Mr Cooper is a 100% subsidiary of WMIH which is the holding company. Its not Mr Cooper NOL it is WMIH NOL contingent that the existing capital ratio remain intact. The results of the subsidiaries are rolled up into the consolidated statement provided by the holding company.
Yeah, there are things that offset the Nols however wmih could have used them when they stealing 11 million in bad investment. However if you look at the notes in the only audited financial the nol was worthless as they stated. Their words.