Mr Cooper Group Inc (COOP)

[tanjazielman]

Haha wrong!

P&A closing time=finalization of WaMu-takeover by JPM.

So it all has to do with us!

We did not release the FDIC Receiver.

The FDIC has rocksolid procedures concerning receiverships, whole bank purchasing and assumption agreements.

JPM acts only as servicer for the majority of the mortgages originates from WaMu. This is true in a multitude of individual homeowner cases. These mortgage assets are even accounted for in a separate pool ("PCI-loans")by JPM.

Time for FDIC to shut the P&A down, let JPM pay the extra buck for the mortgages they still want to acquire and fund the rest of what is owed by their petty Libor-suits. And even with the bondholders and administrative expenses in play, we get payed royally.

Like it or not.

We are getting paid!