Mr Cooper Group Inc (COOP)

[boarddork]

Tracking Marker ('escrow') dollars come from: whatever securitized trusts your tracking marker 'seeds', are planted in.


Each tracking marker seed, has its own pool of trusts to milk. Class 19 feeds off trusts 'ABC for example', and Class 22 feeds off 'DEFGHIJKLMNOPQRSTUVWXYZ',


There are 10 years since 2008 - and counting - of accumulated participation income in:

1) Interest income from monthly payments on mortgages/helocs/credit cards/leases/student loans/commercial loans, etc. You name it, whatever WMI securitized.

2) the principle such securitizations were based on (PLEDGED, not sold, in time limited securitization servitude). Principal becomes liquidated thru refinance, repayment, fire-sale foreclosure liquidation etc. This PILE of cash, has also been quietly aggregating since 2008.

3) compounding interest on 1) & 2) above since 2008 and going forward.



WMIH progress is the moving screen play, to simultaneously hide tracking marker repayment, imo. WMIH and the LT has no ability to take tracking marker incomes from you, and your markers are all set up between your brokers and DTC. When these trusts that owe our tracking markers money, are free of safe harbor restrictions, then money will flow to markers down these side channels without interference from WMIH or the LT - like a triple bypass is to a heart attack. The main (propaganda) vein is not needed nor part of the tracking marker equation.