Replies to post #490862 on Mr Cooper Group Inc (COOP)

[Donotunderstand]

I agree WMIH already owns it

I thought - going back to the POR - that this company held some "old paper" that was "running off" with incoming cash flow of interest and principal

Such run off paper - held by WMIH via WMM.. was the collateral behind the jr and sr paper issued by WMIH per the POR (that later got used as payment to the WMI LT and out to PIERS holders)

Good to see my junior paper is redeemed in full and with all 13% (as was the senior paper years ago)

There is some value left to that paper - but how much can it be ?
(I think it started at 200 million and much has "matured or been pre paid" and the cash used to buy back the loans WMIH issued)

I own escrow and WMIH and I assume WMIH gets this money

I assume it is < 50 million