Replies to post #498391 on Mr Cooper Group Inc (COOP)

[Dmdmd2020]

iPerelude,

Thanks for the links to the pertinent filings and rulings.

IMO...the true sales of any mortgages in MBS Trusts are bankruptcy remote and are not subordinate to any BK proceedings.

[Olti100]

https://www.courtlistener.com/opinion/2187817/in-re-washington-mut-inc/


[4] WaMu Asset Acceptance is an affiliate of the Debtors pursuant to the definition in section 101(2)(B) of the Bankruptcy Code as a "corporation 20 percent or more of whose outstanding voting securities are directly or indirectly owned . . . by the debtor." 11 U.S.C. § 101(2)(B).

And if the WAMU Asset Acceptance is an affiliate of the debtors" mean and applies that other WMB Subs and are the Affiliates of the Debtors too.Lovelly.Thanks for the DD Prelude.