Mr Cooper Group Inc fka COOP

[marayatano]

Updated: D Indian, briefly, WMI and WMI Investments had several cash deposit accounts within two (2) seperate banks, Washington Mutual Bank AND Washington Mutual Bank fsb. Both of these bank are now Chase.

If I remember correctly, there are at least 6 or 7 accounts within Chase WMI is claiming. Chase asserts that these deposits were sold to JP Morgan and/or were capital contributions in favor of Chase and not a deposit liability.

WMI filed the Complaint because they are entitled to the deposits and not on behalf of "other" customers. WMI is now considered a customer of Chase.

WMI only wanted the deposit. Chase forced WMI to file the Complaint and now WMI wants interest on top of the $4 plus Billion, in upwards of $200M. I assume WMI may be able to go for attorneys fees.

Hope that answers your questions.

The above is my opinion.