Replies to post #599244 on Mr Cooper Group Inc (COOP)

[ron_66271]

dimples52, The $1.88B is;

One Percent (1%) of the of WMB's deposit base of $188B which was transferred to JPM as agreed to in the PAA between FDIC and JPM.

Yes the 1.88B was merely an administrative fee/down-payment.

From your own post.

"Under the deal, JPMorgan Chase will acquire all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits."

Yes, WMI sued for $307B.

[Countyroads]

pretty clear....doesnt say it was a deposit, doesn't say anything about paying book value. All the hype and speculation here sounds right and it makes sense, logically, Escrow should have a big recovery......but the fact is there is zero documented proof that there will be more money coming to legacy share holders from JPM, FDIC, Safe Harbor, Trusts or any other entity. In fact, the documented proof says there is nothing else. I've been lurking on this board for years with only an occasional post here and there, but reading almost all of them. I've wanted so bad to believe everyone and that my investment in WAMU would payoff eventually. And now here we are, supposedly so close to the end and I am now convinced it's all been a waste of time. I guess I'll hold on to Coop with the hope that it will one day be worth a poop. Hope I'm wrong.

[MadBadger]

That’s the narrative but, read the early filings. 1.888 Billion is Registration Fee.

[PickStocks]

This is the FDIC statement that everything was settled including the book value of the assets in the PA&A for 1.89 billion. PA&A was settled in 2012. There is no accounting to validate that there was any other value beyond that. FDIC will use the settle date of March 2012. Than start destruction of any records.