Mr Cooper Group Inc (COOP)

[mad4]

Well it seems to me that the assets are being contested somehow. JPM is saying that the FDIC R has them and if that is the case, then they should be part of escrow assets in my point of view

Here is the footnote

1WaMu Asset Acceptance Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association (“JPMCB”) acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these assets.

Now when you go to the breakdown there are 16B of assets in disputed, rejected or other categories. I got lost there, anybody who can interpret???