Replies to post #635168 on Mr Cooper Group Inc (COOP)

[mufa]

100% you are right about it. Remember they should get 2,5% from the interest accumulation

[LuckyPanda]

Lodas, I agree. That easy low interest bridge loan to WMIH, a company with no revenue, to purchase Nationstar was very suspicious. If I had no income, and walked into a bank, and ask them for a bridge loan to purchase an apartment building, with no money down, other than the prospect of having future rental income from that apartment building, I dont think I would every get approved for $2.7M...So how did WMIH get approved for $2.7B? Its very suspicious because if WMIH was entitled to any potential future income from those remote BK assets, it would need to disclose that as a public company.