Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

SPV Special Purpose Vehicle

It is my contenten that there is a lot more companies and entities to come in to play.

Further upside could be provided by additional deals made by WMIH, an acquisition SPV sponsored by KKR.

BREAKING DOWN 'Special Purpose Vehicle/Entity - SPV/SPE'

SPVs/SPEs may be formed through limited partnerships, trusts, corporations, limited liability corporations or other entities. An SPV/SPE may be designed for independent ownership, management and funding of a company; as protection of a project from operational or insolvency issues; or for creating a synthetic lease that is expensed on the company’s income statement rather than recorded as a liability on the balance sheet. They help companies securitize assets, create joint ventures, isolate corporate assets or perform other financial transactions.
Off-Balance-Sheet SPV/SPE

An off-balance-sheet SPV/SPE documents its assets, liabilities and equity on its own balance sheet rather than on the parent company’s balance sheet as equity or debt. The parent company typically prefers this arrangement due to improved management of assets and liabilities, lower risks, higher credit ratings, lower funding costs, greater financial flexibility and lower capital requirements.

More than meets the eye.
Regards,
B