Mr Cooper Group Inc (COOP)

[boarddork]

We might find that #1 WMBank FA, Chatsworth CA......is logically associated with only mortgage product and therefore anything under its umbrella, took what it protected into safe harbor, when:

A) WMBank Utah, WMBank Nevada were received together by the FDIC (as stated), and WMI and WMIIC declared individual and separate bankruptcies, jointly administered.

I'm having a huge A-HA moment. Thanks AZ..... It totally makes sense. The FDIC always says they seized the "banking" operations of WAMU..........and most dont realize there are 3 WAMU banks - Chatsworth CA, Utah, and Nevada. The FDIC states it received Utah and Nevada only.....Holy $#%#%

I think that is a huge difference. WMBank FA Chatsworth was not the physical banking part of WAMU, it is largely the majority mortgage part of it.

Think back to all the BP Investigations, foreclosure lawsuits, etc....and it is mostly WMB FA (chatsworth CA) mentioned. This fits like a glove with how safe harbor was spirited away from the grasp of FDIC, WMI, and JPM as creditors.

I knew it happened, just couldn't figure out paper trail wise. What a sleight of hand these last 10 years has been. Between the FDIC, WMI, JPM - none have been really been outright lying, just misleading by omission and technicality. Separate the entities, compare who took what name, and oooooops....there still happens to be one surviving bank? Good god ! ! Maybe we're getting that back as well?