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Replies to post #592322 on Mr Cooper Group Inc fka COOP

Replies to #592322 on Mr Cooper Group Inc fka COOP
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BBANBOB

10/20/19 3:36 PM

#592324 RE: goodietime #592322

Why would a Holding Company, not actually use itself as such?

I KNOW FOR FACT OUR BANK DOES it that way!!!!!!!!!!!!

We own the brick and mortars and lease em to the bank


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nosch

10/20/19 4:15 PM

#592330 RE: goodietime #592322

Goody you got the point!
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hotmeat

10/21/19 2:16 AM

#592360 RE: goodietime #592322

To ensure that WMB was always properly capitalized, as per FDIC/OTS regulations. This was the reason the Exchange Event ensured the TPS assets remained with WMB rather than Investors or WMI.