Mr Cooper Group Inc fka COOP

[ron_66271]

The Sausage has +$40 Billion in Unaccounted Assets.

Plus the Sausage holds FDIC Receivership Claims for WMB and its assets.
And WMIIC.


WMIH-1 created WMIH-2.
WMIH-1 went Private.
WMIH-2 merged/acquired NationStar.


The Sausage;
WMIH-1 and Plan 6 LT.

The CDS Derivative writers are crispy bacon.

$178 Billion just to cover $1.5 Trillion RMBS generated by WMB at the 11.9% loss ratio from DB Globic.

Not my numbers.
The numbers are big because the numbers are big.

$13 Trillion in Residential Loans in 2008 according to Treasury.
Their numbers not mine.

generate a IPO why?

For +$40 Billion in functioning WMI subsidies and WMIIC.
And more.

NO RKT didn’t acquire +$40B in assets for a $9 Billion stock deal.



Ron