Mr Cooper Group Inc (COOP)

[hotmeat]

First read post 518718 by Justice, paying close attention to the following info presented in the documents...

1) Total WMB assets - $299B
2) Assets acquired by JPM - $258B
3) Asset-Related Equity Adjustments (NOTE 8) - $40.2B
4) Net Assets / (Deficit) At Inception - $26.4B
5) Total Liabilities - $13.8B


Some of us believe that the $40.2B A-REA (3) are retained assets by the FDIC.

In NOTE 8 it is labelled as Non-Cash Adjustments which are Unrecorded Assets or Claims. These are deemed to be Discovered Assets or Liabilities.

IMO this clearly means the $26.4B Unrecorded Asset are Discovered Assets and the $13.8B Claim are Liabilities.

NOTE: The Net Assets / (Deficit) At Inception is clearly a positive (+ve) figure since it is not enclosed in brackets, as per normal reporting in financial documents.