Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,165.08
(
0.80%
)
US TECH 100
26,538.40
(
1.85%
)
Dow Jones
49,247.66
(
-0.13%
)
Brent Oil
100.66
(
0.00%
)
Bitcoin
77,394.89
(
-0.10%
)
News Focus
News Focus
Post# of 749756
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

hotmeat

Send PM Follow Ignore
Followers 72
Posts 10407
Boards Moderated 0
Alias Born 09/30/2006

hotmeat

Member Level

Re: nhtrader post# 546424

Sunday, 11/11/2018 2:11:08 PM

Sunday, November 11, 2018 2:11:08 PM

Post# of 749756
Do the math...before NSM had anything to do with WMIH they already were servicing $500B+ in mortgages/loans. Unless JPM hired NSM to sub-service loans they acquired in the WMB purchase, there are none. Servicing loans is not ownership of interests as AZ and others seem to claim COOP has. It's 100% wrong.

COOP just filed quarterly results, where are the profits from the WMI assets they supposedly own? There are none because they own nothing, which if they did, has to be publicly reported as per Nasdaq requirements.

25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today