And all this time “off- balance sheet “ seemed un-kosher even for discussion. Progress... Now just need to link all off-balance sheet monies, and we are golden.
the Company enters into various types of on- and off-balance sheet transactions with special purpose entities (“SPEs”) determined to be VIEs, which primarily consist of securitization trusts established for a limited purpose.
In the normal course of business, the Company enters into various types of on- and off-balance sheet transactions with special purpose entities (“SPEs”) determined to be VIEs, which primarily consist of securitization trusts
You didnt highlight the most important part, the one in red above. Seems to show that COOP is referring to off balance assets in spe's they themselves created rather than them being former wmi assets. imo