Mr Cooper Group Inc fka COOP

[CBA09]

Ref: Is there a time limit for disclosure of what's in safe harbor?

Does FDIC have any fiduciary duty to disclose final accounting of all assets in safe harbor? If so, is there a time limit?

Comment:

We are talking Off-Balance Sheet Assets - FDIC has not seized MBS in SPE's/ Trusts assets. They have no control or standing with such assets. The pooling & service agreements govern the disposition of all "Retained Assets" respectively within each Trust. Here - "WMI" in its sole capacity as Parent will the final recipient. That is why those in the know wanted "IT ALL" for themselves.

Off-Balance Sheet Assets are those sold and the only requirement of WMB was to reflect the following:

As of each Balance Sheet Date. - Monthly

1) Remaining Principal Balance of those sold assets as Off-Balance Sheet.

2) Risk Obligations such as Recourse Liability.

3) Trigger Events that might accelerated / increase obligations.

4) Description of Trigger events, etc.

Also in 8-k of the Risk Section such estimated obligations would be disclosed.