COOP has reissued it's own Preferred and Common stock, the former WMI stocks are tied only to the former WMI estate. What Z's promoting is nonsensical, at best. Sad thing is so many will never question it but rather accept it as fact.
EDIT: Explain this...if COOP is to be a recipient of legacy WMI assets, how could it be that HF's that never released or hold Markers (KKR etc) benefit the most because they own the largest stake in COOP? Our interests in COOP were diluted by those that came after the process, it makes zero sense, except to a few!!!
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