Mr Cooper Group Inc fka COOP

[ItsMyOption]

FDIC RESPONSE TO COMPLAINT LETTER

I am unable to copy and paste the entire 2 page letter but it did not provide the answers I requested to my questions. It referred me to the Status of Washington Mutual page for latest update and should answer all my question. The last update was 12/06/19 https://www.fdic.gov/Bank/individual/failed/wamu-settlement.html

It did state the LIBOR manipulation litigation is ongoing and no further comments can be made.

The letter also stated that the current Balance sheet shows it is unlikely there will be sufficient funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders. So my guess is they do not plan to pay the class 17 note claims but JPM will need to address that claim.

I plan to write a response to that letter today and file another complaint. I feel other may want to flood their office daily with letters or complaints.

I tried my best but it appears the FDIC does not wish to be TRANSPARENT AT ALL.


The letter was addressed from
Lee, Priscilla I. <[e-mail]>
Priscilla I. Lee
FDIC - Office of Ombudsman
[phone]
Fax [phone]
Cell [phone]