Mr Cooper Group Inc (COOP)

[hotmeat]

Quote: "The REIT Preferred Series of TPS, P, and K shares are supported by the Cayman Trusts. The Trust are still performing and even received fresh 2018 Mortgages from JPM as put-backs. Hence; the DC Dual Track and CA Probate."

More proof you don't read and/or understand. Only the TPS were supported by the Cayman Trusts but those underwent the "Exchange Event" and all the assets went to JPM as per the POR. The investors in the TPS had their interests converted into WMI stock equivalent to the PQ and KQ which were called Reits. PQ and KQ stock were NEVER backed by any Trusts, that is false and their Prospectus's clearly confirm that. Even worse is the claim that Commons were also never backed by any Trusts, that is utter bs. Good grief!!!