Mr Cooper Group Inc fka COOP

[jerrylev]

MY TAKE ON THIS IS:
- THERE WILL BE NO SHARE 4 VALUE WITH NEW COMPANY AND EQUITY HOLDERS

- THAT THERE WHERE POSSIBLE SUBS FROM WMIH HOLDING THAT WERE NOT PART OF MERGE DEAL – REMEMBER ALL THE WAND SUBS SET UP – THIS MERGE ONLY INCLUDED THE WAND MERGE CORP AND NONE OF THE OTHERS – WE NEED TO SEE IF ANY OF THOSE ARE STILL SUBS OF OLD WMIH HOLDING. ALSO, HE MADE A POINT THAT THE MERGE ONLY INCLUDED WMIH CORP AND NO OTHER WMIH HOLDING SUBS OTHER THEN THE RUN-OFF INSURANCE SO IT IS POSSIBLE OUR EQUITY INTEREST ARE STILL SITTING WITHIN A SUB OF WMIH HOLDING.

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RICH WAS VERY POSSITIVE ON THE FITURE GROWTH OF WMIH, AND FEELS IT WILL CONTINUE TO GROW FAST BUT NOT ON THE SAME % AS IT HAS AS COMPANY IS MUCH LARGE.



To add to your excellent summary and in layman terms:

- WMIH/COOP has nothing to do with old WAMU

- As a servicer, it services loans from everybody including potentially JPM, Ocwen, Wells Fargo, BoA, FDIC and possibly WMI LT before the trusts are liquidated. As a servicer. COOP is agnostic to the owners of the loans and merely collect payment on behalf of their customers for a fee.

End of story.

Hopefully the S4V theory will be dead for good after your excellent post but I doubt it.