Replies to post #644358 on Mr Cooper Group Inc (COOP)

[PickStocks]

This may be true, but it only affects poop. Still the cash dividend and trusts are separate from poop business

[Myplace]

Hi AZ, Something you said I caught it the first time during the holidaze and meant to return to it....but it's quite interesting to think about.



"... the SECOND Ownership Change ? was only able to issue "Secondary Dilutive Shares" ... or "Common Shares" in COOP' (privately) ... think about that' ... it's a big deal

AZ "

Yup...

So, Coop is just a SUB of WMIH and it's Sub's ... And coop being a servicer if they want to service POP's stuff has to buy or rent those mortages ( FROM US, Owners of WMIH because I own escrow shares :) )

i think I like...

As AZ says,
Don't have to be the smartest person on the MB, Just Smart enough to SEE WHO IS THE SMARTEST around...

[AZCowboy]

~ Hello BoardDork, Yep, That 2nd WMIH Ownership Change and the 2nd WMIH Private Rights Offering Happened' ~

... it looks like WE' aren't the only ones that have realized that "WMIH" is and remains the actual Parent Corp' ... merely trading as symbol "COOP ... (LOL) ... and' that obviously, the Asset Values of WMIH (and its subsidiaries) were always and remain quite valuable' ...

Here's a thought ... (premised on the SEC filings as always) ... the Cap Trust was always a separate consideration ... with interest generation back to the common shareholders' @ .05375 per the Disclosure Statement ...

However, ... also, per the SEC Submissions, ... the WMI "P" Preferred were managed within a WMI subsidiary ... so again, per the SEC submissions, ... WMI obviously has now transitioned into "WMIH", ... so after following the process forward, it appears that any interest income earned, has also been counterbalanced and has been also been being utilized for the interest costs' and coupons owed and being paid back to the WMIH A & B's that were issued ... and those coupons are retroactive' ... it caught my attention' ...

(it looks like the interest income generated on an annual basis, by an original WMI, now a WMIH Preferred', was being sucked out as quickly as it had been coming in, now, with those coupons having been stopped for the time being, but will soon need to be paid back to those same A's & B's issued retroactive') ... amazing'

AZ