Mr Cooper Group Inc (COOP)

[hotmeat]

Demonstration of Legal Isolation - Legal True Sale vs. FDIC Receiversbip Opinion


""The transferred financial assets have been "isolated" from the transferor (wmi,now the wmilt) -put presumptively beyond the reach of the transferor and its creditors, (self explanatory) even in bankruptcy or other receivership (FDICR). Transferred financial assets are isolated in bankruptcy or other receivership only if the available evidence provides reasonable assurance that the transferred financial assets would be "beyond the reach of the powers of a bankruptcy trustee" (sound familiar ?) or other receiver for the transferor or any consolidated affiliate of the transferor that is not a special-purpose corporation (WMIIC ?) or other entity designed to make remote the possibility that it would enter bankruptcy or other receivership (bankruptcy-remote entity).""


What could any party report to a caller or to the public??? Any assets "hidden" are legally beyond the reach of everyone until the process to return them to the estate is completed as clearly indicated above.
My comments are in blue for clarity.....