Washington Mutual Holding Inc. Is Where the Assets Resides.
Washington Mutual Holding Inc. broke away from WMIH with the “Eclipse” merger. That’s how the Non-Debtor Subs where moved away from the trading stock. COOP doesn’t have these Subs.
Washington Mutual Holding Inc. is holding the WMI Non-Debtor Subs that have become active and are worth about $30 Billion and it owns the Pay Point for WMB and other sources of revenue and distributions.
I can list five.
Sorry; 75/25% ended with the Retained Earnings.
COOP has 300 million shares authorized, and can authorize more.