Mr Cooper Group Inc (COOP)

[ReikoBlack]

I've been asked to relay this message to cura asada from det_sherlock

To cura asada
Fm det_sherlock

Cura - I have long wondered if these "Great Western" entities have anything to do with the potential acquisition of Great Western Bancorp. you posted about. So I pass this along, FYI.

WMI acquired two "Great Western" units, as shown on their list of subs below.

If I recall correctly, JPMC lists several of its major units that operate from Chatsworth, CA. Are these servicing units JPMC picked up from WMB, or are they misappropriated property of WMI that are expected to be returned?

If they're expected to be returned in some fashion--liquidated by the LT, might WMI bid on them, and merge them with an acquisition of Great Western Bancorp.? This sounds impossible, due to the "debtor assets not to be returned to reorg'd company" provision.

But if you recall my Boardpost posts on the Penn State (?) study and another one that clearly spell out some "possible" outcomes of a negotiated settlement with the FDIC that include the idea of allowing the harmed company to buy-back some of its assets (in an open bidding process).

True, assets are not to be returned to debtors--but in a special situation, the FDIC might just correct some of its "errors" via a "negotiated settlement" with WMI.

FYI, for what it's worth.

det

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1997 WMI acquisition of Great Western Units:

Great Western Bank (1919–97) - Wikipedia
https://en.wikipedia.org/wiki/Great_Western_Bank_(1919–97)
Jump to Acquisition by Washington Mutual - Great Western Bank was a large retail bank that operated primarily in the Western United States. Great Western's headquarters were in Chatsworth, California. At one time, Great Western was one of the largest savings and loan in the nation, second only to Home Savings of ...
Headquarters?: ?Chatsworth, California
Area served?: ?California?, ?Florida?, ?Washington?, ...
Industry?: ?Banking

Great Western Accepts Rival Takeover Bid - The New York Times
www.nytimes.com/1997/03/07/.../great-western-accepts-rival-takeover-bid.html
Mar 7, 1997 - Great Western Financial, moving to thwart a hostile takeover offer by H. F. Ahmanson & Company, said yesterday that it had agreed to be acquired by Washington Mutual for stock worth $6.6 billion in a deal that would create the country's largest savings and loan institution. Washington Mutual's offer, which ...

Great Western Accepts Washington Mutual Deal - WSJ
www.wsj.com/articles/SB857681454152985500
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EX-21 14 a2182890zex-21.htm
EXHIBIT 21
WASHINGTON MUTUAL, INC. DIRECT AND INDIRECT SUBSIDIARIES

Great Western FS Corporation
Great Western Service Corporation Two

SOURCE - POST-SEIZURE SUB LIST, pg 22:
http://www.kccllc.net/documents/0812229/0812229081126000000000005.pdf