Mr Cooper Group Inc fka COOP

[jerrylev]

Re: 2) I’m going to use the lower value of $692 billion securitized from 2000-2008 (per the 2010 congressional subcommittee hearing) instead of $1.616 trillion total securitizations since inception of MBS Trusts

Questions for you.

1) Loans come and go, i.e. they are getting refinanced or paid off. And then continuing on to 2018, the number is further diminished. Banks usually write new loans to replace old loans that expire and WAMU cease to operate in 2008.

2) How did you get the amount of securitizations? Is it detailed in the congressional hearing? Because in a different testimonial, a WAMU VP described the criteria that WAMU used to select which loans are securitized. I like to use a low number of 5%.