Replies to post #490971 on Mr Cooper Group Inc (COOP)

[bkshadow]

mufa, the BIG PICTURE is these theories have...

...all been total nonsense from the 'get go.

...and have ALL FAILED.

...over 5-8 YEARS.

...if the focus in on the next nonsensical fantasy theory, without regard to the 5-8 year realization average of ZERO.

doing the same thing over and over again and expecting different results"?

...comments in RED.

mufa Saturday, 10/07/17 09:48:02 AM
Re: bkshadow post# 490965
Post #
490971
of 490986 Go

I believe Az, was trying to point something different regarding WMMRC (not cash value) The reply was about all WMMRC valuation, not just cash.

bkshadow, If you focus on the smallest details, you never get the big picture right. Both can be easily understood by a reasonably prudent investor OSM.


1. P&A is completed ,so when will be available to public we ll see ; JPM final payment made to FDIC for WMB ( book value as of 2008 ) . Every single asset of WMB will be accounted/paid in the FINAL PAYMENT. So, the previous theory that JPM was going to PAY $24b (32-8) at "reconciliation, reconciliation, reconciliation," or by March 2017 "for the capital losses in the 5-year period (great DD support)? JPM GOT PAID $645M. Another 'whiff.

Can you provide a link with final P&A completed ?! No one can do it. So,we can't argue without looking into the final P&A completed. Final P&A completed is the masterpiece of WMB trasfer to JPM. JPM has reflected the impact on its financials in SEC filings. IT IS OF NO INTEREST TO ESCROWS WHAT JPM GOT, WHAT THE DB TRUST OWNERS OF MBW GOT, OR WHAT THE RECEIVERSHIP HAS LEFT - - - THERE IS NOTHING COMING FROM THEM, OR ANYONE ELSE, AT ALL; EVER.

2. WMI Interest loan portofoliu generated for 9 years. (++billion) WMI had NO INTEREST in any WMB loan portfolio.

Many years ago you said that the value of wamu was +65 billion . Maybe you were right back then. I'd stick by that. However, it came with the reality acknowledgment that IT IS GONE, we had representation, we LOST (save for interest in WMIH thanks to some heady retail shareholders)

Now ,you are saying wamu is gone, Said it was gone THEN. Failure to ACCEPT that it is gone is apparently the open item. and what is in the docs is what we get. What docs?! There is a Liquidating Trust that is responsible for wrapping up the affairs; they publish quarterly and annual court and SEC filings. Such should be referenced. $50-$75M AT BEST, MAS.The Final P&A completed is what mater (every single asset will be there and paid for value). The P&AA HAS NOTHING TO DO WITH WMI, WMIIC, WMILT, WMIT, ESCROWS, ET AL.

Bkshadow, just IMO,