Mr Cooper Group Inc (COOP)

[boarddork]

How can COOP mark up an existing portfolio, locked into historically lower interest rates than today? not sure I follow what your saying

How does mortgage rates being higher today, cause a higher affect to future COOP value with regards to MSR portfolios; where most MSRs are based on existing homeowners with Fixed Rate mortgages, where those people are locked in at 3-4% for 30 years ?

Those homeowners reflected in the MSR portfolio are immune to interest rate hikes, and thus COOP is unable to make more money off of them, unless they refinance or were stupid enough to get a Variable Interest Rate mortgage during historically low rates over the last few years.

I dont think I attribute as much value, if any, to what your are saying.