Mr Cooper Group Inc (COOP)

[boarddork]

these spreadsheets dont detail who the trustee or servicer is. I've always assumed JPM with the loan file, had the ultimate responsibility to replace or 'put-back' performing loans in lieu of failing loans, when the trustee/servicer made the request while performing its legal obligations to protect the certificate holders income stream when mortgages fail to produce income while in foreclosure.

I tried to find the loan info through king county website, whereas I could then track the title history which would show who the trustee/servicer is/has been. As far as loan substitutions, that is a direct unviewable transaction between private Delaware trust and the the loan custodian - and I dont think it can be tracked on an individual loan basis.

But logically, JPM got the servicing rights to the Washington Mutual loan file. They are legally bound to substitute loans as requested by the trustee for the benefit of the certificate holders. Additionally, JPM had 10 years to cherry pick thru refinance, Washington Mutual loans into JPMChase loans - but if so, those monies are due. Refinance means JPM pays off the Washington Mutual loan. This is what contributes to liquidating the securitization trusts quicker. Liquidated Cash is due the certificate holders.