Replies to post #687394 on Mr Cooper Group Inc (COOP)

[Nightdaytrader]

AZCowboy, ok, as you said below, the "company" has controlled all the Preferred Managing Sub earning returns and use of funding. Ok, I got that. Thank you very much.

So if they used the money for run-off notes and KKR, then when you say preferreds are toast, are you saying that we preferred escrow owners are getting nothing back? Or maybe, just because the company used the Preferred Managing Sub's money, maybe they will give us something else (e,g, preferred stock, cash from elsewhere)?

A simple question for you because I am still trying to understand your bottom-line. Are WAMPQ escrow holders getting something back?

Thanks for helping me understand.
ND9