Replies to post #726444 on Mr Cooper Group Inc (COOP)

[ron_66271]

Yes Plan 6 vs. Plan 7.

“THIS SUGGESTS THERE WERE TWO KIND OF LTIs ONE TYPE CLAIMS & ANOTHER TYPE EQUITY.”

AAOC Plan 6 LT came under the control of the Equity Community.
The EC carved out sufficient funds from the Plan 6 LT to pay the Creditors and presented Plan 7 to the Court, proving that equity would satisfy all creditors.


What lives in the Plan 6 LT?

• 363 Sales assets described in the Equity Community Presentation of which $20.78 Billion is known as the Retained Earnings.

• WMB receivership claim.

• WMIIC ABS assets.

• Other WMI assets;
1031 Exchange,
Citation,
H. S. Home Loan,
Exhibit H.
510(b).



Ron