Mr Cooper Group Inc (COOP)

[edbk46]

mortgages
v
remic trust


the remic trusts of wamu to db etc
where a group of "derivative" securities
in a broad sense.

in the db trusts "remic" they did not take "title" to any individual
mortgage

why?

if one or several mortgages failed they were to be replace
with "up to date" or current mortgage "derivative" loans by the wamu

this prevent any loss from foreclosure of any principal

ie it would be wamu's problem to collect on principal plus interest

jpm was only the "service" made their profit on this 1+% of total value

these were not ginnie, fannie ,freddie syndicates where both principal and interest minus service fees

the principal of these loans imho is both wamu and wmb depending on the grouping

this is why db is proceeding with their legal action

both jpm and wamu are answering " You knew what you were doing. You are
astute investors, You pick the "remic way" You cannot now go back and claim principal"


there is no paper trial to my knowledge
of sale of mortgage principal ie claim motions etc


edbk46