Replies to post #531169 on Mr Cooper Group Inc (COOP)

[hotmeat]

I don't want to make a definitive statement on that just yet since i was totally wrong thinking that the Covered Bonds and WMB Notes were the same.

As Justice posted, the Covered Bonds and the supporting assets were assumed by JPM and they have been making payments to those investors.

At this point i do not believe JPM will be assuming the WMB Notes as they did with the Covered Bonds since it seems there were no assets associated with those bonds.

For now i suggest that you inquire of AZ to provide evidence of what assets backed those WMB Notes since he claims to own them...best of luck with that!!!

I will attempt to ferret out any info that could prove or disprove whether the WMB Notes were actually supported by loan assets and post my findings.