Mr Cooper Group Inc (COOP)

[ron_66271]

Thanks Newflow; The WMI Non-Debtor Subs are Not at COOP.

But also true is that the Subs not part of Plan 7 Liquidating Trust. Plan 7 LT only had enough money to pay Creditors.
That’s not the Trust you’re looking for!

“Pursuant to Section 1.140 of the Seventh Amended Plan, WMI’s Equity Interest in all of its subsidiaries, except for WMI Investment, WMMRC and WMB, will be transferred to the Liquidating Trust.”

Yes the Subs will be transferred to the Liquidating Trust.
The Plan 6 Liquidating Trusts for Equity Classes as agreed to in Plan 7.

And the Subs have become Active last year. It took filings fees and man hours/legal fees to make these Subs Active.

WM Citation main function was ‘Leases’. Did WMB lease the property from its parent, WMI? I say Yes.
DS footnote; ~”JPM will pay WMI for WMB notes. Same FN for H. S. Home Loan.
Hint; 365 Sales deal with Leases.

Any more news regarding these Non-Debtor Subs?

WK and CS, where are you?



TIA,
Ron