Replies to post #631909 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Hello Lodas' Yeppers', It Is The Parent Corp, WMIH-Corp That Collateralized The Debt Offering' ~

... I hope you are doing well these days' ...

Even if a participant doesn't quite get or understand the SEC allowances, which allowed for the WMIH-Corp Direct Sub', (the)*Mr Cooper Group(s) to File as the "Registrant" ... there is a simpler distinction to consider' ...

While only WMI (the holding company) and One Sub', (WMIIC) was allowed by the Judge to file for bankruptcy and a procedural joining, ... Pre Seizure and BK' WMI, utilized its extensive Corporate Structure to package "Off Balance Sheet Derivative Based Assets" out of two locations' ... (T. Lehmann) ... many of the securitizations were reg(s) multinational' ... as were and are the WMB Notes' (Bonds) ...

Now, simply consider our SEC Filed WMIH-Corp direct sub, (the)*Mr Cooper Group ... and just exactly what it is ...

Our WMIH-Corp Direct Sub., (the)*Mr Cooper Group, is a US domestic 144(a) "loan servicer and originator" ... it is not a packager' of securitizations' into ABS-Certs' ...

So, it is my opinion that "COOP" doesn't actually have any direct exposure to the operations of an individually packaged ABS-Cert Trust' or is able to direct a Trusts' ... Trustee' ...

AZ

[goodietime]

"when Wmih made the bridge loan for 2.7 billion dollars during the "project Eclipse" era, the financial officer?, under signature guaranteed that the assets of Wmih far exceeded any liabilities...what this implies is that Wmih has the assets held somewhere, but not reporting them on any books of reference... notice that the CFO of Wmih made no reference about the source , or whereabouts of these backstop assets...so, in conclusion to my post, wmih has the assets, we just don't know where or the final disposition, or where they will show up.."

If WMIH , had and was able to 'use them', (even as a backstop), how is it they don't have to listed in any Financials?

[johnlconfer]

Thanks Lodas I to be believe Project Eclipse is the tell. Also don’t worry the American GI They have had targets on their backs for over two hundred years. I myself is not allowed in China. But we will Survive.
FYI I live on a lake in Northern Wisconsin and 700,000 hunters enjoy deer hunt up here. If you needed, we could come and save you and California on a moment’s notice!
Semper Fi