Replies to post #713511 on Mr Cooper Group Inc (COOP)

[Boris the Spider]

For those who think escrows were deleted....
Ha. Funny that Libor still knows me and sends settlement info even though I dont own bonds.
They have me on the escrow list. So the LT markers are gone but our escrows are not.
And now Libor is close to done. I will be a nice vacation home soon.

[BOBBYEA]

Hi Boris, can you help me understand why the LIBOR change matters. Any changes (such as moving to SOFR) will affect current and future rates of interest, but I don’t see them changing the interest charges or interest gained from the past. If that’s true, why would LIBOR hold up the payments to Escrows?

Thanks in advance…