Mr Cooper Group Inc (COOP)

[ron_66271]

Real Close, Newflow.

The February MOR DCR is Not part of the WMI-LT for Creditors.

Class 22 guaranteed Class 19 a 2X payment with the February MOR DCR of $20.77 Billion held in Treasury Notes.
Now ~2.5X for all Class 19.

The TPS experienced the Exchange Event, and their claim became $4 Billion. JPM paid back the claim in a 363 Sale.
The 363 Sales generated the money held in the DCR invested in Treasury Notes. Ten Year Notes? Don’t know because BR didn’t specify details about the notes.

K’s are mature, P’s are non-accumulating but perpetual. No back interest accrued, but the performance payments have been accumulating. Add 2.1X for P’s.

I have posted the links for the Equity Community presentation.

$33 Billion in assets with $8 billion in liabilities on the Debtor’s books.


Any more information regarding the newly active WMI Non-Debtor Subs like WM Citation?


Ron