Mr Cooper Group Inc fka COOP

[CBA09]

Hotmeal - Spot on!

Ref: Adjustment of 42B reduction from the 191B of Real Estate Mortgage.

I would give your analysis of the 42B adjustment a high likelihood of a unrecorded true securitized sale.

From doing call reports and auditing banks I have encounter many forms of ;impropriety. Impropriety such as transactions; not in compliance with GAAP, lacking in completeness, wrong accounts, amounts, dates or ones which have never been made.

Some discoveries have been very material. Often they are more prevalent when dealing with intercompany or complex accounting transactions.

Once again I believe you hit the nail on the head with this one. And, thus the reason for the true up to remove from the consolidation.