Replies to post #743402 on Mr Cooper Group Inc fka COOP

[ron_66271]

WMB Securitized $2 Trillion in RMBS.

F&F purchased $500 Billion.

Think about what that means to cash flow.

WMI/WMB had $2 Trillion to reinvest, or hold in cash.

WMI/WMB doesn’t have $2 Trillion in securities in market.
Therefore the securities are over funded.

According to AZ of which I agree.
The WMB EURO Notes are funded by $26 Billion in assets.

Same with the Series R Preferred.
$3 Billion offering with $6 Billion in assets.

The Market Standard for all ABS.

Safe Harbor!



Ron

[sunshinevibrations]

This argument over 5% of nothing has always been one of my favorite follies.