Replies to post #461580 on Mr Cooper Group Inc fka COOP

[zeus_0100]

I think most know that any recovery for escrows will have to come from assets that didn't belong to WMB, but WMI. Problem is, there never has been proof of anything much left other than WMIH.

[boarddork]

Senior and junior debt not being bought, also means noboy's selling it off en masse either....there's is no run for the exits on this product........it is being held.

Who owns most of it................our dearly beloved hedgies? previously caught inside trading and losing to equity big-time?


Scenario I see:

What's a hedge-hole to do? IF its a no money scenario with the WMB receivership waterfall, and they sell based on Material Non-Public Info (MNPI) than they'll lose their shirts again for inside trading.

AND if there is money coming into the WMB receivership waterfall, they can't buy either because of Material Non-Public Info (MNPI).

Whether there 1) is money or 2) no money coming into the WMB receivership waterfall, will never be revealed by junior or senior debt trading because those who own/hold it presently can't trade either way. The lack of debt trading indicates nothing.


Just REMEMBER: There are 2 paths of $$$$ recovery to those who released. (unless your only financial interests are Senior/Junior debt holdings in the bank only, then only 1) below.)

1) Via WMB and the receivership waterfall. and......

2) Via WMI/WMIIC, the bank holding company company and its consolidated entity legacy interests, where I believe the bulk of the $$$$$ will return from.