Mr Cooper Group Inc (COOP)

[Large Green]

WaMu portfolio, it grew 91% to $1.17 TRILLION of loans

Now here is PROOF from a JPM document*** that PROVES there are assets that JPM WAS NOT entitled to without payment. Of course, to MOST Equity investors, we have known this from the beginning. However, there are those who just cannot fathom this being true due to NOT successfully exchanging former WaMu equity for NewCo/WMIH shares plus Escrow Shares and now SOON to be issued LTIs.


"Importantly, we did not acquire the assets or liabilities
of the bank’s holding company or assume the $14
billion of senior unsecured debt and subordinated
debt of Washington Mutual’s banks."
___________________________________________
Also page 3/28

"However, there is one area that has
shown an improving trend: third-party mortgage
servicing. This business relies on scale and efficiency
and, including the addition of the WaMu portfolio,
it grew 91% to $1.17 trillion of loans."


http://files.shareholder.com/downloads/ONE/0x0x283417/92060ed3-3393-43a5-a3c1-178390c6eac5/2008_AR_Letter_to_shareholders.pdf