Mr Cooper Group Inc (COOP)

[Dmdmd2020]

Bob.....absolutely correct.

IMO...the most important things to remember:

1). As interest rates decrease, MBS Trust (bankruptcy remote) profits increase!

2). From 2000-2008, WMI subsidiaries securitized $692 billion in loans

3). WMI retains up to 25% of all MBS Trusts in lieu of Equity Tranches/Equity interests

4). Interest rates were at all time lows during the 2008 recession

5). Therefore MBS Trust profits are at all time highs during the 2008 recession.

6). WMI has rightful ownership of the MBS Trust profits, not WMIH.

7). Escrow Marker Holders benefit from the all time highs of MBS Trust profits.