Replies to post #586801 on Mr Cooper Group Inc (COOP)

[Large Green]

BBANBOB, you must be talking out this 296 BILLION PIE CHART FROM the FDIC

FDIC TRULY states HUNDREDS of BILLIONS in WaMu Assets - Yes, HUNDREDS of BILLIONS


https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf

***Bottom of page 7***


'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF


These investment decisions that had to be made prior to 2/8/2012 in order to exchange a former WaMu EQUITY investment to receive NewCo/WMIH shares multiple times and also our BELOVED Escrow shares. The following are the simplified facts of the former WaMu investment vehicles.



Have I told you lately how much more I really love my Escrow ShareMarkers which continues to grow immensely every single day forward?

[LuckyPanda]

Bbanbob, I think you misunderstood me. I'm not saying the parent corp, WMI, or one of of its subs cannot participate in ownership of the MBS securities... but WMB, as the originating bank of the underlying loans cannot retain ownership in the securities. I've looked into this awhile back, and I believe securitisation rules prohibits the originating bank of the underlying loans from owning the securities. The originating bank (WMB) is only allowed servicing rights.

So any ownership of the securities must be under WMI or one of its subs. Not WMB. So if FDIC gifted these securities to JPM as part of WMB sale, they would be illegally gifting WMI assets.