Replies to post #741885 on Mr Cooper Group Inc fka COOP

[jhdf51]

I agree IF something comes back greater than 1-2.5 but the $350,000 per P is laughable imo.

JHD

[novascotiaSTS]

At the end of 2007 with WMB alive and operating its parent WMI had a market cap of 11.5B - before WMB was seized by the FDIC.

But the “conservative“ figure coming back to former WMI Escrow holders 17 years later is 1 Trillion minimum :-)

https://www.sec.gov/Archives/edgar/data/933136/000104746908006870/a2185889z10-ka.htm

[LuckyPanda]

In 2007 Wamu loan portfolio was generating $9B in yearly interest. Since JPM claimed that they didnt purchase the loans during the bank takeover, I presume this portfolio has been generating at least $100B in interest in remote bankruptcy over the last 17 years. The question is will we ever see it since there are no court acknowledgement of our equity having any interest in the assets held in remote bk. It may be another 10 years before FDIC closes the wamu receivership. There is no one twisting its arms to close this down. By that time, most of those involved in the orginal bk court case may be dead...including Judge Walrath....and I doubt the anyone at the US Trustee is keeping an eye on this.

[MadBadger]

Bbanbob, $1.7 Trillion is not that far from the $1.5 Trillion on Mr Cooper Group’s Books and now $2.1 Trillion Dollars with Rocket Companies and Rocket Mortgage Combined.

[MadBadger]

Bbanbob, Jay just stated that Mr.Cooper has 1.7 Trillion Dollars in Mortgages. That’s the same and Original number of Washington Mutual.
Things that make you say Hmmmmmmmmm!!!!