Replies to post #622400 on Mr Cooper Group Inc (COOP)

[austin01]

Large Green, so do you feel WaMu's 299 B in assets is at the FDIC?

[mwd44]

You are right about that! In my opinion, they won't get those releases until JPMC pays for WMB's assets. Which I calculate to be approximately 64B. Here's the breakdown.

Commercial Real Estate: 30B
Tax Returns: 6B
TPS 4B
WMI Loan to WMB (creditor Claim against FDIC): 24B

Total: 64B

Chase has the liability for the creditor's claim against the FDIC because they received the benefits of the loan.

[jhdf51]

What might the timing be on that?

JHD

[PickStocks]

Well kosturos, Logan and Smith are long gone. Waiting on that signature could be forever