Replies to post #525526 on Mr Cooper Group Inc (COOP)

[bond-007]

Did you ever come up with an answer, I to ponder the same...

[Civil War General]

Just a correction in your terms:
WMI (old holding co) owned 100% of the WAMU (old bank seized by the FDIC and sold to JPMC, which included WAMU, FA in Henderson, Nevada (with 30 Billion in cash), and we only owned WMI stock, not WAMU stock.
Upon seizure of the bank WAMU, WMI(ohc) declared bankruptcy and abandoned the WAMU stock in favor of the 5 billion NOL(net operating loss tax credit)
Our WMI(ohc) stock was given tracking escrow CUSIPs upon signed releases, effectively abandoning the WMI(ohc) stock, and also shares in WMIH (reorganized WMI(ohc) after Bankruptcy) while PIERS and Senior debt got some money.
Safe harbor assets, if any, will go to either the new WMIH or the escrow tracking markers via the Liquidating Trust. The massive hedge fund investment in new WMIH is a clue, but do they also hold escrow tracking markers?
We will see.....

Now we finally have some action with this merger.