Mr Cooper Group Inc (COOP)

[hotmeat]

Safe Harbor is not a bankruptcy exempt process as some have claimed since assets of non bankruptcy remote entities also qualify for protection.

This means that Participating or Beneficial Interests (assets) owned by WMI that were possibly ""sold"" to WMIIC also qualified for SH protection.

That would also mean any such SH assets could be distributed by the WMILT to our "Markers" via the issuance of LTI's since those assets are controlled by the LT.

This is why, IMO, LT Assets were deemed to be ALL assets of the Debtors (WMI + WMIIC) and as such only "certain" assets were transferred to the LT on the ED.

Meaning, any Debtor owned interests in assets being held in Legal Isolation by Safe Harbor can be returned, once all current impediments to liquidation are resolved.