Replies to post #490840 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ LG, I Doubt That WMIH Wants Any Of This ~

WMMRC' was simply a necessary part of the original process' consideration' ... WMMRC was kept functioning, due to the fact that there were concerning Loans' that had not been packaged into an ABS-Cert` at the time of the seizure' ...

... Loans that required PMI Insurance are usually crap to begin with' ... But, JPMC got to service the whole WaMu load' ...

The Original WMI remaining PMI Insurers within WMMRC, (4 of 7 now remain) needed to be kept active upon the 09/2008 seizure, while JPMC continued to service the loans that originally needed PMI' Insurance' ...

... NOPE' ... WMIH-Corp, paying anything for WMMRC would be a stupid forward moving financial decision' ... If I were to take a stab at this ? ... I would say that JPMC got this load of WMMRC crap, along with WMB' the bank' ... and JPMC paid' for whatever is remaining in there' ...

heck, the original insurance securitization bond, which has been held in HI' the whole time, is worth more than WMMRC at this point in time anyway' ...

heck, WMIH-Corp, ending up getting a couple of bucks for WMMRC plus the return of the original WMI bond' ... ? ... and' ... Turn The Page on that'

AZ

[Donotunderstand]

I thought WMIH already owned this company (and it was the collateral to the senior and junior notes issued in an amount thought at the time to be the NPV of future incoming cash payments)

1. Does not WMIH own this already?

2. If it started with say a 200 million value - what might that value be today


How does anyone get to one billion for a RUNOFF company that has not issued any paper or done any new business in 5 years ?