Replies to post #515950 on Mr Cooper Group Inc (COOP)

[jerrylev]

Problem is that we don't know what JPM got for 1.9B? We can say we should we would all day long and it is still a done deal, water under the bridge.

We need to go back and study the PAA to see what is included in the 1.9B? Some assets such as SH are off limit to JPM. And assets that WMI owns are also off limit to JPM. Off limit only means that JPM has to buy at fair value but I think that everything that JPM wants hae been sold. There are a number of risky subprime loans that JPM didn't want to buy. What was bad in 2008 may be good in 2018,

My guesstimate is that there are 50B of assets that JPM has to pay 5B to get it.