Mr Cooper Group Inc (COOP)

[gold-nugget]

They didn't buy all of wamu. That is a fact. accounting smoke and mirrors. Fdic has a lot of non-reporting assets off the books waiting for further clarification. So far everyone has been truthful in the reporting. And the fdic states this in the wmih trust that at THIS time they have no assets to give to the trust. Its in another fdic holding account waiting for clarification and liquidation. This fdic account DOES NOT have to be reported or audited. Its an escrow account just like when you buy a house. Or give money to an attny which requires separate classification. Its all Non-reporting and no taxes are assessed. What is interesting is the assets of the mortgages/properties home and company/servicing rights-payments all are in the FDIC escrow account.