Mr Cooper Group Inc fka COOP

[DarkB4Dawn]

Right. Rocket is buying the Mr. Cooper Group a wholly owned subsidiary of WMIH. After the merger, WMIH is now clear of the subsidiary and what remains is WMIH which is owned by the legacy shareholders in amounts equal to their original position in WMI. It seems a clean way to divest what was a public entity that benefited those who held, bought more, and the remainder is clear to transfer to those that released. What are the residuals remaining? If any... and what then might WMIH become, wind down into? Hopefully something positive and meaningful. Hell, maybe this whole thing was run out to save all the investors in those MBS's including WMI which was required to own a percentage of what they issued. The servicing of all those loans has wound down. The links I provided a month ago showed JPM with about 1.5B left in 2023 that they were servicing for WMMSC + the contents of the 3 trust(s) at Wells Fargo.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176402699

Have a good weekend and best wishes to all.

DB4D