Mr Cooper Group Inc (COOP)

[fsshon]

Actually the NOL's have to go back to the Tax Id # that filed the returns. WMI is the parent corporation of subsidiary WMB and WMBfsb. It has a tax sharing agreement in force that explains the way the taxes are handled for the subs. You are basically saying since WMI pays the taxes for the subs, they are not entitled to the tax refunds, that's HOG WASH!

Let's say Accurate Mortgage is owned in full by WMI, they have a tax sharing agreement, where the parent corporation files for and pays the taxes of subsidiary Accurate. If and when money would be returned to the sub, it would actually go to the entity (WMI) that payed the taxes. Why would a parent pay the taxes, if it had no recourse of refund on the sub? That does not make sense. Corporations are supposed to get like value for contributing monies to the subsidiaries. That is the law, if the corporation does not receive "like value" for their "capital contributions" then the capital contributions are considered debts of the subsidiary and returned to the corp is the case of breach or sale. IMO

In WMI's case, it would be sub WMB and fraudulently conveyed sub WMBfsb... Get it Yet?

~Fish~