Mr Cooper Group Inc (COOP)

[wamugold]

Quote:"the Debtor admitted to retaining approximately $116 billion in mortgage-backed securities (“MBS”) and $18 billion in credit card securitizations"

Quote:"By letter dated August 9, 2019 to the District Court, counsel for the Trust, states that in its bankruptcy schedules the Debtor claimed it had $76.2 million market value in MBS when it filed its petition. See Exhibit ‘B’ hereto. Notwithstanding, the Trust now claims the market value of that MBS was only $84,000."

I have seen that 72M figure before, AZ Is there any truth to this?

Can they screw retail by hiding RMBS value on that 76M. FDIC and JPM both lost the list of assets so they can claim anything there is no proof and judge allowed to rule without the list of assets...