COOP - Mr. Cooper Group: Extreme Delinquency Rate Masks Value Opportunity

One of the areas of the market that has been hit the hardest by the current crisis is mortgage lending. Most lenders operate under thin margins and the material rise in delinquencies has put many in jeopardy. One of the few companies in the industry to see a strong rebound is the non-bank lender Mr. Cooper Group (COOP).

I covered COOP late last year in "Mr. Cooper Group: The Growing Mortgage Giant You've Never Heard Of" with a bullish outlook due to its extremely low valuation and rapidly growing business. Today,

Read more ...