Mr Cooper Group Inc (COOP)

[CBA09]

Ref: is it standard or common in these trusts that the originator keeps the residual interest certificates?

Comment:
While it is common for the originator to keep residual interest, their interest is small in comparison to that of the SPE# 1. At least from my experience.

Ref:- if that is the case, how much % of the trust initial value can be the value of the residual interest certificates?

Comment:
% of residual interest certificates varies from trust to trust. And profitability varies based on:

1) Performance of underling collateral - current vs delinquent vs
foreclosure,

2) Refinancing,

3) Prepayments, etc.

Ref:
- while reading the prospectus of some of the trusts, I found that the servicer retains around 0,40 - 0,50% as servicing fees depending on the PSA. I assume these quantities will remain with JPM that has been the servicer since 2008 or do you believe some of these fees could be kept in some account for the benefit of wmi lt?

Comment:
No benefit to WMI. Servicing fees belong to respective providers of service.