Replies to post #81983 on Mr Cooper Group Inc (COOP)

[Bizreader]

I'm pleased to learn all I can about the past and I thank you for the clarity. Yep, the free for all was enjoyed and supported by most on both sides.

[Desperado90]

The entire US economy is about $16 Trillion. The credit default swaps are about $62 Trillion by International Swaps and Derivatives Association. Thats almost 4 times the size of the entire US Economy.

Dude give me a break.


90% of all mortgages in the US are good. Are you trying that 10% of bad mortgages caused the collapse in the entire financial system.

The problem with the housing and financial bubble was not the CRA but OVERLEVERAGING and SUBPRIME LENDING.

We had companies like Countrywide financial (Now under investigation) purposely misleading customers and giving out loans that they know could never be repaid.

Why do you think all those high rise condos in Miami got into so much trouble? We had flippers, brokers and speculators creating an environment for corruption and lack of transparency in mortgage contracts. People with good credit scores also got subprime loans unknowingly.

The CRA was not an excuse for subprime loans and housing speculation.

Again, only 10% of mortgages are underwater.