Replies to post #517762 on Mr Cooper Group Inc (COOP)

[hotmeat]

I don't think the "warring factions", as you put it are in 100% disagreement. In fact, most of the issues are generally agreed upon apart from certain claims. Some have been clearly disproven by actual documentation while others are still in limbo. It's not about the "individual(s), since we are all strangers. It's about the "air of infallibility" presented, even when proven 100% wrong on some issues. This is what irks, imo, those who share alternative views on various subjects.

[jerrylev]

Remember that the HFs own the same escrow as us, albeit more, but they have no more priority than us. We are basically sleeping with the devils whether we like it or not.

All the money guys are drinking beer and playing golf with each others.

Even if we own a bunch of assets, unless it is cash, then there is money from behind. We only own the interest of the assets and not the money from behind, because for instance a mortgage loan is financed by the deposit money for which JPM took it all when they took the bank. And so JPM will be the money man behind the assets that we have interest in.

Similarly for some obscure reason, A&M managed our assets.

And I look at NSM proxy, I saw some execs used to work for BofA, Citi and even Indymac, the company that went belly up during the financial crisis.

Like I said, these guys all know each others.