Replies to post #487801 on Mr Cooper Group Inc (COOP)

[hotmeat]

No....WAMU wasn't bailed out.

[ron_66271]

Borbash, Yes it Can

be related to us.

The FED bought these ABS/MBS bonds Certs when others wanted out because the monthly distributions was stopped due to FDIC "Safe Harbor". Many investors and Institutions need the monthly cash flow, and the sales of the bonds would drive bonds prices down. Therefore the FED bought the bonds to stabilize prices and be part of the accumulated future cash distribution as FDIC "Safe Harbor" closes now that all litigation is finalized.

Now with litigation finalized and FDIC "Safe Harbor" lifted, distribution can again start flow to ABS/MBS Cert holders. The FED is going to sell their ABS/MBS bond Certs into the market in ~October.

WMI/WMIIC is a ABS/MBS bond Cert holder, and you as an WMI investor are also a participant in the accumulated and future monthly cash Cert distributions held by WMI/WMIIC in which it participated in.

BIG HLCE,
Ron

Can this be related to us ? The Federal Reserve is set to take a leap into the unknown next week by beginning to sell some of the roughly $3.7 trillion of bonds and mortgage securities it amassed during the financial crisis.

The Fed will meet on Tuesday and Wednesday and is widely expected at the end of the meeting to announce it plans to allow the run-off of its massive balance sheet beginning sometime in October. Fed Chairwoman Janet Yellen will hold a press conference afterwards to explain the decision.

http://www.marketwatch.com/story/fed-to-take-historic-leap-into-the-unknown-2017-09-14