Replies to post #521156 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Az
Was your

""All I did was diversify, 51% / 49%, plus a few dimeq voters'""",

51%/49% bonds and commons?..

[Royal Dude]

"In addition, CIT has outsourced the payment, servicing and administration of duties of its ongoing mortgage portfolio to a leading national provider of residential servicing."

Where is this money moving Players, $$$$$$, Timing Today

"NEW YORK — CIT Group Inc. (NYSE: CIT) today announced that it completed key strategic initiatives to simplify its mortgage operations and reduce risk. The company completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an undisclosed buyer. The transaction included the sale of mortgage servicing rights and $879 million of reverse mortgage whole loans and other real estate owned assets as of April 30, 2018.

In addition, CIT has outsourced the payment, servicing and administration of duties of its ongoing mortgage portfolio to a leading national provider of residential servicing. The portfolio is approximately $5.2 billion as of March 31, 2018."

http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12793886&RcvdDate=6/4/2018&CoName=CIT%20GROUP%20INC&FormType=8-K&View=html

[blissedout]

If the Newco (WMIH) is the tell...

Then it was telling me at 1.34 to free up some cash and add 20% to my position, so I followed directions :) Wish I had cash on hand months earlier at lower prices but raising a family and building a business is expensive. I think shares at this level still offer attractive ROI potential.

My escrow markers are excited to participate, but if WMIH is the tell then I'd like to participate there as it should happen first.

I wonder what the duration will be between WMIH appreciation and escrow participation? Days/weeks or months/years.......