Replies to post #727741 on Mr Cooper Group Inc (COOP)

[ron_66271]

Correct!

A Covered Bond just like the WMB Notes.

More assets than liabilities to cover all losses.

WMB Notes where covered at a 2X ratio.
$26 Billion in assets for $13 Billion in liabilities. Now grown to ~$14 Billion.

Now consider the performance payments from the base assets?



Ron