Mr Cooper Group Inc (COOP)

[boarddork]

Thx AZ! I love all these updates and signs of movement. That is fascinating about WMB FA....

So the FDIC received: 1) WMBank, Henderson, NV 2) WMBank FSB, Park City, UT

But the safe harbor trusts backing the WMB bonds were apparently stashed in another separate unseized and unrecieved: 3) WMBank, Chatsworth, CA

So in essence, 3) WMBank, Chatsworth, CA is acting like any other Delaware SPE for the duration and protection of safe harbor qualified product ? Which JPM agreed to take on the liability for? So like a bankruptcy, the FDIC took the so called 'failing' aspects of the WAMU banks, and the fully backed and supported with collateral 'bonds' were left intact and functioning - separated from the receivership's WAMU balance sheet ? if I understand this.....I haven't spent much time understanding the bonds.

Thanks for taking a risk on those bonds so we could follow this backstory. WOW! Crazy cool. Another level of 'hide the sausage'