Mr Cooper Group Inc fka COOP

[LuckyPanda]

I understood your reasoning. It is true for all the assets available to WMILT at the time of POR. However, is it not possible for the safe harbored bankruptcy remote assets to come back to escrow via WMILT as a pass through entity? I was speculating perhaps that is the reasoning for the Wamu 1031 Exchange to exist. Perhaps, all the interests accrued in the ABS trusts would have been tax deferred and they would return via WMIIC to Wamu 1031 Exchange. WMIH will then offer stock for value exchange to Wamu 1031 Exchange for those assets (cash plus remaining illiquid assets). Wamu 1031 Exchange will then pass those WMIH shares back to escrow through WMILT as a pass through. Tax is then deferred until we sell our new shares. Just a speculation...