Mr Cooper Group Inc (COOP)

[LuckyPanda]

Nobody is going to lend $2.7B to WMiH to buy NSM so that it can save about $1.5B in taxes over 10 years.

Additionally, from the perspective of NSM, WMIH borrowing $2.7B to buy them, and the combined company using that cash to buyout most 2/3 of NSM shareholders in cash, is the equivalent of NSM borrowing the $2.7B to do a stock buyback. Its the most ludicrous business decision...which is why it cannot be true.

The $2.7B must be used to buy Eclipse, which is not NSM...its got to be the leftover loans coming out of safe harbor for the old estate. This is the only logical business transactiin that makes sense.

Wand is a sub of WMIH, that buys Eclipse (safe harbored escrow assets), then merges with NSM... and then the merged entity is acquired by WMIH.

Just imo...