Replies to post #627658 on Mr Cooper Group Inc (COOP)

[hotmeat]

The SPE's that "bought" the loans from WMB and securitized, sold and retained a portion of the MBS's were direct subs of WMB, NOT WMI. This is clearly confirmed by every WAMU Organization Chart. WMI would have benefitted from the proceeds of any retained MBS's but at no time did they ever own them. It's quite clear that since 2008, any such assets now belong to JPM since the SPE subs are now part of JPM's organization.