Mr Cooper Group Inc fka COOP

[ron_66271]

$1.7 TRILLION In RMBS. $2T According to FDIC.

That is just the Residential Mortgage Loans (RMBS).

WaMu also created Commercial Mortgage Loans into Trusts also.
…
Auto loans.
Credit Cards.
• Securitized debt rolled into Trusts sold into the market.

Yes of course WaMu held large portions of their offerings and invested in others offerings.
All losses were insured through derivative contracts.
Therefore WaMu had no exposure to the downside.

The TBTF (the writers of the Derivative Contracts) are hoping that they can minimize their exposure to cover their obligations in LIBOR litigation.
I don’t think it’s working for them. More time means more interest accumulation.

Escrow holders are going to be fine, big fine.

The numbers told us.
RE(363 Sales), RA(ABS Trust Investment’s), WMI unaccounted for assets, WMBFSB, WMB,,,

That’s why JPM wanted to steal WaMu.

jhdf51, don’t lose hope in escrow shares.
I’m in Kirkland.

I can say more…



Ron