Mr Cooper Group Inc fka COOP

[boarddork]

Ultimately, I'm saying they cant steal it from us, because we are all tied together.........but they are choosing (or forced to choose) which piece is accessible first - the "equity" or the "asset"...... to work with first. .....

either the "equity" of legacy WMI.....or the "asset" of legacy WMI.

I wonder if the choice now/firstly, is the "equity" of legacy WMI being used first....and maybe there isnt really a choice yet, if mortgage assets are dually and triply pledged to multiple trusts, then the closer to 100% of the trusts we wind down thru refi, liquidation, etc, then closer we get to maybe free up the majority of the "assets" value of legacy WMI. And then we see returns from the "assets" of legacy WMI.

So for now, maybe we just have the "equity" of legacy WMI....the trusts monthly paid income certs due and payable to legacy WMI - this "equity" that WMIH can exploit now.....while we wait.....

I dont know, just thinking out loud..................