Replies to post #535197 on Mr Cooper Group Inc fka COOP

[bkshadow]

Agreed...the reality of MBS...

...NMTA.

EXDIMER Sunday, 08/26/18 05:42:13 PM
Re: jerrylev post# 535196 0
Post #535197 of 535198

As you correctly said;

No evidence of left over Safe Harbor Assets has been found after all these years. Safe Harbor was used during the structuring process of MBS issuance to protect MBS investors. MBS were routinely sold forward prior to completing the MBS and investors relied on the safe harbor to protect their investment prior to delivery of the MBS. Retained interests in MBS, if any, would have been booked on the balance sheet as held for investment assets and purchased by JPM in this case. Again, I have not seen any evidence of any safe harbor assets that some believe will show up in our escrow accounts.

[hotmeat]

So the market valued $26B-$30B in Available for sale securities cited in WAMU's June 2008 Form 10Q were ""sold" to JPM even though most were MBS's not owned directly by WMB??? In addition the FDIC logged ~$26B in unrecorded assets as of Dec. 31, 2008 in it's Statement of assets in liquidation??? But as you said, "nothing to see here"!