Replies to post #692067 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Nobody said motgage originations wouldn't suffer, but COOP's servicing business is running well, they will report a mark-up for their MSRs in Q2, and the BOD said "XOME's revenues could be through the roof" in Q3 or Q4. And they could also sell XOME for $1 billion (IMO!) or more.

So I still see a lot of potential here for COOP's PPS. As I said $70+ short-term and $80 to $120 longer term IMO

And yes, everything WITHOUT assets from WMI coming to COOP...

Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers

PUBLISHED WED, JUL 20 2022

7:00 AM EDTUPDATED 26 MIN AGO

https://www.cnbc.com/2022/07/20/mortgage-demand-drops-to-lowest-level-in-22-years.html