Mr Cooper Group Inc (COOP)

[Spunkyknight]

Well, I definitely see a possibility of us owning a collection of trusts that might be serviced by WMIH as opposed to integrated into the company. I don't think anyone is sure how this will play out.

But I assert that the billions in value are coming back to us as marker holders.

And even in a scenario that we are serviced by WMIH- in this scenario, yes KKR and Fortress make a large chunk of change servicing the loans. But we still own the trusts. This would make more sense as opposed to dismantling the trusts and cashing out the trusts. They are money making devices.

If this were to happen and we essentially get markers in trusts, it might make more sense to let WMIH service the mortgage trusts. And if KKR and Fortress are making money off the trusts, so are we with our WMIH shares. We did get BOTH when we were given markers.

If that turns out to be the case- at some point, someone will offer to buy our trusts and that will be valuable as well. Who knows, maybe JPM will want to buy us out at that point. If the price is right, it would be a win/win even in that scenario.