Mr Cooper Group Inc (COOP)

[Large Green]

More Dots To Connect - JPM NOW Servicing Former COOP Mortgages

READ CLOSELY ALL THE WAY TO BOTTOM-THIS CONNECTS MANY, MANY DOTS TO OUR DISTRIBUTIONS

1) Some BoardPost members reported their mortgages will be serviced by JPM on 4/1/2022...This is a turn-a-round from what we have seen in the past BUT now makes perfect sense on both timing and JPM paying for certain assets as we saw in POR 7

2) Amended POR 7 signed by the court on 2/23/2012 advised JPM must pay Book-Value for certain assets of the WaMu Estate

3) We have not seen these monies to date, so the 90 days from dissolving WMILT on 12/31/2022 was another potential (???) purposeful delay that must pass, or this time was used for JPM to gather the assets they wanted to pay for and will proceed with payment on or shortly AFTER 3/31/2022 with distributions to investors who signed timely releases by 3/2012 soon thereafter

4) Now look at the following information I have posted several times over the years

5) Plus the 50B discussed on the recent earnings call on 2/11/2022 with Escrow Shares being suddenly removed same day and then COOP stock rallied seven-plus dollars...hmmm, hmmm

6) This is now all coming together it seems not to mention some investors must be terribly worried
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Remember the Year 2014 & JPM's OFF-BALANCE SHEET ASSETS-Now Look at COOP's Admission of Off-Balance Sheet Assets

***MANY BELIEVE THESE JPM OFF-BALANCE SHEETS Assets were earmarked for the investors who signed timely releases...NO, JPM DID NOT GET ALL OF THIS FOR FREE***

Obligation under an Off-Balance Sheet Arrangement of a

Registrant, Financial Statements and Exhibits (form 8-K)

11/04/2021 | 04:24pm EDT

https://www.sec.gov/Archives/edgar/data/933136/000119312521320180/0001193125-21-320180-index.htm

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WaMu Assets - JPM remitting monies to the Wells Fargo accounts

http://s.wsj.net/public/resources/documents/WSJ-WAMU-Responsive-e-mails092810.pdf

JPM remitting monies to the Wells Fargo accounts set up during bankruptcy, however, we have no idea how many billions are in these accounts and the same goes for the court registry accounts ALL lawyers have been paid from to the tune of almost ONE BILLION DOLLARS- ZERO ACCOUNTABILITY!

Are we forgetting this?

From the GSA:

http://www.sec.gov/Archives/edgar/data/933136/000090951810000371/settlement_agr.htm

Exhibit Z

Loan Servicing. From and after the Effective Date of 3/19/2012, JPMC shall (a) cause such of its Affiliates to continue to service the loans identified on Exhibit “Z” hereto (the “Loans”) pursuant to the servicing agreements identified on Exhibit “AA” hereto (the “Servicing Agreements”), (b) cause such of its Affiliates to remit to WMI all checks and/or payments received in connection with those loans in its possession and (c) promptly (i) remit to WMI all servicing advances that JPMC is holding with respect to such loans and (ii) provide WMI an accounting with respect to each of the foregoing.

Notwithstanding the foregoing, any dispute that may arise relating to the servicing of such loans during the period from and after the Effective Date shall be brought pursuant to such servicing agreements and this Agreement is not intended to create any additional rights, obligations or remedies.

The Parties acknowledge and agree that (y) the Loans are the only loans that are or will be, from and after the Effective Date, serviced by the JPMC Entities (or their Affiliates) for the WMI Entities (or their Affiliates or their successors in interest) and that the Service Agreements are the only servicing agreements between the JPMC Entities (or their Affiliates) and the WMI Entities (or their Affiliates) and (z) with the exception of the obligations set forth in this Section 2.19, the JPMC Entities (and their Affiliates) shall have no further obligations or liability to any of the WMI Entities (or their Affiliates) with respect to or in any way related to the servicing of any loans for the WMI Entities (or their Affiliates).

Notice that it says WMI and NOT WMB?

Also, notice that most of the loans are single-family residential loans?

And let's see what is noted in the P&A between FDIC as RECEIVER of assets from WMB and JPM.

Let's zoom in on Schedule 3.2 (it is called PURCHASE PRICE OF ASSETS, by the way, to avoid any misinterpretation):

(a) cash and receivables from depository Book Value
institutions, including cash items in the
process of collection, plus
interest thereon:
(b) securities (exclusive of the capital stock of Market Value
Acquired Subsidiares), plus interest
thereon:
(c) federal funds sold and repurchase Book Value
agreements, if any, including interest
thereon:
(d) Loans: Book Value
(e) Other Real Estate: Book Value
(f) credit card business, if any, including all Book Value
outstanding extensions of credit:
(g) Safe Deposit Boxes and related business,
safekeeping business and trust business, if Book Value
any:
(h) Records and other documents: Book Value
(i) capital stock of any Acquired Subsidiares: Book Value
(j) amounts owed to the Failed Bank by any Book Value
Acquired Subsidiar:
(k) assets securing Deposits of public money, Book Value
to the extent not otherwise purchased
hereunder:
(1) Overdrafts of customers: Book Value
(m) rights, if any, with respect to Qualified Market Value
Financial Contracts.
(n) rights of the Failed Bank to provide Book Value
mortgage servicing for others and to have
mortgage servicing provided to the Failed
Bank by others and related contracts.
(0) Bank Premises: Book Value
(p) Furniture and Equipment: Book Value
(q) Fixtures: Book Value

If you read all this, isn't it very obvious the off-balance figures on the JPM 10k were made public in 2014 and the closing of P&A in 2014 are related? Not the mention the 38 billion of loans which have not been repaid or liquidated returning to the FDIC receivership?

Isn't it very obvious that JPM, as stated in the GSA, was the pure servicer for Single Family Residential loans (a.k.a. mortgages) and that checks and payment are to be remitted to WMI?


THIS REALLY SHOULD MAKE INVESTORS THINK

https://www.sec.gov/Archives/edgar/data/933136/000119312521320180/0001193125-21-320180-index.htm


MR. COOPER GROUP INC. : Entry into a Material Definitive Agreement,

Creation of a Direct Financial Obligation

OR

an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits


WaMu 299 BILLION in ASSETS - FDIC OWN PIE CHART PAGE 7 - ALL COMING TOGETHER

WaMu 299 BILLION TOTAL ASSETS PER THE FDIC

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135773992

'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF 299 Billion in Assets - This Number should Come Up Again

https://www.fdic.gov/about/financial-reports/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf

Bottom of page 7 below pie chart

'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF