Mr Cooper Group Inc (COOP)

[hotmeat]

The MBS Trusts that backed the $13.8B WMB Bonds are either with the FDIC or JPM. Either way those are covered imo, so essentially only the $2.4B DB claim remains outstanding. Those Trusts as far as I've read did not have a TPS type clause where the assets could be stripped from investors upon insolvency. If that's the case then those Bonds will have to be made whole using the pledged Trusts assets.