Replies to post #545878 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Nice Twist, But That’s Not What The Judge Asked Him ?, Or His Answer ~

... This has never’ been about an empty shell with some NOL tax advantages ...

I wasn’t mislead ... many were’

AZ

[ron_66271]

NOLs From WMB Taking vs. NOLs From WMB Losses.


First; The #5885 WMB stock abandonment created an NOL from the taking. This is the NOL that WMIH/COOP is now using. WMB was temporarily valued at ~$24B.

Then when FDIC completes the GSA with "the Final Payment"; The first NOLs go away, and then WMIH/COOP will utilize this new reported NOL for the losses generated by WMB.

Example of WMB's losses to generate new NOLs; Pre-seizure RMBS required put-backs into the Trusts. The D.C. Dual Track established these losses/valuations. The Trusts now show new 2018 Mortgage put-back into the Trusts.

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The 8-30 Proposed Order was Rule on from the Bench = Approved.