Mr Cooper Group Inc (COOP)

[xoom]

DM, there are many original WMI holders who sold a lot of COOP already. Hoping the trustee “catch-up” that AZ refers to, happens soon for the escrow holders , else the benefits of the massive WMIH portfolio may only benefit COOP, at least in the near term, as a 1.5 times current COOP holdings is not too big of a number.
Eg for somebody who owned a million UQ’s prior to reorg and never sold or added :

1,000,000 * 0.03 / 12 = 2500 COOP
1.5 times 2500 = 3750 shares is minuscule compared to the original WMI holdings of a million shares.

FWIW

GLTA