Mr Cooper Group Inc (COOP)

[novascotiaSTS]

As a result, the Receiver does not project having sufficient assets to make any distributions to WAMU subordinate note holders or equity holders. Therefore, it is unlikely that any distributions will be made to WMI or its successor on its claim as sole equity holder of the failed bank.

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html

This isn’t difficult to understand.