Mr Cooper Group Inc (COOP)

[UpTickMeA$AP]

Take, for example, Mr. Cooper. The company, the fourth top buyer of MSR portfolios this year at $78.8 billion per Recursion data, partly credited its quarterly net income with a “positive MSR mark,” Chairman and CEO Jay Bray said in the company earnings call, with CFO Jaime Gow noting that “MSR value increased by 5%… reflecting the recent rise in mortgage rates.”

Another bonus? The company was able to draw down an additional $90 million from its MSR lines, and continues “to use MSR lines for working capital needs and opportunistic MSR acquisition,” Gow said.

https://finance.yahoo.com/news/mortgage-lenders-do-whatever-they-can-to-survive-rising-rates-100100043.html

$COOP definitely playing the long game with it's balanced business model, and ability to make moves under any type of market conditions. Go $COOP!!