Mr Cooper Group Inc fka COOP

[hotmeat]

This NEW theory could not be more wrong or misguided. WMIHC is a new company, totally separate from WMI, except for the POR stated assets that were transferred to it.

The LT received CERTAIN assets at the effective date because the substantial assets, if any, could not be transferred until the end of the bankruptcy.

This has always been the debate as to what WMIIC controlled and where this property would end up. The LT agreement clearly stated that there would be "NO REVERSION" of assets to the reorganized debtor.

The LT also clarified that WMIHC owned the Equity and the LT owned the Assets of WMIIC. These 23 additional accounts were clearly stated, without any doubt, as being the property of WMI.

How these could now be "magically carpeted" to WMIHC is somewhat beyond belief. Also, the refusal to debate or coherently explain these controversial claims demonstrates a clear lack of their validity.