Mr Cooper Group Inc (COOP)

[LuckyPanda]

Distro, that still doesnt make sense. The hedgies owned the majority of WMIH. Why would they want to dilute themselves by merging with NSM, right before the big payout? Wouldnt they have waited until after the payout?

I never had any doubt that there is big money accumulated from the securitized loans sitting in safe harbor in the last 10 years. I'm just worried that we are going to be robbed at the last minute when it comes out.

So it is kind of alarming that AZ is now suggesting that all those safe harbored profits accumulated in the last 10 years will be going directly to COOP/WMIH and not to escrow markers.

I suppose it is possible that the hedgies bought most of NSM before they merged it with WMIH, and thus diluting and screwing us little guys from the original estate. I hope this is not the case because it will probably lead to lawsuits and insider trading charges...which would mean the money will be tied up again in the courts for years.