Mr Cooper Group Inc (COOP)

[JusticeWillWin]

If you listen to the Barclays Global Financial Services Conference webcast from yesterday you can hear that COOP is doing very well with their balanced business model. The servicing income is offsetting the declining mortgage originations business, but COOP is setting up for the next mortgage cycle!

Link to webcast: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172805595

IMO COOP's PPS will DOUBLE or even TRIPLE from here!

Good morning people , Mortgage applications in the US fell 0.8% in the week ending September 8th, 2023, following a 2.9% drop in the previous period, and hitting a new low since December 1996, data from the Mortgage Bankers Association data showed. Applications to refinance a home loan went down 5.4% while those to buy a home rose 1.3%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) edged up by 6bps to 7.27%, getting close again to high levels not seen since December 2000. “Given how high rates are right now, there continues to be minimal refinance activity and a reduced incentive for homeowners to sell and buy a new home at a higher rate”, said Joel Kan, an MBA economist. source: Mortgage Bankers Association of America. ( site info inserted below)

https://tradingeconomics.com/united-states/mortgage-applications

GoGooooooCOOP
Have a great day people- don’t let the stupidity bother you ,it’s just noise from dark places that’s alllll
GLTA-Ts