Replies to post #578834 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ The Twisting & Spinning Of The Actual WMI Reorganization ? No Longer Works ~

WMI has reorganized into the present tense ... WMIH, ... which is the current parent corporation ... merely name changed to *Mr Cooper and trading under symbol COOP ...

... There is a great difference and an extreme amount of allowed legal leniency between a Court Approved Chapter 11 Plan of Reorganization, and the need for a corporate transition to a chapter 7 liquidation ...

... WMI’s Approved Chapter 11 Plan 7 Reorganization, was Implemented on 03/19/2012 ...

AZ

[Civil War General]

Exactly, because IRS rules require the reorganized bankrupt company to be the parent in order to keep the capital loss write offs, about $5 Billion in WMIH, former WMI, now COOP.