Replies to post #427341 on Mr Cooper Group Inc (COOP)

[investorhub123]

Anyone know the spread if they are getting 3.6% rate on these loans?

[investorhub123]

JPMorgan now holds some 20% of the US bank loans on apartment buildings.

Before the crisis, the bank ranked closer to 20th. JPMorgan now has $52 billion of these loans outstanding, giving it a stronghold in a market that is increasingly important in the US after the housing crisis brought down the homeownership rate.


Those loans helped boost JPMorgan’s apartment-lending earnings, which reached $600 million in 2014. Expenses in the unit, which include the costs of processing loan applications and running offices, were only 22% of net interest income, low in an industry where 35% is considered good, Brooks said.

Read more: http://www.businessinsider.com/r-jpmorgan-builds-up-apartment-loan-leader-from-wamu-rubble-2015-7#ixzz3efvCNoHQ

So that is about $11.5 million per year for every $1 Billion in Apartment Loans. So of the $600 million approx $345 would have been from the Wamu Loans..... if the typical Apartment Loan is for 15 years than the Wamu Loans would of added about $5.1 Billion...discounted back makes the Present Value of almost $2.9 Billion...
So the question is how much would someone pay today?
maybe a $1 Billion?

[invest1980]

You guys don't get it. This JPM-WAMU transaction had nothing to do with value and everything to do with politics and the good old boys club.