Mr Cooper Group Inc (COOP)

[hotmeat]

That is correct...WMB and/or the Subs that securitized and sold the loans were not allowed to own those securities so that they could qualify as True Sales. However, Retained Interests in those securitizations were recorded on the company's books and as such those Interests were held by WMB and/or it's SPE subs (WMAAC, WMMSC etc). That's why JPM was able to acquire them, because it was held by WMB and it's direct subs.