Mr Cooper Group Inc (COOP)

[ron_66271]

The $8.37 Billion is just a Placeholder.

The FDIC had not completed the valuation of "WMB and it's assets" at the time of the WMB stock abandonment. Only the "Equity Interests" in "WMB and it's assets" was released to the FDIC pending "the Final Payment".

"WMB and it's assets" is now valued at $299 Billion, with adjustment for final claims like JPM's $645MM and DBNTC and other Trustee's claims that have settled. Note the four other cases are 'Terminated', finalizing the Receivership accounting.

The new Capital Gain from "the Final Payment" is the final Capital Loss.

CG and CL are Offsetting Tax attributes. CG - CL = ZERO Taxes to be paid by WMIH. The Tax attribute expires with the end of this year.


HLCE,
Ron