Mr Cooper Group Inc (COOP)

[AZCowboy]

~ And Wrong' ... But' Once Again ~

WMI' - Washington Mutual, Inc. (s) (The Parent Corp) ... had a covered bond program, cusip beginning with # 939322 ... multiple offerings'

WMB' - Washington Mutual Bank (also) had a covered bond program, cusip beginning with # 93933 ... multiple offerings'

The FDIC refers to WMB Bonds' ... (now, - WMB Tranche 5 - Class 17a and Class 17b)

The old news article presented, references ... WMI Bonds' ...


ACTUALLY READ the ... the Case Filings' ...

...it IS' right there in PLAIN ENGLISH.

Quote from the FDIC site':

On September 25, 2008, Washington Mutual Bank was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver. Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC as Receiver for Washington Mutual Bank

and, the following is not correct' ... "WMI "never" issued Covered Bonds"

...BTW, WMI "never" issued Covered Bonds.

...I'll believe the FDIC-R announcement, the P&AA, the confirmed plan and related documents (GSA) over a news reporters erroneous reference to WMI.

and, ... I do not use any press release statements for any due diligence' ... read the case file, beginning with filing # 0001'

Quote:
By Al Yoon | NEW YORK, Sept 26

Covered bonds issued by Washington Mutual Inc jumped on Friday after U.S. regulators affirmed the supporting assets would be assumed by JPMorgan Chase & Co, easing investor doubts of how the securities may be treated in a bank insolvency.

AZ