Replies to post #675148 on Mr Cooper Group Inc fka COOP

[JB3136]

It's right there in black and white f^$c$#r!, stop lashing out because you are hearing things you don't want to hear!!

https://www.businessinsider.com/r-jpmorgan-builds-up-apartment-loan-leader-from-wamu-rubble-2015-7

In September 2008, JPMorgan Chase & Co executives sifted through the rubble of Washington Mutual, the failed home-loan bank that they had just won in a US government auction.

They found something unexpectedly good: about $30 billion of mortgages on apartment buildings, which earned strong returns whether the economy was performing well or not.

[QBert]

People keep forgetting the 1.8b was labeled "initial payment"

More to come at some point IMHO.

https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf

page 20

[dine1]

JB is not saying it is right, or a proper thing to do. He is just saying it happened. YES it is rotten, and thievery, but who is gonna make them do the right thing. It was wink wink found. JPM had no idea.

I know you can talk for yourself JB but I just felt like butting in.