Mr Cooper Group Inc (COOP)

[barefoot123]

BK, your response to W3Rsearch post was......

True story......
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106186728

http://www.bizjournals.com/seattle/stories/2009/09/28/story1.html?s=print

"At the end of June 2008, there were still $69 billion of them on WaMu’s books — 58 percent of all its home loans."

307B assets
sour loans @ 58% of total is 69B
that puts total loans at 119B

And now to AZ Cowboy it is a different story.

So instead of 119B of mtg, there is now 206B of mtg, and instead of 307B you are now saying there was 264B of assets.

The 307B must be WMI, and the 264B is WMB, which leaves 43B left over for WMI. That must be where J Nelson came up with the 30B after taking 13B out for the waterfall.

What really is the true story? I don’t think anyone knows until the story ends.

Everything is going according to the POR……ok, is the SEC operating according to their rules and regulations? I don’t think so.

Did the ratings companies operate according to their policies? No, they changed the policies to whoever was offering the most money.

Did GS, JPM, FDIC, continue in line with standard of procedure? Of course they did because their SOP breaks the rules with regularity; for which in time I hope they pay a penalty.

The EC went into mediation with the hedgies. The FDIC and JPM were excused, but it is possible that something was brought to the table about their subversive actions. If the EC has proof of fraud they will strike a deal.

I just don’t see how you can be so dead set on escrows receiving little or nothing when rules are broken on Wall Street everyday.

It has always been; who has the most leverage.