Mr Cooper Group Inc (COOP)

[ron_66271]

I’m Sticking to My Numbers and Distributions Sources.

My number for WMI Assets is $375 Billion.
WMB at $307 Billion.
WMB Notes are Covered Notes, $26B in assets for $13B in Notes. Subtract zero. Hence; no liability to WMI.

WMI had $8B in liabilities.
WMIIC holds investments, investments are performing liabilities and therefore off book. Further more the first ‘first’ was not open for discussion. Stu locked it down. WMI BOD was bared from looking.
WMI Claimed $33B in assets with their BK filing, of which paid the $8B Creditors claims and placed $20.7B in Treasury Notes from the 363 Sales.

Potential asset valuation of the Non-Debtor Subs;
$375-$307-$33 = $35B

The WMI Non-Debtor Subs that were placed in the Plan 6 LT by AAOC are now Active as of last year by WK and CS. DL is not listed in the activation documents. So leave DL alone!


Ron