Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

Dunn & Phelps #2

Dear Mr. (Redacted),

I think I understand your question. Parties that sponsor RMBS securitizations often do retain some interest in the securitizations, usually in the form of a “residual” or other subordinated interest that is junior in its right to payment to other classes of securities. I suspect that what you are reading in a prospectus is a disclosure of that kind of an arrangement.

I do not know whether Washington Mutual related entities ultimately retained the interests you are describing, or what may have happened to their ownership in the wake of the WMI bankruptcy or the receivership of Washington Mutual Bank.

Also, our firm’s client, which is the trustee for RMBS securitizations, cannot furnish third parties with any information about ownership of the securities in the deals it administers (if the bank has such information) because that information is considered private information of the securities holders (just like your bank or broker can’t tell other people what you own without following specific legal procedures).

Unfortunately, again, I must refer you to the WMI Liquidating Trust for any information about whether that trust ended up owning any of the kinds of interests you are researching. I do not have further information about that subject.

Good luck.

Sincerely,

Jen

______________________________________________
Jennifer Press
Managing Director, Complex Asset Solutions

I will update on others as they come in ....I am trying hard.. maybe my mojo is off a bit lately ..lmao

Regards,
B