Mr Cooper Group Inc fka COOP

[Royal Dude]

This is the roadmap for JPM and the FDIC financial plan. Still believe in 2 buckets for Project West 32 B/Filmore with the EC/Susman group. I do believe you will not see WM in any Docs wiped from History by confidential agreements from the FDIC and you will see a facsimile in First Republic. as given to JPM. Sure looks much simpler for JPM to take the whole thing inside , to keep it all in the same deal inside. this would be able to have JPM to merger with COOP and JPM IMO


"The recent acquisition of First Republic assets makes Q2 guesstimates tough
JPMorgan is always on the lookout for good deals and during the second quarter, the bank acquired about $173B of loans and $30B of securities from the FDIC which seized the assets of the First Republic Bank. The assets are backed by $92B in deposits and $28B in FHLB advances, and JPMorgan acquired these assets for $10.6B in cash.
Back in 2008 the concept of a 'Jamie-Deal' was launched when JPMorgan initially got an amazing deal on the government-backed acquisition of Bear Stearns. And it looks like JPMorgan's deal to acquire these assets from First Republic is another 'Jamie Deal'. The FDIC has entered into loss share agreements and will provide 80% loss coverage on residential mortgages in the first seven years and 80% loss coverage on commercial loans during the first five years. Additionally, the FDIC is providing JPMorgan with a $50B fixed rate financing for a period of five years. This will replace the $25B in deposits from large US banks."