Mr Cooper Group Inc (COOP)

[ron_66271]

Should WMIH Buy Some of These?

WMIH owns the "Equity Interests" in WMIIC, and WMIIC 'owns' Certs.

* "Equity Interests"; we are not talking about the Stock of WMIIC when referencing ABS/MBS Certs.

"Equity Interests" is the result of WMIIC owning 25% or more of the Tranche/Trust thru the purchases of Certs of that tranche/Trust. Owning the "Equity Interests" that can be used as collateral to make purchases. :)

For the FED to sell the Certs, first FDIC needs to free the Trusts from "Safe Harbor". All the litigation is resolved....

Borbash, Yes it Can

be related to us.

The FED bought these ABS/MBS bonds Certs when others wanted out because the monthly distributions was stopped due to FDIC "Safe Harbor". Many investors and Institutions need the monthly cash flow, and the sales of the bonds would drive bonds prices down. Therefore the FED bought the bonds to stabilize prices and be part of the accumulated future cash distribution as FDIC "Safe Harbor" closes now that all litigation is finalized.

Now with litigation finalized and FDIC "Safe Harbor" lifted, distribution can again start flow to ABS/MBS Cert holders. The FED is going to sell their ABS/MBS bond Certs into the market in ~October.

WMI/WMIIC is a ABS/MBS bond Cert holder, and you as an WMI investor are also a participant in the accumulated and future monthly cash Cert distributions held by WMI/WMIIC in which it participated in.

BIG HLCE,
Ron