Mr Cooper Group Inc (COOP)

[lodas]

read WMIL-T frequently asked questions......in this report Rosen stated that the message boards were rife with speculations that WMI had safe Harbor assets...he staes , his words, not mine, that WMI had no safe harbor assets, as they were sold to GSE (government sponsored entities)....now, there may be oodles of MBS that did not pass Freddie and Fannie standards to buy, so they were sold to private investors...many of them that JPM got were put backs because they defaulted..remember when JPM was accused of ROBO signing?...those were the ones that were not sold to GSE, but private investors...another point.... the whole purpose of writing and securitizing MBS is to get rid of them, and convert them to cash,....not hold them until maturity...so read the remarks by Rosen... he states WMI held no safe Harbor assets...besides, WMI forfeited all their assets to JPM to get the GSA to come out of chapter 11, so it makes no difference anyway, who has them now.... WMI gave them up, thats why the stock was abandoned as worthless, and they got a NOL in return...Lodas