Mr Cooper Group Inc fka COOP

[Jestiron]

Excellent! Thank you for your patience with me on the inquiry!

Is it possible for the FMV to be lower than the BV? Assume that is a yes if the FMV of the asset drops because of losses or downgrades. Is the Book Value a value literally in the books so that it can be referenced for the price the asset was worth at the time of the purchase/sale?

So, for JPMC the Book Value would be $1.9b paid for the assets in WMB and WMBfsb while the fair market value of those assets is considerably higher.

In comparison...for WMI the Book Value was WAY higher as those assets were purchased over many years at more reasonable prices. The fair market value being considerably higher as well?

I hope thats about right. LOL

Appreciate the direction!