Replies to post #436917 on Mr Cooper Group Inc (COOP)

[W3Research]

WWT, And that "Liability/Debt", as you put it, that has to be Paid For and the Party that is/will be compensated is/are the Escrow Share Markers Holders, then I would assume you mean we are due Book Value plus Interest? Correct?

So if a liability is a debt or a financial obligation… and JPMC took all the financial obligation (roughly $300 billion) …than all of the debt was left…and the debt would have to be paid…

Debt is paid with the proceeds from the sold Assets. It would be difficult to pin point the exact amount’s but IMHO the remaining sum of the sold Assets would be LARGE…

Sorry for the long post…this just a thought…

[Boris the Spider]

As they say, it's all accountants right now. They will hammer out the final numbers. who knows what they will come up with but +165B seems to be the common thread amongst the experts thus far. Could be bigger or smaller. I would be happy with 10-40B, but the hedgies want much more and we will gladly go along for the ride..........

[JusticeWillWin]

$1.88 bln. not for everything! This confirms what I've said in many other posts, especially the following one:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115803973

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From https://books.google.de/books?id=YPfwCAAAQBAJ&pg=PA159#v=onepage&q&f=false

At the auction a uniform package is offered to bidders. This package consists of deposits and other nonsubordinated liabilities and a like amount of assets, less the amount of the premium bid.

And bloomberg IMO also confirmed it in 2008:

http://www.bloomberg.com/bw/stories/2008-09-26/jpmorgan-chase-to-buy-washington-mutualbusinessweek-business-news-stock-market-and-financial-advice

In a deal brokered by the federal government, JPMorgan Chase will pay $1.9 billion for deposits and branches. WaMu depositors will be protected

For his $1.9 billion, Dimon gets WaMu's deposits along with $176 billion of home loans, on which JPMorgan is expected to lose some $31 billion.

Thanks wwhatthe!

[investorhub123]

I do believe this is the premise of the pro-escrow group here.

Hard to think that JPM only paid 1.888 Bil for anything other than the deposits. Sure the deposit base is on the books as a Liability, but we all know that the depositors(actual people) are the lifeblood of a bank representing new business in the way of car loans, home loans, credit card loans, etc. etc..... thus an Asset to the Bank.

I don't think anyone knows what the numbers will be, but I do think the deposits were something less than the 188 Bil number, as I believe that number was the dollar amount WAMU had as of June 30th, 2008.....I'm sure it was something less than that and would point to the $151 Bil subrogated amount which is listed on the FDIC website.

https://www5.fdic.gov/drrip/bal/balancesheet.asp

The question in my mind is.....Will JPM be made to pay Book Value + interest? or will they be made to pay Market Value for the assets they ended up with?
I would say Book Value would be the norm when a Bank is taken over by the FDIC, but we all know that this is anything but normal...maybe any assets from WMB would be at Book Value + interest and Holding company assets would be paid at Market Value.....