Replies to post #501090 on Mr Cooper Group Inc (COOP)

[etzetrade]

If WMI's MBS had so called participation %, IMHO, it has to be appeared on balance sheet somewhere. Otherwise, the WMI pre-holders would sue WMI till pants off.

Safe harbor assets create the income stream,

[BBANBOB]

Not sir, if they were held OFF BOOK in SPE's

And I for one would find it more likely there IS a requirement or banks would just package JUNK and sell it with no exposure.....

But ya know what I guess it really doesn't matter WHAT YOU OR I THINK NOW DOES IT???????????????????

Is what is IS and aint what it AINT, there will either be money at the end of this or there won't

What difference would it make if either of us KNEW 100% for fact there was XXXXXXXXXXXXXXXX Dollars there, is it gonna change anything till it gets in your acct or would you LOL go out and buy a LAMBO
And hey then maybe it's 5%, nothing changes, until we get something we have nothing!!!!!!!!!!!!!!!!!

[distrojunky]

Without "Participation" there would not be an income stream created. WMIIC definitely collected input as the WMI "piggy bank", I think about $2B-$3B in 2007.