Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Good Morning John, No’ I Don’t Know The Shareholders Actual Cut’ of the Process … I’ve mostly Always’ been interested in “The Process” that Would provide for an Eventual Financial Return … ~

… the ol’ cactus approach was simple … acquire it all’ … (own every possible iron in the WaMu fire … these WaMu products were going to be much larger than a holding company’s filing for the 2 11’s and the reorganization)

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Let’s see …

WMI Packaged Commercial Lines were / are “Private Issues” and basically closed for review once filled … I was able to open a few and found their returning value level between $1 billion & $6 billion … Auto, Credit Card packaged issues were boring …

Mortgage Loan Packages were the most informative and very interesting in my opinion … ol’ cactus posted years ago direct monthly numbers on bp but no one cared at the time …

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Process … basically a Packaged Trust would place investors protection to be secured within the first 24 months of the MBS going full active … So the basic or initial investment was protected …

WMI would participate … Then WMI the Parent Holding Company would calculate a return to the common Shareholders due to the 90% Rules …

The Globic’ Litigation, “Settlement in Judge Collyers Dual Tracking Litigation” … was intriguing to say the least as that entire process detailed the worst of the worst … LongBeach” … and came up with an 11.9% loss ratio … BUT ! ! ! … it also verified WMI and WMB Note / Euro Bond Functioning Trusts by Cusip Number …

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I’ve always figured that my dd, studies and work product, were controversial to the bp controlled dialogues … and you know what happened without notice or warning a couple of days after Astock send me a note to keep up the good work … anyway that was years ago now …

Have a Nice Day

AZ