Mr Cooper Group Inc (COOP)

[ReikoBlack]

But, according to you JPM already paid in 2017, $900 billion. (Yes, that's right...you said $900 billion.) (You're obviously someone of sound mind. (sarcasm))

Thanks Uncle Bo. Yes the Sept 5th is a "Dog whistle" regarding "appeals".


For the rest of the MB;

The PAA was completed with the "Final Approval" on June 30th along with the "Final Allocation" and JPM and the FDIC got their money on, or before June 14th. It happened.

JPM got their $645MM at the same time the FDIC got "the Final Payment" of around $900B for "WMB and it's assets" which completes the CIC. DBNTC and other Trustees received their Trusts distributions shortly thereafter, which finalized the PAA and Receivership and CIC with "the Final Payment" to the WMI Estate. IMO, on Sept 5th.

>> When you buy a car with a $2,000 up front discount, can you take the $2,000 up front to go buy a Refrigerator and the come back in two hours and buy the car? NO WAY! Both deals close at the same time.

The OTS Balance sheet of $46B is correct, but none of the liabilities became liabilities. Again see the FDIC for liabilities. Hence; $299B for "WMB and it's assets" with minor adjustments for above JPM, DBNTC and other claimants.


***
ABS Securities

JPM claims to make $6B [maybe $8B] annually from servicing WaMu Securities at ~1.4%. JPM has been servicing WaMu Portfolio for 8.91 years time[t]. To keep it conservative figure a 30% participation rate to calculate the total accumulated.

The Math;
X * 1.4% = $6B
X = $6B / .014
X = X * .30 * t

Hopefully we see some ABS money before Sept 5th. Normally ABS payments are made on the 23rd to the 25th on the month. The ABS are Safe Harbor, and not directly part of the receivership.

-> AZ is RIGHT <-
HLCE,
Ron

P.S.
Did the PIERs finalize? What timing.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134277327

Yes JPM Settled.

The Proof;
41.6 “Willful Misconduct”.
JPM is admitting to the RICO charge by WMI and ANICO.

JPM will pay for “WMB and it’s assets” by paying the FDIC, then the FDIC pays us.

That is why the ANICO case against JPM was dismissed!

I’m very sure ANICO has tolling agreements to reopen the case if JPM fails to perform. Same for WMI Equity in relationship to 41.6.
JPM is only released in principle.
True release comes with “Paid in Full” by the FDIC.
As I have explained;
WMI sued the FDIC for $307.2 Billion, $7.9 Billion came back to the Estate. Then the FDIC responded with; $299 Billion for WMB and it’s Assets”.
Not my numbers. THEIR NUMBERS.

“Willful Misconduct” adds a multiple.
Judicial precedents. NOT IMO.



Ron