Replies to post #702292 on Mr Cooper Group Inc (COOP)

[ron_66271]

It’s All About the Numbers.

The accounting is completed/completing.

Yes The FDIC needed to sit on the ABS Trusts until completion of the Receivership as you said.
Plus many of the ABS are LIBOR based.

I’m just presenting the historical numbers;
From the FDIC: “WMB securitized Two Trillion in RMBS of which $500 Billion was sold to government agencies (F&F). “
WMI was required to own a minimum of 15% of the offerings.

The Commons Own The WMI Estate.

75/25% stopped with the Retained Earnings gaining interest in Treasury Notes.



Ron