Mr Cooper Group Inc fka COOP

[hotmeat]

- Do all securitization revenue belong to WMI only or some to WMB also?

I believe as CBA also stated that the proceeds would be pledged to WMI as the parent and would be infused into it's subs as needed.

- Why is it so low and why does it change? I thought it is accumulative if it is interest unless it is a one time sale?

What I believe they are referring to is the overall profit made from the sale of the MBS's to investors, not benefits from retained interests.

- How much of those securitization assets remain for us as of today?

Only those directly involved would know but from WAMU's last 10Q in 2008, they held ~$24B-$27B in mortgage based investments.

- Are securitized assets same as Safe Harbor assets?

Yes once the assets is deemed to have been "sold" (transferred) to an SPE thus removing control of the asset from the originator ie WMB. In 2008 the standard for qualifying an asset for Safe Harbor was much less stringent so most securitized assets (loans) did qualify.