to see the other entities of Mr. Cooper Group that are tucked away under Nationstar Mortgage Holding Corp. be brought forward and accounted for. We are where we are price wise because of the above factors. The War in Ukraine is far from over and it's true effect will raise it's ugly head in the near future. COOP is still a good play or Vanguard wouldn't have Added several million more shares this last Quarter.

"The severity of the upcoming correction will not be near the impact of what we saw in 2008-2010.

nonetheless, we will see servicers feel the cash squeeze from the Servicing advances, and profitability will suffer due to rising costs in the "delinquent loans" departments."