Replies to post #644556 on Mr Cooper Group Inc (COOP)

[jjflash49]

I still feel like I missing something. Reading this it seems the Ps interest and ultimate value is going to WMIH not the escrow holders. Thoughts?

[boarddork]

Thanks AZ - that helps to understand the process! Now from there I'm trying to get my arms around these details and marry it into the big picture going forward here.....

Trying to figure out how A&B Prefereds before their conversions to all Commons, was allowed to (or were they in addition to?) whomever WMI was originally issuing dividends to off the P preferred originally?

In other words did old P preferreds cease to exist at the start of WMI's 2 Chapter 11 BKs, and then in later after BK Re-org, did those former dividend interest incomes start paying out only to the new WMIH Preferred A&Bs?

How the heck could original P Preferred who released get bypassed by new A&B Preferreds at that time without addressing those who released their old P Preferreds?

Thanks AZ. Connecting the relationship dots between what I know to be there asset wise, to what those who released show as % ownership tracking markers, is so #$% murky.