Replies to post #488294 on Mr Cooper Group Inc (COOP)

[sillyinvestor]

"It is greatly annoying to always find JPM being the first one paid in all these deals. F@#k! Really!?! I'm just really frustrated. How about showing us equal timing of pay for once! "

I couldn't agree more. I avoid anything Chase related to the best of my ability, and have since 2008.

[stoxjock]

LP. Great insight, Great Post... I really liked the following sentence from your post!

"It is greatly annoying to always find JPM being the first one paid in all these deals. F@#k! Really!?! I'm just really frustrated. How about showing us equal timing of pay for once!"

&#$%ING **stards, the JPIG $OBS!, I completely agree with your sentiment!

[ron_66271]

LP, CIC happened on June 1st.

JPM paid for "WMB and it's assets" on June 1st, and when was re-paid by the FDIC their priority one claim of $645MM on July 14th.

FED met today and then again tomorrow regarding ABS/MBS 'sells and or Run-off' of holdings. If the FED is talking about any WaMu ABS/MBS Trusts then FDIC "Safe Harbor" must now have be removed and ABS/MBS Trust distributions can commence with accumulated funds at anytime.


HLCE,
Ron

[intuitive3]

LP, so are you stating that your opinion is that if things don't come together for WMIH by Jan.2018 those funds invested in WMIH will retreat from WMIH dropping the value significantly- possibly resulting in,as RealTime has stated over and over, in being in the delisted zone? This is the first I have read such prognostication from an esteemed poster as yourself.
Disturbing! We can't afford that result! I can not afford that result after 9 years of this investment!

[boarddork]

Think of it like a house closing. I flip houses and when the sale closes, I'm the last one to get paid, lol.

As I sit down in the Escrow office for one last transaction - for each and every hud statement within escrow (the final final transaction) - the banksters get paid, title gets paid, govt property taxes get paid, 2% Govt excise taxes get paid (WA state), utility bills get paid, escrow fees get paid, each realtor gets paid......first, before me, even though I'm the guy who owns it all.

And then and only then, I get a check!


The FDIC's reconciliation of a P&AA (to overly simplify) is like a house sale closing.

We, those who released, will get paid when all the parties earlier in the transaction get paid. Frustrating to wait, but there is an inevitable Happy Life Changing Event at the end of this transaction.