Market Data 
Markets
Replies to post #222080 on Mr Cooper Group Inc fka COOP
Total equity capital fell by $44.2 billion (3.3 percent) during the third quarter. A $14.6-billion decline in other comprehensive income, driven primarily by unrealized losses on securities held for sale, was a significant factor in the reduction in equity, but most of the decline stemmed from the accounting effect of the failure of Washington Mutual Bank (WaMu).2
2. Prior to September 25, 2008, Washington Mutual FSB of Park City, Utah, an insured institution with $46 billion in assets and $29 billion in equity capital, was directly owned by Washington Mutual Bank of Henderson, Nevada. Under accounting rules, the subsidiary institution’s assets and liabilities were included in the consolidated financial data reported by the parent institution, resulting in double-reporting of some of the subsidiary’s financial data. The direct ownership relationship ended with the failure of the parent institution during the third quarter, at which point the subsidiary institution’s financial data were no longer double-reported. [2]
AI
