Replies to post #480013 on Mr Cooper Group Inc (COOP)

[bkshadow]

WaMu MBS Certificates Series 2007-HY1

Another theory asserted based on misinterpretation from a filing of a deadbeat mortgage borrower that doesn't want to pay (or a continued misunderstanding of mortgage backed securities).

IN SUM:

The INVESTORS that “bought” the WaMu Mortgage Pass-Through Certificates Series 2007-HY1 (along with a slew of other 2005, 2006 and 2007 Securities of WaMu), already litigated a Class Action and were awarded a $69M Settlement.

Again, the INVESTORS that “bought” (i.e., in the realm of reality, “own”) the Certificates “Secured” (i.e., Mortgage Backed Securities).

They are the ONLY one’s receiving payments from such mortgages (regardless who services them).

They are not going to GIVE “their collateral, the mortgage pools” either ~

1. Payments they have already received.

2. Payments they are scheduled to receive.

3. Any share of the $69M Class Action “Settlement” from the date filed (4/11/2012), to date settled (11/10/2014) to the deadline to participate in the settlement (4/20/2015).

http://shareholdersfoundation.com/case/wamu-mortgage-pass-through-certificates-series-200520062007-investor-securities-class-action-la

Further, the deadbeat borrower in foreclosure DOESN’T WANT TO PAY ANYONE (“wants a free ride,” never mind paying the former shareholders of the former parent of the former bank and the bank’s subsidiaries; WaMu Assets Acceptance Corporation or Washington Mutual Mortgage Securities Corporation).

See the specific named WMB subsidiaries identified to the subsidiaries chart by the legend in green.

YIKES!!!!



BIG PICTURE

Of course JPM did not purchase the loan from the FDIC (as #10 of the Plaintiff’s FACTS list).

JPM purchased WMB, and all of its subsidiaries, including the two named in #8 and #9.

And, neither of them still own the mortgage loan either (of course); they were SOLD via securitization in the WaMu Mortgage Pass-Through Certificates Series 2007-HY1.

You can’t sell the loans into securities and expect TO GET THEM BACK without paying for them!

Obviously, JPM was or is just servicing them (i.e., foreclosing, a required servicing protocol when deadbeat borrowers don’t want to pay).

Just another deadbeat borrower.

gg4 Tuesday, 06/20/17 10:44:22 AM
Re: bond-007 post# 480001
Post #
480013
of 480019 Go
Ha always am,usually for the unfortunate like maybe the people that didn't sign when they were supposed to!

...I don't think so.

...'trillions found by DD.

[bond-007]

You are a better man than me compadre. I say they just missed the boat...