Replies to post #498578 on Mr Cooper Group Inc fka COOP

[Dmdmd2020]

The previous post#498578 tabulates a list of WMI subsidiary created MBS Trusts from 2004 to 2007.

It includes the various trustees (DB, Citi, US Bank, BOA, etc).

This is not the complete list of MBS Trusts created, so if anyone can add to the lists please feel free to do so.

I am going to try to compile the whole list in a spreadsheet, later in the week. Thanks I’m advance.

[Dmdmd2020]

ABS = Asset Backed Securities

MBS = Mortgage Backed Securities

A MBS is a specific type of ABS. ABS can mean securities that are back by other loans such as student loans, credit card loans, etc.

Per the 2010 Congressional Subcommittee hearings, WMI subsidiaries securitized $692 billion in mortgages from 2000-2008.

Per my ihub post#498578 :

under the year 2004, there are two entries

"LONG BEACH SECURITIES CORP. ASSET-BACKED CERTS. 2004-1
$4,398,770,000
TRUSTEE: DEUTSCHE BANK NATIONAL TRUST COMPANY

LONG BEACH SECURITIES CORP. ASSET-BACKED CERTS. 2004-A
$463,200,000
TRUSTEE: DEUTSCHE BANK NATIONAL TRUST COMPANY"

IMO...Not only did WMI subsidiaries securitize mortgages but they also securitized other assets.

Now go to the FDIC website:

https://www5.fdic.gov/idasp/advSearchLanding.asp

Check every "5 - Securities" section and "30 -Available for sale (fair market value)" subsection from 1992 to June 30, 2008 (tabulate all quarters)

The total is $1,332,813,328,000.00 for WMB-Nevada (Cert #32633) + WMB, FSB-Utah (Cert# 33891)

IMO...Conclusions as of September 25, 2018:

1) The total of $1.332 trillion contains all the securitizations of all Assets (which includes Mortgage Loans, Credit Card Loans, Student Loans, etc.) from 2000-June 2008.

2) I previously calculated that WMI probably participated in at least 26.24% of MBS Trusts that the WMI subsidiaries created.


3) If WMI participated in just 10% of all ABS Trusts that were created by WMI subsidiaries,


IMO...My calculations:

$1,332,813,328,000.00 x 10% = $133.2813 billion in recoveries for WMI Escrow Marker Holders


4) If WMI participated in just 20% of all ABS Trusts that were created by WMI subsidiaries,

IMO...My calculations:

$1,332,813,328,000.00 x 20% =$266.562 billion in recoveries for WMI Escrow Marker Holders


My above calculations do not include 10 years of compounded annual interest.

5) IMO...I contend that WMI Escrow Marker Holders are the true owners of beneficial interests in all certificate participation in all ABS Trusts.