Mr Cooper Group Inc (COOP)

[lodas]

WAMU securitized 2 trillion i RMBS?....there needs to be a link to that statement....why didn't this sum of assets ever appear in court, and how did lawyers and accountants miss this huge sum of money?........the POR 7 says that WAMU forfeited all its assets to JPM because the cost to litigate would have taken many years, and huge court costs, and besides JPM was threatening a 27 billion dollar claim against WAMU if they pressed court action....in return for forfeiting their assets, WMI got 4 billion in depositors funds, and 2.5 billion share in the tax refunds...that money, along with about 400 million, WMI created the WMIL-T, and paid off Creditors to bring WMIH out of chapter 11...its all in the POR 7, and chapter 11 closing..... a must read.....Lodas