Mr Cooper Group Inc (COOP)

[ron_66271]

Would You Rather Have

$6B in NOLs, or the Cash Value for "WMB and its assets"?

WMIH can't give away my compensation as an Owner of "WMB and its assets" to make an sweet deal for NSM with $6B in NOLs.

The NOLs are; "Gives rise to" from the "Equity Interest" given to FDIC as a Capital Loss until "the Final Payment" is made as a Capital Gain. CL = CG.

The FDIC has valued "WMB and its assets" at $299B.

The WMB Deposit base of ~$188B was transferred to JPM, and therefore never became a Liability to WMB or the FDIC. Subtract Zero.

The DBNTC $3B is subtracted from "WMB and its assets".
Est; DBNTC $3B is 1/5 of RMBS losses. Subtract $15B.
This would be the only losses to generate NOLs for the NSM Merger.

WMI is a Creditor to WMB. Add back...?

Now multiply by Three [3] because ANICO/WMB Noteholders sued for DAMAGES, and JPM Settled and then raised $1.4T, $1,400B in EURO Notes.

The $6B in NOLs is a true statement until "the Final Payment" is made for "WMB and its assets".

NSM is doing Business with WMIH's "Equity Interest" in the enormous ABS/MBS pools of WMI/WMIIC. NOT some NOLs.

WMIH can't forfeit my "WMB and its assets" compensation to NSM.