Mr Cooper Group Inc fka COOP

[bkshadow]

drrugby, the chart was about WMIH, specifically...

...re: the "if" (it is not a given or purported to be) that the benefactors of the Series B conversion at the bottom of the $2.25-$1.75 range would "manage" such to their financial (no cost shares and recovery thereon upon a M&A announcement) gain.

...just tracking the 20 day VWAP, that's all.

...IMO, such has absolutely nothing to do with WMILT; and neither does JPM, or the FDIC, or Deutsche Bank references.

...such unrelated reply assertions (as per below), IMO, have always been and continue to be blind to the facts and realities of the Plan concluding documents, and/or the other entity disclosures re: such, and do not even rise to the level of a theory.

drrugby Wednesday, 11/23/16 12:36:23 PM
Re: bkshadow post# 467903
Post #
467916
of 467921 Go
BK Shadow, Interesting.. But Also look at this..

JPMC 3rd QTR 10Q SEC Filing Page 158 Note (f)

http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11660204&RcvdDate=11/1/2016&CoName=JPMORGAN%20CHASE%20%26%20CO&FormType=10-Q&View=html

(f) At September 30, 2016 , and December 31, 2015 , collateral held by the Firm in support of securities lending indemnification agreements was $170.3 billion and $190.6 billion , respectively. Securities lending collateral consists of primarily cash and securities issued by governments that are members of the Organization for Economic Co-operation and Development and U.S. government agencies.

Lets look at a few things or words.

FDIC is a Quazi Federal Agency.
JPMC has an Indemnification Agreement with the FDIC.

https://www.fdic.gov/about/freedom/Washington_Mutual_P_and_A.pdf

See Page 24 section 12.1

But what is interesting is:

Notice how the money lines up..

JPM Closed on an April 16th, 2016 Preferred Debt Sale.

https://www.sec.gov/Archives/edgar/data/19617/000119312516741573/d273820d424b2.htm

FOR:
$173,638,778,550
Debt Securities
Preferred Stock


USE OF PROCEEDS
Unless otherwise described in the applicable prospectus supplement, we will use the net proceeds we receive from the sale of the securities offered by this prospectus and the applicable prospectus supplement for general corporate purposes.
General corporate purposes may include the repayment of debt, investments in or extensions of credit to our subsidiaries, redemption of our securities or the financing of possible acquisitions or business expansion.
We may invest the net proceeds temporarily or apply them to repay debt until we are ready to use them for their stated purpose.

Maybe the FDIC has forced JPM to finally buy the WMB for its fair book (BK) value: For which JPMC gets the WMB Stock, Preferred Shares, WMB MBS’s, WAMU Tax Refunds and 2.76b$ Cash.

For a WMB Estate value of 173B$ (Notice this number matches the WAMU Bankruptcy Listed Value and JPM Off Book Holdings)

FDIC gets this money to close out the FDIC receivership by paying out Bond Holders, Receiver Claim holders, Preferred and Common Shareholders and WMILT.

Currently, FDIC has claims for 645m$ (JPMC), 3b$ (Duestch Bank), 13.82b$ (WMB General Creditor & Bond Debt) 17.5m$ (FDIC Admin) and 151.2m$ (FDIC)

Total Receivership Claims: 17.635b$ Possible return to WMILT estate after claims: 40 - 155b$.

https://www.fdic.gov/bank/individual/failed/wamu_settlement.html

Which makes the escrow shares worth a good value. See Price Per Share Estimated Values in Red based upon value returned to the WMILT estate.

Remember Jimmy Dimon offered WAMU CEO Kerry Killinger in April of 2008 8$ per share in JPM stock.

http://www.fool.com/investing/dividends-income/2008/04/09/wamu-rebuffs-a-sweet-offer.aspx

Maybe, oh Maybe… JPM pays the FDIC-R in the end for the assets.. Because now they have the cash..

GLTA.. while reading the tea leaves..

Go WMIH and WAMU Escrows Go..

DrR..