Mr Cooper Group Inc fka COOP

[jerrylev]

HM, I don't claim to understand to understand your (accounting) terminology but I think it is either 2) or 3).

So in the CFO quarterly report, the FDIC said for other banks (and it will apply to WAMU since the assets were not sold yet at the time of the report):

https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf

- 56% are assets that it covered
- 20% are retained
- 24% passed to acquirer

And since JPM wrote off 40B, it must be pure value of the assets.

So another question for you:

- Since JPM only retained assets from WMB and if we get any small chunk of it, it is a bonus, isn't it? Since our main money will come from WMI and WMB assets that are securitized, or in safe harbor? Is that right?

And is it possible that after the FDIC retained 40B of assets supposedly from WMB, it may find out later that some belong to WMI and some have SPE owned by WMI and so it found out that it didn't retain enough money to pay its claims such as the bondholders and therefore the FDIC dragged its feet until today by not allowing WMILT to pay escrow markers by using the employee claims as dam holder?