Replies to post #492075 on Mr Cooper Group Inc (COOP)

[Royal Dude]

Wepay could be our WMIH M&A Think about the MBS's that have been left with JPM not a bad thing for Wepay and WMIH IMO

"In what would be the bank's first major fintech acquisition, JPMorgan (NYSE:JPM) has agreed to buy WePay. Terms weren't disclosed, but a source tells the WSJ the price was higher than the $220M valuation assigned to WePay in a 2015 fundraising round."

[Large Green]

mordicai, yes, you are correct BUT as always there is a larger picture. My view is this has NEVER been about tax attributes/NOLs, (very valuable if these can be used-yes they will be used) BUT more about WMIH-Corp buying there protected assets back from the former WaMu Estate now owned by investors who hold Escrow Markers in their respective accounts.

Also Kosterous is in complete control and no need to get approval from anyone when this asset purchase goes down so when WMIH-Corp files their 8K, yes, a QA happens and Bs triggered. I also contend that it is possible WMIH will never have a need for the funding but may go ahead with it anyway. Time will show us the details when the 8K is filed.

WMIH may need a platform but that is not the holdup in my view but this is all about proper releases from the big players at the FDIC/JPM. This allowing us to move ahead. I do believe we are there and will see an 8K from WMIH by Halloween/2017 and MOST definitely by end of year 2017. WMIH has to file an 8K to discuss the funding that expires on 1/5/2018 before end of year 2017.