Mr Cooper Group Inc (COOP)

[Evintos]

For the three months ended March 31, 2016, the Company recorded net income of approximately $55.6 million. Due to projected tax losses for the year ended December 31, 2016 and the existence of NOL carry forwards which have a 100% valuation allowance recorded to reduce them to zero, the Company has not recorded an income tax expense or benefit for the three months ended March 31, 2016. The Company recorded no income tax expense or benefit for the year ended December 31, 2015 due to tax losses in that period.

https://www.sec.gov/Archives/edgar/data/933136/000156459016018278/wmih-10q_20160331.htm

Something to read for those that are still on about the $11 mil expenditure in the failed acquisition attempt.