Mr Cooper Group Inc fka COOP

[hotmeat]

I will reserve any excitement when i see definitive proof that these assets were withheld from JPM and the FDIC.

If we could determine what these assets were and which entities held them that would be helpful.

What is hopeful is that as of December, 2007 to June, 2008 those AFSS assets decreased by less than $1B.

This IMO shows WAMU management were optimistic and did not seek to liquidate assets to raise fast cash.

The June, 2008 10Q shows, they actually sold $5B+ and added $6B+ in AFSS, the portfolio of which generated ~$1.6B in revenue for that 6 month period.