Mr Cooper Group Inc (COOP)

[hotmeat]

One question.....How can this be accomplished, despite the fact that WMIIC and it's assets was a direct, 100% owned sub of WMI?

I ask this since i believe the $32B/$8B bankruptcy filing (bk#2) included the assets of WMIIC, since WMI owned WMIIC and all it's assets.

By quoting the total value held in WMI and WMIIC in bk filing #2, on paper only. They cleverly protected both entities from harsher bankruptcy standards and rulings by the court, due to the appearance of solvency of WMI.

I'm having a hard time figuring out how the 75%/25% split can only be applied to WMI assets and not WMIIC's, when WMI owned it all.

JMO