Replies to post #688344 on Mr Cooper Group Inc fka COOP

[goodietime]

Any thoughts on why the FDIC recently published this info?
FDIC has been seizing Banks and Financial Institutions for decades.
And NOW, just realized something???

“Structured financings are based on one central, core principle: a defined group of assets can be structurally isolated, and thus…[is] independent from the bankruptcy risks of the originator”


https://www.fdic.gov/analysis/cfr/bank-research-conference/annual-5th/kayotte-sgaon.ppt.pptx

[ron_66271]

Only About $4 Billion Went To Pay Creditors.

The 363 Sales amounted to about $25 Billion. I have presented the related documents in other posts The remaining $20.7 Billion was placed into Treasury Notes. Rosen said that they got a good deal.

The $20.7 Billion is accounted for in the February MOR as Retained Earnings. 75/25%.



Ron