Replies to post #574354 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ LP, Yes Each ABS-Cert Trust Is Managed By It’s Own “Trustee” ~

So yes ... everyone’ ... is and would be at the mercy of their decisions ... that includes an original base value participating Accredited Investor ?, ... along with an interest earning product purchased by a retailer on the “Secondary” ...

An ABS-Certs Performing Trust language allows for the Cert to be “Sold” and completed once its “base value” realizes 10% or less of its beginning value ... I’m not sure if you remember, but I posted to you an example of a Cert that’s loan count had diminished greatly ... my example posted to you, would be a Cert’ eligible to be sold’ ... many of the Certs are now greatly diminished or actually fully completed ...

It has been in my opinion, ... that these continued delays we have endured, ... will financially impact us ...

AZ, since those remote bankruptcy trusts do not have any special distribution language, are we not at the mercy of the trustee? Can the trustee theoretically, just not distribute indefinitely? In worst case scenario, if we dont see any distribution in these trusts by bk closure, do we need to organize a shreholders lawsuit?

As far as the TPS REIT’s HELOC’s ? ... those were losers’ ... and the reason there’s been so much negativity and twisting of the truth ... ? ... both, then and now, or basically ever since the ... “Exchange Event” ... it is because those REIT HELOC’s were not first lien collateral and were subservient to the first mortgage, and in a default situation, they were 100% total losers’ ...

... as far as any shareholder legal organization ... ? ... well ... after what we’ve just witnessed, let’s just leave that discussion to another place and time’ ...

AZ