Mr Cooper Group Inc (COOP)

[etzetrade]

JPM bought, not find incidentally. We're pretty sure there is $30B. Finally, our hope is creased from 0 to $30B at the present. Nobody knows how much more, everyone is guessing from 0 - 100B.

Actually, it is very simple. During 2009 - 2014, a lot of home owners were refinancing their mortgage due to low mortgage rate. JPM did the service for refinancing by using her money, plus converting all wamu's mortgage to herself. Of course, JPM had to pay FDIC-R per the book value. Those pays are under the private label oF wamu's MBS. How much wamu's will get back is really based on the deal between wamu and other investors. For instance, if MBS lost its value, who should be responsible for what.