Mr Cooper Group Inc (COOP)

[boarddork]

Yeah, ....."in the normal course of business".....

Keep in mind, "the normal course of business" as this was Chapter 11, includes the "normal course of business" pre 2008...ie decades of securitizations and SPE/VIE interest income residuals.

They SEC play it now like COOP sprang out of the martian landscape in 2012 out of nowhere, and was a little seedling until Nationstar comes along, and watered us into the recent (post 2018) growth phase that they only SEC report on...... hide within.


Think about what that really means.....COOP is still WMI (with interim name changes). This was not a Chapter 7 liquidation death and funeral.

WMI hit the hospital in 2008 Chapter 11, and lived to tell about it post 2012.. Same dude. Same assets new and old. Just dressed in another 3 piece suit.