Mr Cooper Group Inc (COOP)

[LuckyPanda]

CBA09, wouldn't WMIIC as the depositor have control over the MBS trusts as to when to release the assets in safe harbor? If WMILT does not have control due to "bankruptcy remote", and FDIC-R do not have control due to "safe harbor", then who else could be in charge of the trusts release? I originally thought it was DB as trustee. Since DB just finished probate, I thought the assets should have been released by now.

Could they have been? Could the assets have already been released and are currently being worked through WMIH 1031 Exchange for merging with WMIH for the 3.5 billion shares stock for value exchange? And they we are simply waiting in a Sec mandated quite period?

Otherwise who else could have control over the MBS trusts in safe harbor? The only possible party left is FDIC-C. I'm afraid if they are the ones in control, we may have to wait until the last loan in the portfolio is paid off..could be another 10 years!!