Mr Cooper Group Inc (COOP): Every LIBOR Settlement is Good For Us....

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Mr Cooper Group Inc (COOP)

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Re: WingedOne post# 726897

Saturday, 04/27/2024 2:24:31 PM

Saturday, April 27, 2024 2:24:31 PM

Every LIBOR Settlement is Good For Us.

Us is WMI, Lehman’s and F&F.

We are all included in the Derivative Market correction process of LIBOR (CDS/CMO…).

Our ABS(MBS/RMBS…bonds) were insured by the CDS…
WMI, Lehman’s and F&F all reinvested in their bond offerings.
Required to hold 15% minimum of their offerings.
Many Hedge Funds are invested in the same bonds we are.

Here is a great post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174314875

Ron

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