Mr Cooper Group Inc (COOP)

[boarddork]

What you highlighted is interesting to me, thanks. I think what needs to be defined first is who/what is "successor" and "predecessor" to really understand this.

Prior to merger, Both WMIH/legacy WMI and Nationstar had interests in securitization income. So when referencing the consolidation of financial statements, are they still just referring to Nationstar? to WMIH? to Both?

I'm away from desk, and haven't had a chance to read and absorb all this yet. On one hand, I could see this being the same old delay and usage of Nationstar's books, as a temporary cover-up for 'everything' legacy WMI......and on the other hand, I could see this quoted statement as correct for both Nationstar and WMIH reading between the lines as a double entendre.

So to me, defining the context of Predecessor and Successor in this financial statement up to 12/31/20, is the key to unlocking that door.

However, a lot has happened since 1/1/2020, and this financial statement is over 45 days old