Mr Cooper Group Inc (COOP)

[ReikoBlack]

Form 10-K; FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007.

Pg. 2

"Washington Mutual, Inc. is incorporated in the state of Washington and is a savings and loan holding company."

Pg. 4

Holding Company Status and Acquisitions

Washington Mutual, Inc. is a "multiple savings and loan holding company," as defined by federal law, because it owns more than one savings association. However, Washington Mutual, Inc. is not regulated as a multiple savings and loan holding company because the OTS deems its federal savings associations to have been acquired in supervisory transactions. Therefore, it is exempt from certain restrictions that would otherwise apply under federal law to the activities and investments of a multiple savings and loan holding company. These restrictions would become applicable to Washington Mutual, Inc. if either of its banking institutions fails to meet a qualified thrift lender test established by federal law. As of December 31, 2007, both WMB and WMBfsb were in compliance with qualified thrift lender standards.


https://www.sec.gov/Archives/edgar/data/933136/000104746908002083/a2182890z10-k.htm

Az, Good to hear from you again!

This part:
"Regarding WMI's Capital Structure, ... WaMu, wasn't able to be issued TARP Funding, nor was WaMu, able to be placed on the No Short List, ... "due to the fact that" ... Washington Mutual, Inc. ... WAS NOT A "Bank Holding Company" ... WMI was a "Holding Company" that happened to be allowed to OWN Two' Banks' ... this distinction is very, very, important' ..."

I've not heard it put this way before. It puts a bit of clarity to the initial 'goings on'. IMO