Replies to post #690323 on Mr Cooper Group Inc (COOP)

[newflow]

It wanted to protect the assets under ch11.Why there were 4 equity members on trust advisory board if there was no stake for equity?. Common sense?.

[wowalters]

"Please step back and answer this question."

Did the FDIC take WMB and give it to JPM?

[LuckyPanda]

The $86B is what the loan portfolio is worth in runoff. The Wamu loan portfolio was generating $8.5B in interest profit per year according to their last 10k.

Wamu declared bankruptcy to protect the portfolio interest when the bank was taken over. All these bankruptcy plans are contingency plans in place in case of FDIC takeover.. The Wamu attorneys have had these plans in place as they should for just in case.

I have no doubt that the loan portfolio could have generated $86B in interest over the last 14 years.

I'm also 100% certain JPM didnt take it as they clearly stated that none of the loan portfolio interest got transferred in the sale. only the bank was sold

My only concern now is have the hedge fund found a way to access those accrued interest in remote bankruptcy without us retail participation.