Replies to post #509627 on Mr Cooper Group Inc (COOP)

[hotmeat]

This has been puzzling to me since I read it a while back and based on that specific text, it "seems" the Exchange Event was not a beneficial transaction for WMI (for now at least).

I can't understand why WMI would not have included a provision in the TPS contract that secured the $4B asset for the benefit of the company in case of a bankruptcy.