Replies to post #533075 on Mr Cooper Group Inc fka COOP

[Royal Dude]

Maybe the real deception here is that escrow gets 0$ and value comes back directly to legacy shareholders. This elaborate scheme of escrow is a fear strategy to divert attention from the real silent low key distribution IMO

[hotmeat]

As CBA09 stated, the issuing SPE (WMAAC, WMMSC etc) would have held the certificate for any Retained Interests, not WMB.

How would the FDIC have been able to sell those "interests" to JPM when the assets of WAMU's Subsidiaries were NOT subject to the P&AA? (ie Assets, not assets)

Also, wouldn't any cash generated by those Retained Interests have been pledged, All or in Part, to WMI as the parent company?

[wowalters]

Maybe, maybe not.

[2221]

Ok what where asset that backed p k and Us?

[Donotunderstand]

I agree (while I hope you are wrong - say at 2-4% that was never fully sold to others ....investors/owners)