Mr Cooper Group Inc (COOP)

[mordicai]

I did not say anything about the REITS having common stock. The preferred capital trusts had common stock at one time. The TPS owned the preferred shares in the preferred capital trusts. The TPS had to exchange those preferred shares in for Reit shares. The preferred shares went to JPM, TPS got Reits. The por cancelled the Reits. However, the Reits shares were included in the definition of preferred equity interest so the TPS ended up with escrow markers.