Replies to post #623571 on Mr Cooper Group Inc fka COOP

[Bizreader]

Yep...just servicing. Duh by now, imo.

[nhtrader]

Hi ****

The expected boardings are unrelated to any legacy Washington Mutual assets. The MSRs and subservicing are from recent negotiations with new and existing clients.

Regards,

Rich

RICHARD DELGADO
SVP, Investor Relations & Structured Finance
8950 Cypress Waters Blvd.
Coppell, TX 75019
(O) 214.687.4844
(M) 561.628.1331
(F) 214.488.1457

-----Original Message-----

Sent: Wednesday, August 15, 2018 11:28 AM
To: Shareholders <[e-mail]>
Subject: 65 Billion MSR

This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Hello,

WMIH is expected to board 65 billion in the second half of this year in MSR’s and sub-servicing. Could you please divulge the source of these MSR’s? Are they in anyway related to Washington Mutual Inc., the parent company of WMB? Also, are they related to WMB? Thanks and I look forward to your response!

[iPrelude]

Similarly, the Company is in discussions with the Executive Office of the United States Trustees concerning certain legacy issues with respect to bankruptcy servicing practices. In connection with these discussions, the Company is undertaking certain voluntary remediation activities with respect to loans at issue in these matters. While the Company and the Executive Office of the United States Trustees are engaged in discussions to potentially resolve these issues, there is no guarantee a resolution will occur. Moreover, if the discussions do not result in a resolution, the Executive Office of the United States Trustees may seek redress through litigation or other proceedings and seek injunctive relief, damages and restitution in addition to the remediation activities, which could have a material adverse effect on the Company’s business, reputation, financial condition and results of operations. However, the Company believes it is premature to predict the potential outcome or to estimate the financial impact to the Company in connection with any potential action or settlement arising from this matter, including the voluntary remediation activities undertaken and to be undertaken by the Company.

{ https://www.sec.gov/Archives/edgar/data/933136/000093313619000069/mrcooper0930201910-q.htm }

This is the same words from 2019-11-01, so absolutely not connected with the end of chapter 11

[PickStocks]

Well he did sidestep a lot of questions one thing very clear is the free shares he gets