Mr Cooper Group Inc (COOP)

[ron_66271]

According to the FDIC;

“WMB Securitized $2 Trillion in RMBS of which $500 Billion was sold to government agencies like F&F.

Those RMBS where insured as required by the offering’s Prospectus by Derivative Contracts that have not been resolved as of yet.

This is why WaMu, Lehman’s, F&F Safe Harbor portfolios have not surfaced yet.

Just needs to resolve the LIBOR loss put backs.


That is why AAOC so aggressively wanted WaMu.



But we got it,
Ron