Mr Cooper Group Inc (COOP)

[boarddork]

Thanks for being open minded at least. I've been looking at this for a while, and I believe Preferreds are capped + 10 years interest.

Remember there were 2 bankruptcies.

WMIIC filed #1.

Minutes later, WMI filed #2.


WMIIC with no debts, claims, or creditors, was protected by filing for bankruptcy first. Why file if it had nothing to protect?

I think the big picture, is everyone fought over WMI BK #2 and its payout matrix, which was spotlighted in the media, on MB, etc.

Meanwhile the BK #1 residuals will utilize the LT as a non taxed pass thru entity down to class 22 eventually.

The LT will continue to run down, and any WMB residuals or WMI BK #2 residuals roll out as 75/25, until cap + 10 years FJR interest is reached, imo. If anything remains in BK#2 and WMB, And everything from BK #1 is uncapped Commons interest class 22.