Mr Cooper Group Inc (COOP)

[boarddork]

Remember:

Per the 2013 Department of Justice's Settlement Agreement with JPM (1 of 2 Settlement Agreements), JPM did NOT become successor in interest to:

1) Washington Mutual Bank[/b] = WAMU = WMB
2) WAAC
3) WMMSC
4) Long Beach

JPM could take the shell, but not the nut. That is safe harbor and legal isolation, in action.



Now take a look at WAAC last SEC 15-G filing on 2/12/18

Zero activity to report on what was originally $13B... How could $13B in mortgage assets have no activity to report, unless within the last 6 months, they are no longer with WAAC. Looking at WAAC now: https://www.bamsec.com/filing/92963817000833/2?cik=1317069


Think about it for a second:


Wasn't DB's lawsuit based on a blanket repurchase claim of $13B ?

Is it a coincidence that WAAC's total originated assets = $13B ?

Therefore DB is/was trustee of these specific trusts?

Now that DB's lawsuit is complete, and their claim is settled for <$3B and covered by the FDIC, is it a coincidence that now WAAC for the last 6 month period is now recently reporting "no activity" going forward on $13B in mortgage assets?


If WAAC had these $13B in assets under required SEC reporting 6-12 months ago, and is no longer reporting any activity in the last 6 months....IS THIS A SIGN these assets have been vacated from WAAC and moved towards management underneath the upcoming merger with Nationstar?

$13B in Mortgage assets dont stop SEC reporting for a 6 month period, unless there is nothing left in WAAC to report.......! !