Mr Cooper Group Inc (COOP)

[boarddork]

from google: SPE versus VIE. Mr Cooper Group uses GAAP if I'm not mistaken.

"SPE is a special purpose entity…under GAAP, if the SPE meets certain criteria (given below) then it is supposed to be consolidated (as opposed to before (pre-Enron) when SPEs were off balance sheet items) and the SPE is called a VIE if it would be consolidated.

VIE - co’s equity isn't enough to finance the co…OR…the investors/share holders dont make any decisions OR dont bear the risk OR dont recieve any capital gain…

ok now lets move on to IFRS (International Financial Reporting Standards)…IFRS still calls an SPE an SPE, if it meets the criteria for consolidation or not…and the criteria is - the parent gets the benefits from the SPE, parent makes the decisions, parent absorbs the risk as well as the reward and parent has residual interest in the SPE…

so its just a difference in the name as i said in their definitions… practically the same thing, and yet they’re not…"




So WMIH, now call Mr Cooper Group, says it has VIE investments on or off balance sheet. So, since we as shareholders don't make the decisions for the VIE investment trusts......because the appointed Trustees do for these various VIEs........kinda makes it sound like we are ALL still waiting on these independant 3rd party trustees under certain legal and fiduciary duties to disperse when appropriate.

Some technicality is still holding things up at the various VIE trustees, IMHO. Maybe its waiting on the WMILT last official breath for BK to really be over, over... Maybe its AG scotus appeal window period...Maybe its?