Replies to post #444277 on Mr Cooper Group Inc (COOP)

[mordicai]

Sec 27.3 of the POR p 65 p 80 pdf

http://www.kccllc.net/documents/0812229/0812229111212000000000003.pdf

"On the effective Date the debtors shall transfer all of the liquidating trust assets to the liquidating trust."

Sec 32.2." Intercompany claims shall be extinguished..."

So if any intercompany notes were not extinguished despite the por stating otherwise , the notes would no longer be intercompany because the LT is not an affiliate of wmih, and wmih would have to report the obligation on wmih financial statements ! Consolidated accounting is inapplicable with third parties.

And of course, the audited financial statements of wmih clearly states that wmih has no off balance sheet obligations.