Replies to post #536032 on Mr Cooper Group Inc fka COOP

[katekir1234]

you should understand that this is impossible and would even be fraud.

[hotmeat]

Quote: "WMIH needs to issue new Preferred shares to TPS and P escrow holders to realign preferred holders with their ABS Trusts."


Flat out false nonsense that is constantly peddled here. WMI Preferred stock (PQ + KQ) were NEVER aligned with any Trusts. The TPS were backed by Trust assets but those went to JPM when the exchange event occurred as stated in the POR. Just read the PQ or KQ Prospectus since it's all laid out in plain English.