Mr Cooper Group Inc (COOP): Is WMIIC alive? I think it is. Fili...

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Re: AZCowboy post# 705803

Friday, 03/10/2023 1:09:43 PM

Friday, March 10, 2023 1:09:43 PM

Is WMIIC alive? I think it is.

Filings say WMIIC was “eliminated upon consolidation”…. as in extinct. Or was it?

I’ve been reading more about that term. Which apparently only means that in a merger of formerly consolidated incomes and liabilities, the resulting ‘elimination of consolidation’ allows you to remove the impact of those former transactions…… what I call hide the sausage.

So basically “eliminated upon consolidation”... actually refers to the cleaving of WMIIC from its consolidated grouping? As-in, WMIIC is still alive.

Am I right?

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