Mr Cooper Group Inc fka COOP

[hotmeat]

As you stated, WMI owns it's assets and legal title to assets of it's Subs, whether they are bankruptcy or Safe Harbor.

Ques: Would the WMILT, as the successor in interest of WMI be responsible for the accumulation and disposition of Safe Harbor assets to our Escrows once they are returned?




Quote..."Since our Safe Harbor Assets are outside the bankruptcy estate, those captured within SPE/Trusts will follow each respective Pooling & Service Agreement (PSA) provisions. Generally, it's Parent that receives cash flows of residuals."

Ques: Would the provisions in these PSA's re Safe Harbor assets be affected at all by.....

(i) WMI, as the sole beneficiary of Estate assets, no longer being in existence and now represented by the WMILT..ie is the transfer of those rights to the LT automatic.

(ii) WMIH not being in existence at the time of the PSA being consummated even while now owning 100% of WMIIC's Equity.


As always your input will be appreciated.