Mr Cooper Group Inc (COOP)

[Vulcanized Crawler]

hoping for the best....4.50 would do me ok big time...but read below>>>>(vc substituted for my given name, rubber worm)


Date: October 4, 2008
Ref No: SCC2008W-022760-0

Dear Mr. Vulcanized Crawler:

Thank you for contacting the FDIC regarding your Washington Mutual stock. We sympathize with your situation. Based upon your e-mail, you are aware that on September 25, 2008, Washington Mutual was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver. Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC as Receiver for Washington Mutual Bank. Investor relations information is provided below for your reference:

Investor Relations
JPMorgan Chase & Co.
270 Park Avenue
New York, NY 10017-2070
212-270-7325
[e-mail]

Claims by preferred stockholders, subordinated debt holders, and unsecured senior debt holders of Washington Mutual Bank were not acquired; these claims, together with proof of the claims, must be submitted in writing to the Receiver at the following address:


FDIC as Receiver of Washington Mutual Bank
1601 Bryan Street
Dallas, TX 75201
Attention: Claims Agent

The closure and the receivership do not affect the claims by equity, debt holders or other creditors of Washington Mutual, Inc., the holding company for Washington Mutual Bank.

The holders of equity, subordinated and unsecured senior debt in Washington Mutual Bank are creditors of the receivership for Washington Mutual Bank and should file claims in the receivership for recovery of any amounts that may be due to them. Please note that under federal law, 12 U.S.C. § 1821(d)(11), claims by equity and subordinated debt holders are subordinated to claims by general creditors of the institution. At this time, the FDIC as Receiver for Washington Mutual Bank does not anticipate that equity and subordinated debt holders will receive any recovery on their claims.

The opinions expressed herein should only be considered advisory in nature. Such opinions are not binding upon the FDIC or its Board of Directors. In addition, the information provided is not meant to be all inclusive and the opinions expressed herein are based upon the facts presented in the request. Any changes in the facts or circumstances may result in different conclusions.

We hope this information is helpful to you. As part of our ongoing efforts to improve our service to the public, we would appreciate it if you would complete a short questionnaire on the level of service you received from this office. The questionnaire form can be accessed at http://www2.fdic.gov/starsmail/customer.html

Sincerely,

Federal Deposit Insurance Corporation
Division of Supervision and Consumer Protection