Mr Cooper Group Inc (COOP)

[dmceng]

BBANBOB,

Bob,

Something has been bothering me during this long process and that has to do with the way holding companies treat their subs. I know you have a great knowledge of the workings of holding companies. Mine is limited to my finance classes in my MBA program. I thougt that in most cases the holding company holds title to all the real estate the subs sit on while doing business if that in fact where they are doing business. You can appreciate that this allows the holding company to be free to deal with the brick and mortar separately if the sub goes belly up for any reason and further more the real estate has real value for the holding company. The additional value to the holding company is of course the tax consequences which they can use to their advantage.

I only bring this topic up because it goes contrary to the normal makeup of a holding company to have real estate in the hands of the subs.

And also BTW the holding company gets the profitsfrom the subs, don't you know!!lol

Take Care
David