Replies to post #726568 on Mr Cooper Group Inc (COOP)

[Ray_137]

Any idea how much they were paying KKR.

[Boris the Spider]

Boarddork, I get all that.
I just dont see the P issue not being addressed in any COOP distribution since WMIH owns/is COOP. IMO
We shall see as this unfolds. If it unfolds.

[AZCowboy]

~ This Is Correct ! ! ... "COOP" ... the mr cooper group, (NationStar) was "Acquired" by WMIH back in 2018 ~

some ol' cactus tweeks in red;

COOP doesn’t own legacy (Original Plan 7' Released WaMu / WMI Holding Company) P preferred assets. (CORRECT)

WMIH owns COOP, (YES) and

WMIH separately owns (Original Plan 7' Released WaMu / WMI Holding Company) P preferred assets. (CORRECT)

COOP (frmrly nationstar) can’t own (Original Plan 7' Released WaMu / WMI Holding Company) P preferred assets without paying for it…

COOP, by way of NationStar LLC, the Singular Operational Sub being reported to the SEC, Can Only Service the Loans within the asset backed security's, that WMI / WMIH originally financially participated in

and I don’t know if that’s even ever gonna be on the menu. (... THAT ? ? WILL BE ULTIMATELY UP TO (XXXX) ... )

(Original Plan 7' Released WaMu / WMI Holding Company) P preferred assets are instruments for WMIH (legacy WMI) benefit. (CORRECT)

Remember that’s how WMIH paid KKR’s preferreds A & B among other things. The Preferred Managing Sub, BOTH Pre BK and Post Reorg. SEC Document Account Verified, and Functioning Cash In and Cash Out Many Years Past the 2012' WMI Reorganization (sorry lodlod, but its verifiable just for the looking)

But KKR has been paid off years ago, and WMIH’s P preferred managing sub, has been storing the income ever since (CORRECT, WMIH's Preferred Managing Sub, Showing its Payments of $18million per quarter to KKR the 3% coupon, and then used to Pay-Off The Run-Notes Early, With the Cash InBound, Continuing All Along)

... AND ?, ... That is ONLY The P's ... Yeppers, The WMI to the WMIH Preferred Managing Sub' ... and there's a whole lot more happening

ADDED: Original Plan 7' RELEASED WMI COMMONS, ARE KINGS ! ! ... the Original Plan 7' RELEASED WMI P's ARE FINANCIALLY SUPPORTED ! !

the initial transitioning of the loans to be serviced was the $165billion dollars ...

just sayin'

AZ