Replies to post #508815 on Mr Cooper Group Inc (COOP)

[boarddork]

Nationstar is a non-bank servicer, like WMI was a non-bank holding company. Unlike JPM a bank holding company.

I think WMIH' next move will need to be a bank to scale up.



We've now got the:

1) Reinsurer,
2) Servicer
3) loan portfolio (although shrinking fast daily since 2008, thru 'organic' liquidation).

NEED a:

4) BANK. Originate and securitize more loans. Back in the BIZ from whence we came - and we all become fat cats