Replies to post #599168 on Mr Cooper Group Inc (COOP)

[ron_66271]

It's No Different Than A Car Loan.

#9901

WMI abandoned their equity interest in WMB and the FDIC received right and title to WMB, but not the Title just like you do when you buy are car with a loan.

You received 'right and title' of operation, but NOT the Title. You get the Title after you make "the Final Payment".

WMB is still in the WMI Tax Group. JPM gets 80% of the tax write-offs because JPM has 80% of the tax liabilities as agreed to in the GSA.