Mr Cooper Group Inc fka COOP

[hotmeat]

"the FDIC in 2010 renewed and made retroactive all provisions of "safe harbor and legal isolation" of mortgage assets"

At a meeting held on Nov.15th, 2009, interim amendments were adopted to the Securitization Rule that would protect qualified assets placed in "safe harbor" prior to the effective date of pending rule changes (March 31st 2010). The FDIC enacted these amendments partly due to the ominous warning from a ratings agency, such that all qualified assets that were in "safe harbor" prior to the effective date of the new rules, would remain protected and these new guidelines would only apply to assets seeking "safe harbor" protection post March 31st, 2010 (The Sample Rule).