Mr Cooper Group Inc (COOP)

[WithCatz]

islandcat -- what is unclear is whether or not WMB held the realestate, so of course, that gets back to the infamous "list of assets" -- which I am _sure_ will be a question for the Examiner to help answer. (I'm not trying to start the what did WMB own, etc, just that it is not clear.)

So this being true, how is it that JPM has had the right to sell assets like the WMI head quarters at 2nd and union? We questions it at the time, but there is no way they had clear title or the right to sale it. Any thoughts?

The other 1/2 of the question I have seen is "if the contract isn't done, how can JPM sell" (paraphrased). And that answer is also similar -- as long as the FDIC "gives" JPM the authority to sell something, then if it is later determined that it was sold incorrectly, then it's the title insurer (if there was one), JPM, or ultimately the FDIC on the hook.

None of which prevents the sale.

...Catz