Mr Cooper Group Inc (COOP)

[boarddork]

The third merger with AO (Ahmunson Obligation) is proof of MBS existence for legacy WMI.

What has really grabbed my attention today, is the third merger down listed is AOC LLC. Ahmundson Obligation. Remember where we last saw something resembling AOC? I do.....

AOC - The mysterious Investor Code on thousands of investor certs.. Also discussed by Bill Paatalo the BP investigative attorney/writer when he wrote something like "Who is Private Investor AO1, JPM refuses to answer". http://bpinvestigativeagency.com/who-is-private-investor-ao1-jpmorgan-chase-refuses-to-reveal-the-identity-of-this-investor/

Certs are in tranches.

AO1 = Ahmunson Obligation tranche 1
AO2, and so on and so forth.


Background: Remember, MBSecurities are backed by Mortgages Held In Portfolio that are lent out to unwrite multiple MBS tranches. When a loan is liquidated, for example paid off, one of WMI's subs like Ahmunson Obligation provides a Reconveyance to release DOT lien against the property back to the homeowner free and clear - and then Ahmuson Obligation must replace the liquidated loan with another from the Held In Portfolio basket, to fulfill its obligations to the Trustee managing the MBS trusts.

Here is a copy of an Ahmuson Obligation reconveyance http://www.pottco.org/deed_pdf/104/2/0/9/104-20983.pdf