Mr Cooper Group Inc fka COOP

[diamondguru-one]

I GUESS its just "WHEN" !!!!

IMO...conclusions as of December 08, 2018:

1) WMI owns 100% equity of WMIIC, not the assets of WMIIC. Thus WMILT/WMI Escrow Marker Holders owns 100% equity of WMIIC, not the assets of WMIIC.

2) WMIIC did declare assets

3) upon dissolution, WMIIC owned no assets.

So, why is this so important?

IMO...WMIIC was or it became a Special Purpose Vehicle/ Special Purpose Entity (SPV/SPE)

The following is a description of what a SPV/SPE actually is, and how it is required in securitizations of assets.

The following are cited from “Securitization: The Financial Instrument of the Furure” by Vinod Kothari (2nd edition 2006).