Mr Cooper Group Inc (COOP)

[hotmeat]

What I find most interesting is how assets are readily quoted while completely ignoring the obvious liabilities.

A basic reading of any comprehensive study about Retained Interests would show that they are reported on the balance sheet under assets.

This was proven in WAMU's last issued Form 10Q when they IMO are reported as Available For Sale Securities.

The idea that there are $100's of Billions in assets owed to WMI is just not supported or credible.

Another issue up for debate is whether WMI receives all or a portion of the cash returns from the Retained Assets that were held by WMB's SPE's.

It very well may be that the WMILT may only be entitled to a percentage of that $40B, only after FDIC claims are paid in full.

JPM could also possibly benefit by virtue of their purchase of WMB, the direct parent of the SPE's that retained and held those Participating Interests.




Retained Interests in Securitizations (1)


Retained Interests in Securitizations (2)