Mr Cooper Group Inc fka COOP

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AZ, A good post by GoldCanyon on BP. Thoughts ?

WMI would have had to disclose it's DST interest in bankruptcy as an asset if it owned the trusts. WMI gave up all interests in the trusts when they went off balance sheet. They own nothing and WMILT owned nothing. In order to have a "true sale" and be bankruptcy remote, WMI could not own any part of the off balance sheet assets. But the WMI investors separate and remote from WMI can own the DST interests and be beneficiaries as a separate group.