Mr Cooper Group Inc (COOP)

[Donotunderstand]

If however WMB "transfers" those same loans along with 1000's of others to SPE's which then securitizes them and places them into Trusts,

would you agree one could say ---

if however WMB SOLD those loans to a trust that paid cash for them (and indeed WMB may have sold loans and/or PLMBS paper to the trusts) ---

the key is that a time of bankruptcy WMB owned the CASH (from the transfers - sales) and the trusts were the owners of the loans and/or the PLMBS written on them .... and if these were typical such trusts - the eventual down the road owners were preferred share holders holding preferred shares in the TRUST (not anything starting with a W ) .... and WMI had some interest as an owner in part of such trusts

(either the deals included a 5% or 10% off the top free ownership to the parent company - or WaMu purchased shares)