Replies to post #490902 on Mr Cooper Group Inc fka COOP

[Fletch-42]

Good info, keep it coming.

[clawmann]

Thanks CBA09,

Your second item addresses the issues I was thinking about when I posted the question.

We are then left with a major issue. Assume that assets come back, this year, next year, or further in the future: which entity would be entitled to recover those assets? WMILT or WMIH. It has been and continues to be my position that WMILT is the legal successor to WMI with respect to anything not specifically assigned or transferred to WMIH by the POR.

[johnydollar]

As per with K-MART BK the Debtors did not disclose the safe harbour assets,which at the end shareholders got zero.

At the end the assets gave the new K-MART a big boost and rocketing the price per share close to 500% within a year or two.

So my question is could WMIH end up with this assets just like K-MART and screw escrows?

[DocKB]

Thanks CBA09.
A valuable post to help understand the process. I think that you are suggesting that the unfolding of some SPE's is possibly already in process. But I gather that the process can take months vs days or weeks.

[xoom]

This from CBA09 was a classic.