Replies to post #651908 on Mr Cooper Group Inc (COOP)

[Planet Paprika]

Dmceng4
you wrote :
"I am sure they OWNED thousands of properties."

yes. please read this quote I found and posted here a few times :

"The WMB FDIC JPM - P&A was a completely UNIQUE deal.
It had several unique provisions that have NEVER been seen in a previous P&A, and some of them have NEVER BEEN SEEN AGAIN since."
FDIC Lee Van Fleet further testified :
"Article 2 was completely different than any other we have done before or since."

Wigand Deposition : " The WaMu transaction "was unique in that it was
different from standard transactions in which ONLY IDENTIFIED liabilities and identified assets pass to the acquirer."

Nonetheless, Messrs. Van Fleet and Gearin began with the FDIC's pre-existing template for a whole-bank purchase and assumption agreement, which had originally been approved in the 1990s by an FDIC attorney was required for all transactions and

AMENDED the template in VARIOUS ways for the WaMu receivership transaction.
Ex. 901 at 6-7. The template included pre-existing definitions
for "Record" and "Accounting Records".....

My opinion: hence the scrivener error, which is otherwise
ALWAYS a mandatory part of a purchase agreement.....

[SamuraiProgrammer]

I agree. Now it is time for those values to find their way into our accounts! :)

Thanks!