Mr Cooper Group Inc (COOP)

[hotmeat]

I want to make some things clear first because there seems to be some confusion in terms of referencing the entities involved.

WMI = The Debtor/Debtor in possession = Holding co = parent of WMB

WMIIC = sub of WMI = co-debtor/Co-Debtor in possession

WMIH = COOP = Newco = Reorganized Debtor

WMILT = Successor in Interest of WMI = owner of WMI's rights and property



Prior to bankruptcy WMI did own 100% of the Equity in WMIIC since it was WMI's wholly owned sub, the same also applied to WMB. This is how a parent company exercises full ownership of it's property, by holding all the common stock of it's subs. There is a false notion that WMI's rights to property went to WMIH, the Reorganized WMI, this is incorrect, they went to WMI's Successor in Interest the WMILT.

After the ED in 2012 this ownership changed where ALL assets of WMI and WMIIC, ie the Debtors and Debtors in possession, were transferred to the WMILT and ONLY the ASSET-LESS shells of WMIIC, WMMRC and WMB were transferred to WMIH. WMIH is NOT WMI, it is the Reorganized WMI, a totally different company.

Quote: "1.192 Reorganized WMI: WMI, on and after the Effective Date, which shall include One Hundred Percent (100%) of the equity interests of WMI Investment, WMMRC and, subject to the abandonment of the equity interests of WMB, WMB.