Mr Cooper Group Inc (COOP)

[MaPi]

Clarification of the confusion of numbers

Quote hotmeat:
MATH 101.....


Base of $4.1B

10% interest/yr = $410,000,000

1% interest/yr = $41,000,000

Then logically 1.95% interest/yr of $4.1B = $79,950,000.


Quote AZCowboy:
Direct Text;

As of June 30, 2019, Allowed Subordinated Claims total $38.2 million, plus $8.8 million in post-petition interest.

Direct Text From The Most Recent QSR Reporting Period April 1, 2019 through June 30, 2019
http://www.kccllc.net/wamu/document/0812229190731000000000002

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"As of December 31, 2018, outstanding allowed Subordinated Claims totaled $38.2 million and $8.4 million of post-petition interest"

Direct Text From The WMI-LT 10-K For Fiscal Year Ending 12/31/2018
http://www.wmitrust.com/wmitrust/document/8817600190404000000000002

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NOTE: During the reporting periods between the Plan's 03/19/2012 Implementation, and The Completion of the Payments to the Creditor Classes on 02/25/2019, There Is NO QSR or 10-K mention of the Post-Petition Interest Being Accrued and Owed', ... this is consistant through these WMI-LT 10-K's, ... 2012, 2013, 2014, 2015, 2016, & 2017 ...

"As of December 31, 2012, outstanding allowed Subordinated Claims totaled $38.2 million."

Direct Text From The WMI-LT 10-K For Year Ending 12/31/2012
http://www.wmitrust.com/wmitrust/document/8817600130402000000000002

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NOTE: During the reporting periods as of 12/31/2018 (10-K) and the 06/30/2019 (10-Q, QSR), ... The Post Petetion Interest Owed, increases' ... by approximately $67,000.00 per month’ ...

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AZC is right: There is an increase of $400,000 in six months. And 400,000/6 = 67,000 per month.
This has nothing to do with the whole discussion about 1.95% and 0.0195!

Many thanks and best regards to AZC from Germany.