Replies to post #698075 on Mr Cooper Group Inc (COOP)

[lodas]

JWW...I am on coop like a flock of geese on water....sold puts, and got a buy order at todays lows of 37.71......usually , the MM will drop the price like they did this morning to 37.71......then rally it up all day to bring in buyers, then close it at the lows at the final bell... tomorrow is options expirations, so they will depress the price to "max. Pain" ( least payout) of options for the week...Lodas

[BBANBOB]

AND GOING DOWN DOWN DOWN DOWN DOWN

ASK yourself WHY JWW

WHY is it going down and WHY won't you comment on it going down

[StillHoping]

And it goes down further each day with rest of the market.

[UpTickMeA$AP]

Take, for example, Mr. Cooper. The company, the fourth top buyer of MSR portfolios this year at $78.8 billion per Recursion data, partly credited its quarterly net income with a “positive MSR mark,” Chairman and CEO Jay Bray said in the company earnings call, with CFO Jaime Gow noting that “MSR value increased by 5%… reflecting the recent rise in mortgage rates.”

Another bonus? The company was able to draw down an additional $90 million from its MSR lines, and continues “to use MSR lines for working capital needs and opportunistic MSR acquisition,” Gow said.

https://finance.yahoo.com/news/mortgage-lenders-do-whatever-they-can-to-survive-rising-rates-100100043.html

$COOP definitely playing the long game with it's balanced business model, and ability to make moves under any type of market conditions. Go $COOP!!