Mr Cooper Group Inc fka COOP

[Large Green]

FDIC DOCUMENT CONCERNING THE WaMu P & A

PLEASE LOOK UP MEANING of Initial Payment

WaMu Purchase Assumption Agreement

WaMu Purchase Assumption Agreement-SOME NEED TO 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 with FDIC being released.

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 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.




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