Replies to post #594392 on Mr Cooper Group Inc (COOP)

[dm57]

And that any value - which would have still be languishing - was given to coop years later - please explain

[lodas]

Windfall.......humbly, I don't think so.....but thats not Bible from my mouth....what I do think is this... in my previous post a while ago, I stated, that J Bray boarded 65 billion dollars in new mortgage servicing...its on the record.. not my words, its in the 8k filing by the company during an earnings call some time ago... my question is?.. where did he get these assets from, and how did he pay for them...? what I think, and this is My opinion only, he got them from the Wmilt, for as you know, the Wmilt is the successor in interest for WMIH...the WMILT was set up by WMIH to administer the chapter 11 and A/M are hired as restructuring agents, and paid to do the bookwork while the bk closes...how else could J Bray book 65 billion dollars in new mortgage servicing without the cash to buy these assets..?... coop already owned them, they were sitting in the Wmilt...it wasn't JPM using these assets as we supposed, it was Coop, which is a sub a Wmih, who already owned these assets.. it clearly states on the POR, pg 165, that WMIH held title to all assets...thats where J Bray got the 65 billion in servicing rights.. they were sitting in the Wmilt...we will never know, because the Wmilt is not bound to give details of what they do...Now, let me qualify this post.. it is my opinion only, and has no basis in fact except for pg. 165 of the POR, which states WMIH has title to all assets... Lodas