Replies to post #605754 on Mr Cooper Group Inc (COOP)

[Civil War General]

Since WMI, the bank holding company, was required to hold a percentage of these bankruptcy remote mortgage backed trusts, we as the surviving owners of that bankrupt corporation, step into the shoes of WMI as the beneficiaries of that required percentage.
The volume of trusts is quite large, into the trillions of dollars. One percent of one trillion is ten billion.
The required percentage is larger than 1 percent.
You should know that.