Replies to post #726640 on Mr Cooper Group Inc (COOP)

[johnlconfer]

Yes December 2017 the DC circuit court as reported by Globic ruled that the FDIC cannot seize beneficiary ownership of trusts. The suit was won by Deusche Bank Trust Company. This forced the FDIC to give back $600m of JPMs down payment of WMB because the income from all the MBS trusts($8 billion of profit in 2007) belonged to the beneficiaries of the trusts. Lodas go back research all the posts on this board late 2017 and 2018. It’s all there, including the trust beneficiary clause in all the MBS trusts! There is a group of trusts that have the P preferred owners as Beneficiaries but the vast majority including the big boy WMCT2001( CMBS) are beneficially owned by WM commons. Your are a very wealthy man Lodas and I look forward to your party in Malibu!
Semper Fi