Mr Cooper Group Inc fka COOP

[ron_66271]

People Forget; ABS/MBS are Asset Backed Securities.

Real debt paying off their debt obligations.
Hence; Cash flow to the securities holders.

The loss ratio was 11.9% regarding the WaMu - DB as Trustee in the California case rulings. The Ground Floor for all future cases.

The ABS/MBS investments didn’t go to Zero, and the Derivative Contracts are required to cover all of the losses.
LIBOR Currency manipulation mudded the water and litigation is on going.


Most of the F&F JPS/SPS are Asset Backed Securities just like WMI Preferred. The only exception is the TPS (Retained Earnings).

Therefore they pay the investors for the Performance Payments accumulation of payments.

The same is true for countless other debt based securities. WMB Notes Covered, CEF, …

Same for WMI-WaMu, Lehman’s, and F&F.


The interest payments died with the Conservership/BK.

The Performance Payment accumulation is the Preferred’s property.

~2.2X Face.

Not the Common Shares issue.

We are just being held hostage by a legal entity.


Please don’t post ‘new articles from 2008 or later because they are telling us a lie.


Just study the Community Reinvestment Act…

Yes we have been lied to by TBTF by the news media.

Some government agencies are sitting on my money and I don’t like it!!!!



Ron