Mr Cooper Group Inc (COOP)

[Donotunderstand]

agree

we are equity

we do not hold a creditor claim of any sort against anyone

such a claim is what a holder of debt or a contractor of services or even possibly an employee shorted on pay holds ---- a claim

yet - that is not a problem

we owned Washington Mutual Holding Company - we are the equity - and we own what is left of Washington Mutual Holding Company after all claims are paid .....

99% or whatever of claims (bond holders) were paid off the top -- then as it got to the small stuff - an LT was created to distribute whatever was left of Washington Mutual Holding Company

WMIH was not that entity - it was the successor company (in essence starting from fresh)

Summary
WaMu emptied to near zero value by creditor claims (all this talk of 100s of Billions is vapor - nonsense - never was that high in NET amount and the bondholders go it all (99% or more)

Some of WaMu - see WMILT site for assets and liabilities and POTENTIAL LIABILITIES - went to LT. LT is to finish dealing with small disputes and small assets here and there or potential assets if litigation was won. (And yes - LT gets anything found owned by WaMu not in the pocket of JPM or others)
WMIH is the successor company