Mr Cooper Group Inc fka COOP

[TJ0512]

If there was a 25% requirement the banks participation would be recorded as an Asset on the Balance Sheet. If one is to believe WMI/WMB was truthful in listing their retained interests within their audited filings with the SEC, there is no way that is possible.

Why would there be a need to institute a 5% credit risk retention rule (section 941) in the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 if it was mandatory for a firm to retain 25% of MBS issuance's.


Dodd-frank link below

https://www.sec.gov/about/laws/wallstreetreform-cpa.pdf