Mr Cooper Group Inc (COOP)

[newflow]

TWO entities makes sense one for creditor claims and one for equity claims.
WMI Holdings Corp. addressed Creditors while giving chump change to equity.
WMI Holdings, Inc. was formed for protecting assets away from Creditors.
For both WMI Liquidating Trust was used as a pass-thru vehicle for tax purposes.
Now PAC must be sitting with all the assets and probably looking for a new business to acquire.