Replies to post #480838 on Mr Cooper Group Inc (COOP)

[intuitive3]

AZ, thanks. Amazing analysis! Obviously, it's complicated to compute/understand for me anyway. We will just have to see exactly what a uq is worth in the end. I can be patient.

[Royal Dude]

Wow that would be approximately $82 a share of released value. A=L+OE in Assets in 2008 was 100 bil

[wayne49]

What? Can wmih shares share in this or is it for the escrow stuff?

If wmih can share in this, why is it tanking?

Thanks man!

[johnnykansas]

Hi AZ - would you mind letting me know where the 25% Minimum Participation rate came from? Do you have a link?

[sharing4u]

AZCowboy and others,

Could you elaborate more on "participation value" of the mentioned trust?
I am confused after reading your post.

As far as I understand "participation" in the prospectus is to describe the investors who buy the rmbs and participate in this investment tool to earn steady income. They do not own the mortgage.

The mortgage is under the structure using Trust A and Trust B (depositor and guarantor) classified as SPE under legal isolation to protect against
creditors in case there is a bankruptcy filing and protect the investors of the security.

So all in all WMI families are still owning thousands and thousands of mortgages. The residue value of WMI estate should be much more than the participation value of 25%.

Please correct me for learning purpose.