Replies to post #568517 on Mr Cooper Group Inc fka COOP

[BBANBOB]

DMDM

Sort of like the underwriters aint it?????????? LIKE Knowing which class to work to get into (CLASS19)!!!!!!!

These guys will stop at nothing to rake retail over the coals or throw them under the bus!!!!!!!!!

[PickStocks]

Dmd,

In your opinion, what does it take for these trusts to distribute. These trusts are not part of LTI and the EC claims are closed tranche 4 has been satisfied. There is only what roughly 24 million in LTI which we are not getting any money including for the underwriters. So what could be left. We also class 17 has to be satisfied with Jpm on the ASSET not assets. Class 18 is a done deal again jpm. Still do the trusts have to be aligned with stars. All we know is what ever they are holding is gaining interest.

So again what does it take for the trusts to distribute?

Thank you for any input.

[hotmeat]

QUOTE: “Good to see some proof of a retained percentage. In reading about WMI’s securitizaton process from an old SEC report (as I recall), they said it was their practice to retain a percentage."


Was aware that WAMU retained Snr and Sub interests in the MBS's they created but the issue is were these assets deemed to be wholly owned assets of WMB and if so were they sold off to JPM. I'm not sure however if they qualified as Safe Harbor assets since they were reported on WAMU's books as Available for Sale Securities and Trading Assets. The actual MBS would be protected by the Trust but i'm not sure if the Retained Interests (Notes) were also protected from seizure. The question is whether WMI/WMIIC had a contractual agreement which entitled them to the cash returns of these Retained Interests, and if that agreement is still in force.