Mr Cooper Group Inc (COOP)

[bkshadow]

TRUST PREFERRED SECURITIES went to JPM as per...

...the Conditional Exchange.

...and the TPS Group acceptance of the Settlement Agreement.

...all clearly disclosed in the February 2012 Monthly Operating Report in Footnote 4 - Washington Mutual Preferred Funding.

...check it out.

http://www.kccllc.net/wamu/document/0812229120330000000000007

...since JPM got the "securities" they also GET WHAT THE SECURITIES were for ~ $13 BILLION of mortgage loans (really toxic ones too).

...as with DB and the whole MBS platform, the underlying mortgages are sponsored and sold to the investors owners of such; i.e., they DO NOT COME BACK, i.e., get 'separated from the securities that own them.