Replies to post #432575 on Mr Cooper Group Inc (COOP)

[scrivenerserror]

Take the % of interest generated by OUR wamu mortages in the past 7 years and this alone is enough to finance a hlce . i do not think these mortages are worth 100% of their value if one would like to sell them but also way more than 1.888 b .

That forbes article from september 2008 said everything wmb had would be worth around 52 billion .

+ 24 billion wmi assets shown in filing 1 .

+ 7 years of interest

+ whatever may be still hidden at fdic-r


52 billion value of mortages + 24 billion wmi assets + 7 x 4%interest = 100.01 billion

"Jpm to shed 100 billion "

What a funny coincidence this is ...

I think we have :

[bkshadow]

investorhub123, ummm, JPM bought the mortgages...

...undisputed by any party in interest, including equity.

...clearly reported in JPM's audited SEC financials.

...and by the FDIC.

...so enough.