Mr Cooper Group Inc (COOP)

[hotmeat]

Would this really also apply to WMI even though they never securitized or sold any MBS's?

I believe WMI would have transferred assets to WMIIC as it seemed to be their Investment Management Vehicle.

In such a case, how would WMIIC's assets be treated post bankruptcy with regard to the WMILT and WMIHC?

It was specified (in an LT MOR, not sure) that WMIHC owns the Equity and the WMILT owns the assets of WMIIC.

In addition there is the "No reversion (of LT Assets) to the Debtors" clause in the LT Agreement.

I honestly believe we're sill missing a lot of important pieces here.



Note: getting caught up on missed posts