Mr Cooper Group Inc (COOP)

[ron_66271]

AZ is Correct Regarding WMB-NOLs

The NOLs from the WMB Stock Abandonment will go away just as James Carreon of A&M said in Court Testimony to THMFW. AZ is Correct because that is what the record states.

~$5.85B in NOLs form WMB Stock Abandonment is removed when "the Final Payment" is made for "WMB and its assets" as a Capital Gain offsetting a Capital Loss. CL = CG, NOL => Zero.



The Losses generated from events like DBNTC $3B is subtracted from WMB's valuation as a Loss. Creating an NOL.

Said $6B in NOLs;

X = $6B/.35 = $17.14B Loss from events like DBNTC $3B to generate a $6B in NOLs.

Events like DBNTC $3B is 1/5.7 ratio of the $17.14B.

DBNTC is Trustee for $165B.

Therefore;

$165B * 5.14 = $942.86B in WAMU RMBS Portfolio generating $6B in NOLs.

One original WMB Stock Abandonment NOLs will be replaced by the RMBS NOLs when "the Final Payment" is made for "WMB and its assets".


NSM is talking about the RMBS NOLs that will be realized with CIC, and "tFP".

WMI-WMIH, both told the 'truth' for different reasons.


HLCE,
Ron