Mr Cooper Group Inc (COOP)

[ItsMyOption]

RE: Why these ABS trust diminish in value.

Good morning AZ, to help everyone understand why these ABS diminish in value – let’s try this.

On every monthly mortgage payment one pays 3 payments, the #1 bank back to borrowed principal, #2 the investor of the loan back part of interest cost #3 the servicing company keeps about .25 - .50% as their mortgage servicing fee.

Now we take that 2nd payment for interest and it diminish each month as we pay our principal back. This is good as each month one pays off more principal and amount collected for interest diminish.

Now most of us believes that WMI retained or was an investor in each ABS trust – SO IMO someone has been collecting that interest and it would be considered Retained Earning.

AZ can you verify that is how it works and why these payment should diminish as they get paid off.