Mr Cooper Group Inc (COOP)

[hotmeat]

Did JPM purchase ALL of WAMU??? Actual expertise required.......



Pg 2 of P&AA: “Assets” means all assets of the Failed Bank purchased pursuant to Section 3.1. Assets owned by Subsidiaries of the Failed Bank are not “Assets” within the meaning of this definition.”


Pg 9 of P&AA: Section 3.1 Assets Purchased by Assuming Bank


Pg 11 of P&AA: Section 3.5 Assets Not Purchased by
Assuming Bank (Listed in Schedule 3.5)


Pg 11 of P&AA: Section 3.6 Assets Essential to Receiver

(a) The Receiver may refuse to sell to the Assuming Bank, any Asset or asset that the Receiver determines to be: (parts iv + v of v)

(iv) secured by collateral which also secures any asset owned by the Receiver; or

(v) related to any asset of the Failed Bank not purchased by the Assuming Bank under this Article III or any liability of the Failed Bank not assumed by the Assuming Bank under Article II.


ZC!!!