Mr Cooper Group Inc (COOP)

[hotmeat]

The reason why the Retained Interests would have been on WMB's and/or it's subs books was to protect the bank. The main aim of WMI was to maintain a healthy Capital Ratio for WMB. This is why these cash producing assets would remain of the bank's books. This is exactly why there was the Exchange Event for the TPS where the assets went to the bank. The result of those actions was that JPM acquired it all when they bought WMB.


NOTE: If WMI was still legally entitled to their share of the dividends from those Retained Interests after filing bankruptcy then we could see a distribution. That however, from what I have seen did not happen.