Mr Cooper Group Inc (COOP)

[David West]

ANICO (or 'The Bondholders') filed suit against JPM for spreading misinformation, which caused the downfall of Wamu. JPM attempted to pass it back to FDIC-R. Outcome unknown.

Two major problems with the mortgage pools are (1) the same mortgage often shows up on the list of two or more different pools, owned by the same entity (WMB/WMI). This is an indicator that the $700b-$1 trillion value of Wamu's mortgages was inflated; and (2) as investigators review the 'date added' of each mortgage, some of them were added to the pool after the legal cutoff date.

IndyMac had a nightmare trying to deal with FDIC after their seizure. FDIC confiscated all of their records and only made available to IndyMac redacted copies of documents and loans. This prevented an accurate assessment of what loans were on the books. FDIC ignored court orders to provide the records.

How can any corporation at that level not have duplicates?

Stupid is a permanent condition of the mind.