Mr Cooper Group Inc fka COOP

[hotmeat]

1) WMIH is a Newco and essentially distinct from WMI except for the property stated to be transferred and therefore has no claim against legacy WMI Assets..

2) The logical beneficiary for any ABS/MBS Trust payments was WMIIC, which the LT has already claimed the Assets of in past filings.

3) WMI, now the LT, was the SOLE parent and beneficiary of WMIIC not WMIH, whose 100% Equity Interests are worthless in the absence of any Assets, re the former WMI/WMB Equity relationship.


If this is the format that will be used, as I can see no other, a Stock for Value event is not plausible... all IMO of course.