Mr Cooper Group Inc (COOP)

[Large Green]

Mwd44, you said the following which is EXACTLY CORRECT explanation of our Safe Harbor, BK Remote asset case


Rosen is speaking in "legalese" when he says WMI has no safe harbor assets. Which is true from a legal standpoint.

The safe harbor assets are in a trust. When WMI placed these assets in the Trust, they turned over ownership to the Trustee and WMI became a benefciary of the trust.

Since WMI no loger "owns" the assets, it can be legally said that WMI doesn't have any safe harbor assets. The safe harbor portion of said assets are the "beneficiary interests" which WMI does have.





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