Replies to post #656772 on Mr Cooper Group Inc (COOP)

[sillyinvestor]

Well then, you contradict what the attorneys and the judge herself said in many court sessions.

[mwd44]

UptickmeASAP- They are not hiding assets per se. All of the MBS are in a trust. When assets are placed in a trust, temporary ownership is turned over to the trustee. The former owner becomes the beneficiary. This arrangement make the assets BK remote because only assets "owned" by the debtor is subject to BK law.