Replies to post #511009 on Mr Cooper Group Inc (COOP)

[johnnykansas]

Thanks I have that - don't see any reference to $65B or anything close to that - could you please provide more details? See below.

In the context of resolving all claims asserted by the Trusts against JPMC and WMMSC, the Trustee and JPMC agreed to make a collective demand on the FDIC in the amount of $1.5 billion, which would be split $800 million to the Trustee and $700 million to JPMC. See Exhibit 24 (the “Negotiating Agreement”). The Trustee and JPMorgan further agreed that if it was necessary to negotiate a total payment below $1.5 billion, any such reductions would be borne at the rate of $2 by the Trustee and $1 by JPMC to a floor of $1.35 billion (at which floor the Trustee would receive $700 million and JPMC would receive $650 million).