Replies to post #504484 on Mr Cooper Group Inc (COOP)

[hotmeat]

All IMHO........

1) WMI's residual interests in MBS Trusts, (those held and managed by WMIIC) that are still performing to this day. I believe these are referred to as Interest Only Strips (IOS). (main source)

2) The remnants of the bankruptcy estate + disputed reserves (max $100M). This should generate enough cash to clear all existing debt with a small amount coming to Escrows.

3) "Assets not assets"...the WMB subs that were not sold to JPM and for which they are yet to pay for. I believe the FDIC will use this payment for settling the WMB Notes and if there are any leftovers, Escrows will benefit.

Note: Most or the greater part of the Residual Interests held by WMIIC could be those retained by WMB's direct subs, WMAAC, WMMSC etc. These were the SPE's that securitized and created the MBS Trusts, with WMI/WMIIC being the legal recipient of the Cash yields from these Interests.