Mr Cooper Group Inc (COOP)

[LuckyPanda]

Goodie, I dont think its anymore confusing than splitting up 200 million shares of WMIH between the preferred and commons. The WMIH share exchange was not one for one with either wamu common shares or preferred shares.

Again, I dont see any logical reason for them to issue different escrow markers for preferred and commons if the final split is 75/25 all the way through. They could have easily split some common pool of escrow markers 75/25 like they did with WMIH shares.

There must be a reason why they are still designating differet escrow markers for common and preferreds. Maybe AZ is right. The APR was only bypassed to issue the WMIH shares and whatever was in WMILT. Maybe the safe harbor assets coming back will still follow APR if WMILT is just a pass through entity. That will make sense on why they have kept different escrow markera for preferred and commons.

I dont know. I wish we could ask someone at the trust to clarify the mechanism for distribution.