Mr Cooper Group Inc (COOP)

[boarddork]

Read up on why safe harbor exists and the need for legal isolation of assets in BK and Receivership - and why these assets need to be preserved (ice cubes) for the original investor(s) who purchased participation slips.


safe harbor = legal isolation = off balance sheet treatment = invisible to bankruptcy courts and creditors and FDIC receiver creditors


Remove all threats to investors protected under the umbrella of 'safe harbor' over securitization principle and interest, (like the GLOBIC/DB/FDIC/JPM Settlement Agreement) and then the legal isolation and safe harbor protections will no longer be neccessary.

They could actually be dissipating (or dissipated) now. An analysis of the Trustee's like DB, Bank of America, LaSalle, or USBANK... who manage these trusts legally isolated since Sept 2008, would answer those questions.

There is an eventual end to safe harbor, and the litigation that initially triggered it. Once melted, investor participation income can be passed thru to each investor participant based on their individual tracking marker holdings as shown by their brokerage.