Mr Cooper Group Inc (COOP)

[tcr7309]

omg, please don't tell me, that this table is what you are equating to 165 billion in assets/cash coming back to escrows.

This relates to the runoff of mortgages, period. Do you not understand how mbs's and mortgage paper work. wow, this is what you guys have been banking on, no pun intended.

Read the paragraph from the jpm 10k, it's run off paper. basically worthless from an gaap perspective regarding valuation. here it is again. all imo

In addition, from 2005 to 2008, Washington Mutual m
ade certain loan
level representations and warranties in connection
with approximately
$165 billion of residential mortgage loans that wer
e originally sold or
deposited into private-label securitizations by Was
hington Mutual. Of
the $165 billion , approximately $78 billion has be
en repaid. In
addition, approximately $49 billion of the principa
l amount of such
loans has liquidated with an average loss severity
of 59% .
Accordingly, the remaining outstanding principal ba
lance of these
loans as of December 31, 2014 , was approximately $
38 billion , of
which $8 billion was 60 days or more past due. The
Firm believes that
any repurchase obligations related to these loans r
emain with the FDIC
receivership