Replies to post #556097 on Mr Cooper Group Inc (COOP)

[Milk Duds]

Maybe they needed a real business with the infrastructure and software platform to handle the mortgages before the mortgages were released.

Maybe the legacy big money owners knew they had to share the “spoils” to get a going concern and they were willing to do it.

Maybe whoever eventually releases these mortgages would have absolutely not released them to a simple shell company (WMIH) with six employees.

I dont think that is likely. Remember, legacy big money owners of WMIH were diluted by at least 50% due to the merger. I'm sure big money knows what is returning from safe harbor so why would they approve the merger at the last minute if WMIH was about to receive the lion share of bankruptcy remote assets?