Replies to post #520150 on Mr Cooper Group Inc (COOP)

[jerrylev]

Re: The P&AA clearly stipulated that the FDIC was allowed to retain assets tied to Receivership claims.

So since we have no claim then the FDIC-R only retain enough to pay the claims, right? And so the rest of the sale proceed should go the WMILT, and the bulk of our money should come from the trust, correct? Let say if FDIC-R retain more that it needs and has to pay less then the remnant will go to us, but we are mainly paid by the trust.

[jerrylev]

HM, my memory is very bad. Can you remind me if the following entities used to be owned by WMI or WMB? Because it was owned by WMI and the FDIC needs to retain the sale proceed for escrow.

WaMu Capital Corp., Long Beach Securities Corp., and WaMu Asset Acceptance Corp.),
WaMu Capital Corp., Long Beach Securities Corp., and WaMu Acceptance Corp.