Mr Cooper Group Inc (COOP)

[lodas]

the FDIC-R is currently holding a 14 billion dollar shortfall in the balance sheet of WAMU due to shortsellers, and depositors draining the funds backing UNSECURED loans that Long Beach Mortgage wrote with investors and depositors money...in addition, the 299 billion in MBS that LBM wrote are being monetized as the securities are being being paid back by borrowers underlying them...it will take years for these securities mature and close out...the FDIC is anticipating a shortfall in the values representing them, and thats why they do not foresee any recovery for UNSECURED CLAIMS,,, Bondholders will be paid first, then FDIC management charges, and any other SECURED CLAIMS.... Lodas