Mr Cooper Group Inc (COOP)

[ReikoBlack]

That's correct.

From WMIH’s Amendment of Series B Preferred Conference Call on December 12, 2017.

11:17
Brian O’Neill: Accent Realty

[Q: Brian] I’d like to ask you a question in relationship to the, the other side of this, the issue of WMIH which is the payment of Escrow. Does WMIH expect to receive any funds, whatsoever, if WMI, the Liquidating Trust income of say,… i think i’ve heard figures of 2.5% or is there any indication that there’s going to be any payment to you as well as Escrow?

[A: Bill Gallagher] I don’t think that has anything to do with WMIH Corp, uh, Brian. Any of that is for either the Liquidating trust or other Estates or Companies that are not related to this.

[A: Tom Fairfield] So, is your question…do you…is there the potential for WMIH Corp to receive further funds from the Liquidating Trust from the original Bankruptcy?

[Q: Brian] I just…i want to know whether there’s any connection between the two? So, if i ask the question whether you’re expecting to receive any income from that, for planning purposes…whether there would be, you know,…it’s still a possibility? Is it still a possibility that you would receive that income?

[A: Tom Fairfield] No. The only interest that the WMIH Corp has remaining in the Bankruptcy is there was a small litigation trust which has been substantially resolved. And, we’ve received our share of the proceeds. But, there’s a very minor immaterial amount of money remaining. And, if it isn’t spent on expenses we could receive a de minimis further payment. And, that’s it. There’s no other expectation of money from the Bankruptcy.

It was 2.5% but that was about litigation proceeds received by the WMILT, not about supposed Safe Harbor assets. Yet another MB myth long debunked.