Mr Cooper Group Inc (COOP)

[ron_66271]

The Community Reinvestment Act…

required the banks to make loans to unqualified applicants.

Thanks JC and BO.

Banks like WaMu recognize the risk and helped create the ABS/RMBS market.

Now the Banks like WaMu loan risk portfolio is even lower because now the losses are covered by the insurance policies of the Derivative insurance contracts.

Therefore;
No losses to the loan holders (ABS/RMBS).



Ron