Replies to post #634138 on Mr Cooper Group Inc (COOP)

[Petewamu]

Question boardork, wasn’t something written along time ago that said the existing company would be entitled to 5 % of the magic pot that remains. Along time ago there was some discussion about this. Wouldn’t MR cooper be entitled to the 5% pot ? Including the use of the NOL

[2221]

Thank you for sharing your work .now There are 14 legacy WMI cusips still ACTIVE, not Matured and not Liquidated - that is 14 ongoing securitizations. Is there any date /way to know when thay rech maturity?

[JusticeWillWin]

Not correct, COOP IS former WMIH, not a sub. Everything stated on COOPs web page. Also your statement that the merger docs say WMIH is the surviving entity is wrong. WMIH used a sub Wand Merger Corporation, which merged with and into Nationstar, with Wand Merger ceasing to exist. Of course WMIH was then the parent of Nationstar and still existed. The renaming of WMIH to COOP was some weeks later, so OF COURSE the merger documents only could talk about WMIH, since COOP did not exist at that time.

See https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158468203

to those who released. Read the 40 ISIN codes registered to an "ACTIVE" and "Fully Corroborated" corporation name WMIH CORP. And then research ISIN code deciphering to determine the bond cusips contained within each ISIN code. Then research each bond cusip with an appropriate database - it took a few searches to find one comprehensive enough to list them all (A.N.N.A.)


There are 14 legacy WMI cusips still ACTIVE, not Matured and not Liquidated - that is 14 ongoing securitizations. IF you released, you released to get legacy WMI product. Your escrow tracking marker cusips are your proof of your % portion released.

Why would COOP get any of that? Did COOP release? nope. COOP came years after people released and WMIH reorganization started. COOP was late to the party.

COOP is the mortgage servicing unit of parent WMIH CORP, as now shown and proven. Not to mention the Natioinstar merger docs always stated that WMIH CORP would be the surviving entity.

I happily own COOP, but COOP isn't getting legacy interests, thanks for the laugh.

[LuckyPanda]

Also, if Coop is set to gain anything from these legacy assets, they are required by sec rugulations to disclose this as a public company. Imagine all the shareholder lawsuits that will be going on for those who bought and sold Coop prior to them receiving legacy assets. I highly doubt it.