Mr Cooper Group Inc (COOP)

[jerrylev]

BD, I reread the filing and I am convinced that those WAMU entities were sold, if not entirely then at least partially to JPM.

In the first page, JPM Securities was in the lawsuit by the DoJ and it said that it contains Bear Stearns. For the WAMU entities, JPM still kept the old names and that's why they were listed separately, Those WAMU entities were not merged into any JPM division. But they were sold, at least partially as shown in line 13 on page 6.

Now according to HM and Justice, the FDIC-R has retained 27B likely from those WAMU assets, to pay the claims. 27B are more than enough to pay the claims and HM estimated that there are about 11B left for us, not including any safe harbor and WMI assets held by WMILT. But on the FDIC-R side, they held 27B.