Mr Cooper Group Inc (COOP)

[tanjazielman]

First, why would JPM disclose the 78B in repaid mortgages and 49 B in liquidated mortgages NOW?

This is especially interesting because they didn't disclose these numbers in 2008-2013!

Also notice these are off-balance figures. And it says compensation and / or indemnification. Guess who will be compensated / indemnified. It sure as water isn't JPM.

Secondly, if a former WaMu-mortgage customer pays back it's mortgage. And JPM is not the legal owner of the mortgage loan (as has been discussed many many times before) where do you think this money will end up?

Thirdly, if a former WaMu-mortgage gets liquidated, and JPM is not the legal owner of the mortgage, where do you think this money will end up?

For more explanation I suggest you look up the definition of premium label securities.

I'll give you a hint. JPM will not get this money. Talk about unjust enrichment!

Fourthly, why have all former-WMB assets (like Wamu Acceptance Corp) disappeared in JPM latest 10k while these were still on the 10k over the year 2013? (can you say: merger completed???)

Fifthly, why have these mortgages been pooled and accounted for seperately all this time?

Let it sink in, wait a few minutes...

If you don't get it by now, I feel for you that you chose to invest heavily in the PIERS. Bad choice.

The arguments you present are getting pathetic. You can't argue with documents (credits to BKShadow for this lesson)

(Oh yeah and for the record, I don't expect the FDIC to charge multiple tens of billions in administrative costs)