Mr Cooper Group Inc (COOP)

[Large Green]

tanj...man, attention Escrow Share account owners. This is a very important message. Another excellent and "spot on" post showing what actually happened and the ACTUAL testimony by those close to the scene. This at the time all of this was going down and by none other than one of JPM's finest, telling the truth under oath. tanj, I will repost YOUR EXCELLENT POST for others to ENJOY as I am sure THOSE WHO HAVE ESCROW SHARES are loving theirs MORE, MORE and MORE EVERYDAY just like me!

XDIMER, no disrespect intended, but by your own admission, you had retired many years before all of this went down and actions change daily, not to mention the illegal Robo-Signing and other illegal actions that changed in many years since you were in action. So, I do NOT put any stock in your opinion...sorry but I WILL put much stock in the employee who was "hands on" per his own testimony in court over ANYBODY else's opinion period!
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And a JPM-employee stated ON THE RECORD and IN A PUBLIC COURT that there was no record of transferred mortgages from WMI/WMB to JPM.

Circulus in probando; back at square one.

Try again. And harder this time.

BTW:
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Quote:
WMBs loans, including mortgages, retained as "asset" or "portfolio" loans, did not disappear from June 30, 2008; they were not packaged and securitized into mortgage backed securities; they were bought by the parent WMI. At seizure, they were then sold to JPM.
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It's all very obvious that in 2014 something happened at JPM.

The 10k from JPM over 2014 shows this very clearly.
In 2014 Off balance assets (mortgages in this case) show up in the figures. Accounted for separately, reported separately and kept off balance. Also, all of the WMB subsidiaries were wept out of the JPM subsidiary list.

All sales are final. In this case P&A closed in 2014. JPM and FDIC finalized the sale. JPM bought the assets from WMI/WMB, and had to return the value, including the mortgages which have not been liquidated yet (!) to FDIC Receiver. Anyone remember the 363 asset sale? Or schedule 3.2 from the P&A? What does FDIC legally and fiduciary have to do? Maximize value and return any excess in cash to creditors.

WHAT CHANGED IN 2014? Assets finally got transferred to JPM and former WMB assets which were considered as separate entities from 2008-2013 and accounted for as separate entities MERGED into JPM (just take a look at the subsidiary list).

All of the proceedings will return to the estate, including collected interest (according to the P&A, schedule 3.2).
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***And here is "tens of billion"...yes, tens of billions

http://www.secinfo.com/dJ5e.m8v.b.htm

R-203...... (Off Balance Sheet 127 Billion-Yes, that is tens of billions)

***ESCROW SHARES*** = LARGE DOLLARS!