Wednesday, July 01, 2015 7:43:57 AM
...are doing quite well for them?
...hmmmm, I thought the assertion was 'JPM only bought the "servicing rights."
...hmmmm, that 'JPM didn't buy the $240B mortgages in "portfolio."
http://www.businessinsider.com/r-jpmorgan-builds-up-apartment-loan-leader-from-wamu-rubble-2015-7
...lots of crow to go around?
...the sound of silence?
It is what it is, it is "exactly" what they said it would be.
...same for the Deutsche Bank $165B MBS 'found.
...same for the $100B to be taken from the JPM customer accounts.
...same for the land under the branch banks.
...same for silver and mineral rights.
...same for the portfolio loans held by the FDIC-R 'off-balance sheet.
...same for the portfolio loans held in Court Registry Accounts.
...same for the JPM making good with JPM stock to escrow holders.
...same for JPM servicing MBS of WMB only for WMI (WMILT).
...same for "creditor investors" (paid $7B+) have no hope.
...same, and finally, that "escrow holders" are golden.
TIME TO MOVE ON TO WMIH.
TIME TO BE PATIENT, FUNDING FOR WMIH ONLY IN PLACE FOR MONTHS (these investors could care less about 2008) and an impending financial BATH looming in the works.
With a clean shell with almost $1.2B of potential "exercised, fully converted" MKT CAP, certainly well positioned to take advantage of distressed sellers.
And years and years of 'tax free operations with $6B of unrestricted NOLs.
PATIENCE.
Recent COOP News
- Mr. Cooper Group Inc. to Present at the Barclays Global Financial Services Conference • Business Wire • 09/03/2024 09:00:00 PM
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