Mr Cooper Group Inc (COOP)

[AZCowboy]

~ JohnnyKansas and NiceSeaShell, Your Questions ~

Guys, I'm not here all of the time so I always appreciate everyone's patience. I will do my best to respond ... without arguing'

First; Yesterday after I was asked ? ... I was only discussing some of my own speculation regarding some conservative considerations, simply applying what Deutsche Bank revealed publically' along with some additional DD'

... The truth is, I have reviewed well over 300 "WaMu" Pooling and Servicing agreements, associated with Residential (RMBS) Trusts, that "WaMu" is still' participant within' ... Now, to the direct question you asked ? ...

Yes, ... well beyond an RMBS', a Residential Cert Trust, ... There are also "Commercial Lines" ... "Private Offerings" ... "Term Sheet Offerings" ... etc, etc' ...

Basically, what I actually consider is a disciplined focus on the actual BK' Filings' and the result' ... Most Important is the Original Filing of the WMI' Action in March of 2009' ... which lead to the Settlement between WMI and the FDIC with JPMC as a third party after the comma, ... (JPMC was the FDIC's choice) ...

then I separate the WMB Noteholder Action, and the WMI' Preferred Offerings ... and sit back for the obvious to happen' ... "WaMu" was literally massive and YOU (and me) were never supposed to still be here' ... Remember' ... WMIIC and WMI Filed' for BK and reorganized' ... NOT' the Trusts that they' participated in ...

Second; ... as mentioned yesterday, the 25% participation within a Trusts base value at its initial offering, ... allows for the 25% participant to request an "equity certificate" from the Trustee of the ABS-Cert' ... which can then be utilized as hard debt collateral' ... for additional future participations' ... and so on, and so on, and so on'

its an investment cycle' described in a Certs Prospectus' ... remember what S. Landefeld said, ... "WMIIC holds 100% of WMI's Equity Interest" ... then, one can refer to what a Cert says that an Equity Interest actually is', as Landefeld' referred to' ...

An equity interest is defined under the Regulation as an interest other than an instrument that is treated as indebtedness under applicable local law.

... So basically, an "Equity Interest" is an assignment of Hard and True' Actual Asset Cash Value' ... This ? is what was secured within WMI Investment Corp., ... Which, as we know, Filed for BK Protection' First' ... at 10:15pm on 09/26/2008 ... all of WaMu's participation within all of the Trusts that "WaMu" had participated in' ...

I no longer want to fuel all of the misunderstandings and misrepresentations, ... word twists, etc ...

So, there are hundreds of WaMu Certs listed on the SEC site, along with each individual offerings assigned, ... Prospectus' ... everything is listed there' as to the mechanics of how these powerful investment vehicles function' ...

AZ