Replies to post #531026 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Hotmeat
As you know WE DON"T KNOW, but I would think any here has to believe we had some small part

You too I am sure believe this as well "we had SOME small part!!!"


THe numbers I showed were to say the least EXTREMELY CONSERVATIVE!!!

I don't you don't nobody KNOWS, but one can look at the one doc from DB that showed for WMB/WMI 64 bill.

Now this DID NOT include what was or is at NSM nor PHH nor the other 3 servicers NOT what was being serviced by FDIC, did it???????

Don't care to argue nor debate just stating the fact, we have 3 court registry accts the court ordered JPM to take their cut of those loans being serviced and the owed funds be deposited.

SO FOR ME yeppers there be money sitting around waiting to come home


Then the comment substantially all was sold HMMMMMMMMMMMM

[diamondguru-one]

ONLY "3%" were "BAD LOANS" there !!!!FACT !!!

[jerrylev]

Safe Harbor or not. the FDIC had the authority to retain any WAMU assets to exclude from the 1.9B initial sale to JPM. It needs to retain sufficient assets to cover the payment to the bondholders and possibly other claims it is obligated to pay. So if the FDIC didn't retain enough assets in 2008 then it is a big problem. On the flip side if they have retained sufficiently then why don't they just pay off the bondholders a long time ago? The trusts that backed the bonds are well known and it is not like the remaining WAMU assets. DB was forced to settle for a fraction of what they asked for although I am not sure if they are actually paid yet. Why? Did they ask more than they are owed or is there not sufficient money to pay them?

POR 7 clearly said that tranche 6 cannot be paid until tranche 5 and above are paid. And so if tranche 5 is not paid yet then we cannot expect tranche 6 to be paid no matter if it is SH assets or WMI assets or...