~ Well Done John ! ! ... then, COOP', the Acquired Loan Servicer, (NationStar LLC, and a "registrant") was simply a necessary mechanism ~
NationStar was Acquired in 2018' merely' renamed, as "Globic" was being completed in DC (with WMB Note Cusips Listed ! ! ) ... and then, in March 2019, the last attempt(s) to disrupt the Judges Plan; ... were filed'
and as we've discussed, ... "the big boy WMCT2001( CMBS)" ... was NOT involved in the WMI Holding Company's, Filing for Chapter 11, or WMI's Reorganization ...
Just my own opinion for MANY Years, ... "the big boy" ... was the posit' ... 10 billion dollars, with 2.5 billion originally used as a debt offering ! ! (freed up when the Run-Off Notes were paid off early, by the Preferred Managing Sub) ... and ... available, now after a WMI Reorganization, as long as the Newco' maintains a minimum of $50.00 pps ...
During The COOP Share buy back program, ... the pps has been volatile, however, once COOP resets, by reconstituting 36million shares (ish), and back to its original 100 million shares, ... and ... holds at a minimum of $50.00, the debt allowances will be released and available' after a short period of stability' ... My Opinions' ...
... "the big boy WMCT2001( CMBS) are beneficially owned by WM commons" ... Correct ! ! ... the Original Plan 7' Released Commons ...
... The Preferred Managing Sub, ... Also Not Considered during the BK, ... and ... Active and Researchable (Cash in / Cash out) For Many Years Beyond The 2012 Reorg. ... it's contents belong to a Releasing P' Fixed Income Bond ...
just sayin'
AZ
Bullish