Mr Cooper Group Inc (COOP)

[CBA09]

Ref: Fact or fiction on required or not required to participate and %% please.

I say required so as to show good faith ya aint peddling junk

Comment:

While I know of no "regulation requirement" to participate I have never seen a PSA Provision that did not include the SPE # 1 not holding a % of certificates.

Specifically:

1) Residual Interest, vis a via, "Retained Assets."


2) Subordinate Class - Helps with the creditworthiness and alleviate realized losses. ( a so-called good faith offering )

Hope the above helps.