Replies to post #410001 on Mr Cooper Group Inc (COOP)

[WithCatz]

SoF -- it's just telling you that your MM funds are secured by the FDIC guarantee -- eg, it got moved to a bank that has FDIC insurance.

Beyond that, it doesn't relate to the FDIC.

[BBANBOB]

They have just moved your funds and are letting ya know they are in an INSURED acct.

But I am confused as well , although I show an AMOUNT accredited to my escrows( in paper form every once in a while) is it in fact CASH??????
I don't see that cash in my acct statements anywhere , so CORNFUSED

[Donotunderstand]

99.99 confident it has nothing to do with the escrow or any holdings

more and more brokerage firms are moving money from a MM to a bank deposit plan with FDIC

since neither pays anything - why not get the FDIC on the cash

and maybe MM run by brokerage - to hold the dollar - are actually losing money - so they are making the shift to .01 bank programs