Mr Cooper Group Inc (COOP)

[clawmann]

WMI's corporate structure and consolidated tax group are no longer intact. The reorganized WMI emerged from bankruptcy as WMIH, with an entirely new corporate structure and tax attributes.

On the question about who owns the bankruptcy estate: The idea of estate "ownership" does not apply in the case of a Chapter 11 bankruptcy case. There is an approved plan of recorganization that specifies the rights of the various classes of claimants (including commons) to the assets of the estate.

WAMUQ does not own the WMI estate. WAMUQ does not even exist any more. Former holders of WAMUQ no longer hold common stock; their stock (and the ownership rights it represented) was cancelled and they were assigned to class 19 where they have the rights specified in the POR.

Former holders of P's and K's no longer hold shares of preferred stock. Their preferred stock was likewise cancelled and they were also assigned to class 19 where they have the rights specified in the POR.

The only thing former holders of WMI common and preferred stock have now are the rights specified in the POR. Those rights include a right to receive some WMIH stock and a share of the cash proceeds that result from the liquidation of WMI's assets (if there are any such proceeds remaining for class 19 after all more senior classes have been paid).