Mr Cooper Group Inc (COOP)

[bkshadow]

EC/BOD - Never Promised More

The only people who are disappointed with the 10-K are those who have not paid attention, read the documents and got a good up close look in 2011-2012 as to what the deal was, or was close to being. When it was finalized, filed in court documents, news released and approved by the court as part of the Plan confirmation, the only people who are surprised or disappointed today are those that believed in something that they created in their own mind (or from someone else who that something in their head and they chose to believe ~ over the reminder of many who said such was impossible, unless 'unicorns ruled as some might say).

So, after all the hype since emergence:

1. The Mediation result was exactly as what was disclosed; there are no secret deals.

2. The EC settlement was exactly as what was disclosed; there are no secret deals with the FDIC, JPM or any other settling party.

3. The EC nominated control BOD is, and has done, exactly what it has disclosed in all of the post-emergence SEC filings; 8-Ks, 10-Qs and now the 10-K "AUDITED."

(a) The AUDIT didn't show the nonexistent 'hidden assets of billions of dollars as some proposed.

(b) There was no 'use the NOLs by year end via mega-merger as some proposed.

(c) There was no huge, billion dollar settlement (WMIHC or WMILT) on January 20th as some proposed.

(d) There was no reincorporation/merger of magnanimous proportions to date, including 3/15/13, as some proposed.

(e) THERE IS NOTHING SECRET, PERIOD, IT IS ALL THERE.

- - - - -

4. Read the 10-K and what management and the BOD are telling you without rose colored glasses.

(a) ... it is very expensive for us to stay a public company, and that is impacting our performance.

Upon emergence from bankruptcy, WMIHC continues to rely upon the guidance set forth in SLB 2 and we have filed and will continue to file the Exchange Act periodic reports for all periods that begin after the Effective Date of the Plan.

Compliance with different or evolving standards will result in increased general and administrative expenses and may cause a diversion of our time and attention from revenue-generating activities to compliance activities and could subject WMIHC to sanctions or investigation by regulatory authorities.

(b) ... we have 8,030 shareholders, but we have not endorsed the trading of our securities.

(c) ... those buying our securities may not be able to sell them.

(d) ... it is very expensive for us to stay a public company, and that is impacting our performance.

Compliance with laws, regulations and standards relating to corporate governance and public disclosure, including the Sarbanes-Oxley Act of 2002, and new regulations enacted by the SEC, are resulting in increased compliance costs. WMIHC, like all other public companies, is incurring expenses and diverting employees’ time in an effort to comply with such laws. WMIHC is an accelerated reporting company, and has completed the process of documenting its systems of internal control and has evaluated its systems of internal control. We expect to continue to devote the necessary resources, including internal and external resources, to support WMIHC’s assessment and disclosure obligations. In addition, during the bankruptcy. WMIHC adopted so-called “Modified Exchange Act Reporting” under the SLB 2. Upon emergence from bankruptcy, WMIHC continues to rely upon the guidance set forth in SLB 2 and we have filed and will continue to file the Exchange Act periodic reports for all periods that begin after the Effective Date of the Plan. If WMIHC is not able to follow the Modified Exchange Act Reporting under SLB 2, much more extensive historical disclosure requirements could be imposed on WMIH, which would have a material adverse effect on the Company, including but not limited to, substantial compliance costs and sanctions. Compliance with different or evolving standards will result in increased general and administrative expenses and may cause a diversion of our time and attention from revenue-generating activities to compliance activities and could subject WMIHC to sanctions or investigation by authorities

Everyone has their own opinion as they are entitled. It has all turned out to be what it was said to be is the fact and reality of the matter. The next fact that will likely become reality is that they cannot sustain the cost, effort and performance diversion from being a 'public company...that they must go dark and private...and that that is the basis for what will be proposed as a reverse stock split a/k/a 'freeze out.

Just saying, one opinion.

It is a valuable company, as per the deferred tax asset $2B footnote notes and then devalues, if the NOL can be monetized, someday, by the holders then. If you have no time urgency, do not need the money, and are large enough to stay and play, I believe it will have a chance to be valuable.

We will see.

The NEXT event really is the PROXY STATEMENT for the June annual meeting. It is required to be filed 120-days after year end. Other actions might happen, but the annual meeting is the real deal.