Mr Cooper Group Inc (COOP)

[fsshon]

No JPMC Official testified at a recent trial that they are not the legal owners of the Mortgages that were part of the WAMU/FDIC deal. The ownership of the mortgages was not transferred as part of the P&A. Wamu outright owned hundreds/thousands of Bank funded Mortgages, these were not part of the deal. I do not know how they are going to fix this mess.

"Whole Bank" did not include the mortgages. So JPMC is the servicer and most likely has per the FDIC requests put the funds into a separate account pending further litigation against those funds.

This is about as discombobulated as it can get. I am theorizing here.

This may be what the "sealed docs" pertained to?
Catz?