Mr Cooper Group Inc (COOP)

[hotmeat]

In the absence of hard facts we can only theorize about certain matters. That said, there are certain issues that are relatively clear regarding WMI.

The LT is the legal successor in title and interest, WMI in most cases, indirectly retained interests in loans/MBS's and many if not most are still performing.

We also know that JPM could not and did not acquire these assets due to restrictions placed in the P&AA by the FDIC and Safe Harbor provisions.

Based on these confirmable facts alone one can hardly refer to these theories as "hopes and dreams",..that would be a bit hyperbolic.

If deciphering bankruptcy docs was a routine task for us laymen, there would be no need for bankruptcy counsel,...this is clearly not the case.