Mr Cooper Group Inc (COOP)

[Large Green]

Newflow, JPM's 1.8B was only an INITIAL payment. Here, take a look.

WaMu Purchase Assumption Agreement-CONCENTRATE ON THE MEANING OF INITIAL PAYMENT

Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means

The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed.

https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf

***PDF Page 20***

ARTICLE VII

BID; INITIAL PAYMENT

$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of

Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.


Q) After the initial payment of 1.888B was paid, then what is the remaining balance to be paid, and when? I will take a shot at answering both of these questions.

[color=red]A) Sometime between now and midnight on 12/31/2023, we will have some answers and/or distributions. Further, I will say there will be between a minimum of 27 and 625B returning.

I believe a trigger for all this to happen is the Powers-That-Be must sign a release to the FDIC and possibly others for the monies to flow. which could happen literally ANY DAY/i][/color]




xxx