Mr Cooper Group Inc (COOP)

[boarddork]

Post Bankruptcy and non-LT assets after March 2012, are anything and everything protected by lawful Safe Harbor whose requirements of Legal Isolation and Off Balance Sheet Treatment, are designed to protect these cash and assets from bankruptcy creditors and FDIC receivership, for the benefit of the surviving estate owners.

This is everything in..securitization.. such as mortgage principle, mortgage interest, mortgage investor participation, mortgage principle liquidations from refinance/repayment/foreclosure..... The whole shebang is cleaved from the bankruptcy and receivership as if it never existed......but only temporarily until the veil of safe harbor protection is finally removed.

And what feeds these post March 2012, post bankruptcy cash and assets? It's not just coming from one place... and not just from one managing trustee....

Per the 2013 Dept. of Justice Settlement Agreement (1 of 2 Settlement Agreements) with JPM, JPM.....DID NOT.....become successor in interest to Washington Mutual Bank, WAAC, WMMSC, or Long Beach.

Securitization principle, interest, investor participation slips, liquidations, etc. originally generated by WMB, WAAC, WMMSC, and Long Beach, (trustee managed by DB, USBank, LaSalle, BofA, etc.) were those assets that "could be pursued later" by the surviving estate once safe harbor protections were no longer needed or required. The surviving estate cash/assets of WMI/WMIIC POST -March 2012, is absolutely different than cash/assets of the surviving estate PRE-March 2012