Mr Cooper Group Inc (COOP)

[ron_66271]

What Happened to the Other 3/4ths?

"Pg. 116 –
From 2000 to 2007, Washington Mutual and Long Beach securitized at least $77 billion in subprime and home equity loans. WaMu also sold or securitized at least $115 billion in Option ARM loans. Between 2000 and 2008, Washington Mutual sold over $500 billion in loans to Fannie Mae and Freddie Mac, accounting for more than a quarter of every dollar in loans WaMu originated."


$500 billion in loans sold to Fannie Mae and Freddie Mac is more than 1/4th of loans WaMu originated.

What happened to the Other 3/4th of loans WaMu originated?

~ $1,500-ish Billion?

~ $1.5T