AZ, what is your understanding of these VIE's
After 7/31/2018 only assets of Successor are in report
Basis of Consolidation
The basis of consolidation described below was adopted by Nationstar and applied to the Predecessor financial statements for the periods impacted by the adoption. The Successor’s financial statements reflect the adoption of such standards.
The consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries,
other entities in which the Company has a controlling financial interest, and those variable interest entities (“VIE”) where the Company’s wholly owned subsidiaries are the primary beneficiaries. Assets and liabilities of VIEs and their respective results of operations are consolidated from the date that the Company became the primary beneficiary through the date the Company ceases to be the primary beneficiary. WHICH IMO WAS 7/31/2018
This is telling me any of the off-book, safe harbor assets are under management and WMIH and escrow holders are the primary beneficiary to these VIE
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