Mr Cooper Group Inc (COOP)

[LuckyPanda]

seamus, I do not know what percentage of the original $300 billion loan portfolio are controlled by DB as trustee but it had to be in tens of billions. DB originally sued FDIC for $13 billion in loan put back claims. So I think the portfolio that they are in charge must be tens of billions in order for them to sue for $13 billion in putbacks.

I do not believe FDIC simply "gave" the $300 billion portfolio income stream to JPM. Thats why JPM had like $150 billion non performing deposits. I believe thats the deposit base that they inherited from Wamu from the bank purchase. Thats the deposit base that WMI already used to fund part of the $300 billion portfolio. That deposit base is still being serviced by the $300 billion portfolio in safe harbor but JPM cant use it to fund new loans for themselves.

I'm just glad that the conclusion of the DB probate would end the last lawsuit for the FDIC receivership before they can close it. Once the FDIC receivership closes, then we can see whay ee have in the safe harbor.