Mr Cooper Group Inc (COOP)

[barefoot123]

WMI knew what was about to happen in 2008. They set themselves up by bringing in WMRRC directly under WMI a month before the collapse. WMIIC was sent off on its own little bankruptcy…why did they do that? I’m sure there was a good reason. What was in WMIIC and what more was added before waving goodbye? It was all preplanned.

WMMRC is a wholly-owned subsidiary of WMIH. Prior to August 2008 (at which time WMMRC became a direct subsidiary of WMI), WMMRC was a wholly-owned subsidiary of FA Out-of-State Holdings, Inc., a second-tier subsidiary of Washington Mutual Bank (“WMB”) and third-tier subsidiary of WMI.