Replies to post #526091 on Mr Cooper Group Inc fka COOP

[austin01]

lodas, thanks for the explanation. You posted, "if Wamu make a home with corporate equity, that is to say, stockholders money, then yes,we would own the equity that the loan produces, and we would have title to the loan".
Are saying that, in this scenario, if the loans are paid off, escrows would own the interest payments that the loans produced? If the loans were not paid off, escrows would own the home itself? I don't quite get the "we would have title to the loan".
I gather that you're not "banking" on a "shares for assets" event for escrows in conjunction with the NSM/WMIH merger.

[austin01]

lodas, a follow up to what you posted, "if Wamu make a home with corporate equity, that is to say, stockholders money, then yes,we would own the equity that the loan produces, and we would have title to the loan". So if the loan was made with shareholders money, shareholders would be entitled to that money that they provided in the loan. What about the interest payments, does that belong to the shareholders, too?
I'm just trying to "connect the dots" to understand better what is in the trusts that might belong to escrows. Would it be the money shareholders provided in order to make the loans, plus the interest the loans produced?
Thanks, for educating me on this.