Mr Cooper Group Inc fka COOP

[ron_66271]

The Preferred Shares are Backed by ABS Trusts.

That is their property.
The Preferred’s satisfy their own claims through the cash generated from their own trusts.
TPS is the exception. The Retained Earnings of the February MOR is the proof.

The trust losses from the DB Litigation was 11.9%, those losses were covered by Derivative Insurance Contracts, or need to be covered.
Hence; the LIBOR Litigation.

Therefore; no loss to the investor.



The WMI commons owns the WMI estates assets.

• Payment for ‘WMB and its Assets’.
• 25% of the Retained Earnings.
• $35-40 Billion in non-debtor assets.
• Other assets.



Ron