Mr Cooper Group Inc (COOP)

[hotmeat]

Question to the board.............


Does anyone else see the clear parallels between WMI's ownership and subsequent abandonment of it's 100% Equity in WMB and WMIH's ownership of 100% Equity in WMIIC?

The abandonment of WMI's worthless WMB stock generated the NOL benefit for WMIH and IMO there is a possibility that the same could apply to WMIH's Equity in WMIIC if a similar event occurs.

The LT asserted ownership WMIIC's Assets and that WMIH owns it's Equity. If the Assets of WMIIC are ""seized"" by the LT as the FDIC seized WMB's assets, a new NOL benefit could be realized.

This, IMO, is the only possible way that WMIH could benefit from any WMIIC Assets returned to the Estate since the LTA clearly states that there can be "No Reversion of Assets" to WMIH.

Note: The 2016 Turnover Proceeding between WMI vs WMIIC is an additional validation of the claim that WMIIC indeed has Assets and WMI (Debtors/LT) claims ownership of same.