Mr Cooper Group Inc (COOP)

[etzetrade]

I read almost your posts and LG, AZ's posts. I try to find out any possible interconnection with each other. IMHO, please let me have your comments.

WMII supposedly should have investments in MBS. After BK, JPM serves the MBS. There are three categories of MBS owned by WMI.

1) MBS were repurchased (actually should be re-financed by JPM's money). Therefore, WMII no longer owns it, and should get its original investment in terms of cash back.

2) MBS were liquidated. It means either being in short sales or foreclosure. WMII lost it's MBS again, and gets money back again from JPM. How much WMII lost, nobody knows.

3) 38B of MBS will be back to WMII due to some troubles in the status of either foreclosure or short sales.

Could WMII still has money or not enough to pay out other investors unknown. It explains some puzzles here, such as M&A not happen yet, JPM shed $100B in cash and return $38B of MBS, have assets management on board for $38B, and have investment experts on board for $100B (if it shows surplus). Nothing is happened yet is because that everyone is waiting for final reconciliation from FDIC-R.