Mr Cooper Group Inc (COOP)

[mwd44]

hotmeat- I agree the MBS was sold to investors. I also believe that WMB was only the servicer. If my memory serves me right, I believe a sub of WMI packaged and sold the mortgages. As such, they were required by law to purchase a certain amount. WMI or their sub would be the beneficiary to those mortgages.

IMHO, WMB didn't hold any of the mortgages. I say this because of the Deutsche Bank Claim. Deutsche Bank filed a claim against the FDIC. The FDIC file a claim against JPMC saying they were liable. JPMC filed a counter claim stating the FDIC was liable. The court ruled in favor of JPMC. Since assets and liability are joined at the hip, one can assume no liability equal no asset.