Mr Cooper Group Inc (COOP)

[hotmeat]

The much quoted $77 Bil which you obviously got that 60% figure from was not solely subprime loans but a total of specific MBS's sold by WAMU to investors. These were composed of Prime loans mixed in with Subprime. The actual subprime loans were much less and even included Prime qualified borrowers who could afford their loans but were encouraged to take subprime loans which WAMU could profit more from. In actuality by the time of seizure WAMU had reduced subprime lending to a minimum unlike the likes of JPM et al.

There were never "MULTIPLE" $20 Bil runs on the bank at any point. The largest was approx. $16.7 Bil over 9 days which actually was the justification for the seizure, all according to the plan that was orchestrated by the FDIC and JPM.

Regarding the pps and losses please refer to internal memos to the OTS where by WMI devised a plan to fund WMB wit approx. $25-30 Bil(not 100% sure on figure)) in cash injections to stabilize the bank. PPS is a direct function of shareholders sentiment based on fear and info available, thus if "negative info" is being leaked to the "street" in a unabashed attempt to devalue a company, obviously the share price will plummet.

WMIH has absolutely no standing to query the whereabouts of the $4 Bil that was in WMI's name, only the LT....period!!!!!