Mr Cooper Group Inc (COOP)

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**SUNLIGHT**JPM/FDIC NEMESIS**FACTS**This is WHY Many Misunderstandings

***JPM WILL PAY**The P&AA Shows How Former Assets are Broken Down

Thanks goes to Ken Walker (BP forum) on the breakdown of the P&AA and the proof.

I have been posting this (excerpt from P&A ) for years and it seems like some folks just don't want to get it. JPM "specifically purchases all mortgage servicing rights" which was a smart move because it allowed them 6 years to cherry pick the mortgages they wanted and that included WMI mortgages by way of refi'ing because when your servicer offers to reduce you loan percentage ............ most people do it but the fine print actually transfers the loan to JPM.

Regardless of WMB or WMI a big hunk of these loans get refi'ed which is 100% payoff, or the WMB loans could get purchased under P&A at "Book", or in some cases the loans get repo'ed and in some cases people just kept paying.

How clear you want to get?

http://s3.documentcloud.org/documents/813494/jpmfdic.pdf
P&A ( bad PDF copy cut and paste screws up, I tried to clean it up )

13.12 Term of Agreement. This Agreement shall continue in full force and effect until
the sixth (6th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 ( 6.3 Preservation of records and 6.4 Access to Records ) shall survive the expiration of the term of this Agreement. Provided, however, the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement; in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of
Section 12.7 ( 12.7 Limited Guaranty of the Corporation.) shall be in effect for the remainder of the term. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable,
and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is
discovered.

Back to near the beginning:

3.1 Assets Purchased by Assuming Bank. Subject to Sections 3.5, 3.6 and 4.8, the
Assuming Ban hereby purchases from the Receiver, and the Receiver hereby sells, assigns,
transfers, conveys, and delivers to the Assuming Ban, all right, title, and interest of
the Receiver in and to all of the assets (real, personal and mixed, wherever located and however acquired)
including all subsidiares, joint ventures, partnerships, and any and all other business
combinations or arangements, whether active, inactive, dissolved or terminated, of
the Failed Bank whether or not reflected on the books of the Failed Bank as of Bank Closing. Assets are
purchased hereunder by the Assuming Bank subject to all liabilities for indebtedness
collateralized by Liens affecting such Assets to the extent provided in Section 2.1. The
subsidiares, joint ventures, parnerships, and any and all other business combinations or
arangements, whether active, inactive, dissolved or terminated being purchased by the Assuming
Bank includes, but is not limited to, the entities listed on Schedule 3.1a. Notwithstanding
Section 4.8, the Assuming Bank specifically purchases all mortgage servicing rights and
obligations of the Failed Bank.

Yea OK, now the interesting part:

3.2 Asset Purchase Price.
(a) All Assets and assets of the Failed Bank subject to an option to purchase by the Assuming Bank shall be purchased for the amount, or the amount resulting from the method specified for
deteriming the amount, as specified on Schedule 3.2, except as otherwise may be provided
herein. Any Asset, asset of the Failed Bank subject to an option to purchase or other asset
purchased for which no purchase price is specified on Schedule 3.2 or otherwise herein shall be
purchased at its Book Value. Loans or other assets charged of the Accounting Records of the
Failed Bank prior to the date of Bank Closing shall be purchased at a price of zero

And now to the attachments:

SCHEDULE 3.2 - Purchase Price of Assets
(a) cash and receivables from depository Book Value
institutions, including cash items in the
process of collection, plus
interest thereon:
(b) securities (exclusive of the capital stock of Market Value
Acquired Subsidiares), plus interest
thereon:
(c) federal funds sold and repurchase Book Value
agreements, if any, including interest
thereon:
(d) Loans: Book Value
(e) Other Real Estate: Book Value
(f) credit card business, if any, including all Book Value
outstanding extensions of credit:
(g) Safe Deposit Boxes and related business,
safekeeping business and trust business, if Book Value
any:
(h) Records and other documents: Book Value
(i) capital stock of any Acquired Subsidiares: Book Value
(j) amounts owed to the Failed Ban by any Book Value
Acquired Subsidiary:
(k) assets securing Deposits of public money, Book Value
to the extent not otherwise purchased
hereunder:
(1) Overdrafts of customers: Book Value
(m) rights, if any, with respect to Qualified Market Value
Financial Contracts.
(n) rights of the Failed Ban to provide Book Value
mortgage servicing for others and to have
mortgage servicing provided to the Failed
Ban by others and related contracts.
(0) Bank Premises: Book Value
(p) Furniture and Equipment: Book Value
(q) Fixtures: Book Value

______________________________________________
***Per Fishman in 2008***WaMu 310 Billion in Assets-Letter to Bair

http://s.wsj.net/public/resources/documents/WSJ-WAMU-Responsive-e-mails092810.pdf

_______________________________________________
FDIC TRULY states HUNDREDS of BILLIONS in WaMu Assets - Yes, HUNDREDS of BILLIONS

https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf

***Bottom of page 7***


'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF'

The following explains investment decisions that had to be made prior to 2/8/2012 in order to exchange a former WaMu EQUITY investment to receive NewCo/WMIH shares multiple times and also our BELOVED Escrow shares. The following are the simplified facts of the former WaMu investment vehicles.


Piers Investors=Zero/Few Escrow Shares - ESCROW SHARES NEVER ISSUED for Investment
***************************************************************
Equity Investors=An Abundance of NewCo/WMIH Shares MULTIPLE times AND our BELOVED ESCROW SHARES
______________________________________________
FDIC Utilized Dr. A Many Times-Must Be Reliable/Accurate-Take a Look! ***Per Fishman in 2008***WaMu 310 Billion in Assets-Letter to Bair

http://s.wsj.net/public/resources/documents/WSJ-WAMU-Responsive-e-mails092810.pdf

Dr. Sankarshan Acharya's most recent submission to the court.

Letter Filed by Sankarshan Acharya Regarding Response to the Objections Filed by the FDIC and Department of Treasury to the Equity Committee's Motion on Investigation and Examination

http://www.kccllc.net/documents/0812229/0812229100615000000000011.pdf

A refresher for those that do not know here are his previous submissions:

Objection to Disclosure Statement Filed by Dr. Sankarshan Acharya

http://www.kccllc.net/documents/0812229/0812229100603000000000011.pdf

Objection to Proposed Settlement Filed by Sankarshan Acharya

http://www.kccllc.net/documents/0812229/0812229100415000000000132.pdf