Mr. Cooper (COOP) 8-K Regulation FD Disclosure

Exhibit 99.1

WM MORTGAGE REINSURANCE COMPANY INC.

UNAUDITED CONDENSED BALANCE SHEET

AS OF NOVEMBER 30, 2012

(in thousands)

	MODIFIED GAAP BALANCE SHEET
ASSETS
CASH & CASH EQUIVALENTS		31,490
INVESTMENTS		9,420
INVESTMENTS HELD IN TRUST		220,773
ACCRUED INTEREST		1,458
REINSURANCE PREMIUMS RECEIVABLE		1,307
TOTAL ASSETS		264,448
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES:
ACCRUED EXPENSES		140
ACCRUED INVESTMENT EXPENSES		44
ACCRUED ADMINISTRATIVE FEES		110
ACCRUED CEDING FEES		133
UNEARNED PREMIUMS		237
LOSSES PAYABLE		3,137
LOSS RESERVES		66,933
IBNR		2,187
CONTINGENCY RESERVES		41,418
TOTAL LIABILITIES		114,339
STOCKHOLDER’S EQUITY:
CAPITAL STOCK		1
PAID-IN CAPITAL		16,659
ADDITIONAL PAID-IN CAPITAL		53,220
CONTINGENCY RESERVES		(41,418	)
DIVIDENDS PAID		(10,250	)
RETAINED EARNINGS (ACCUMULATED DEFICIT)		130,886
NET INCOME (LOSS) - YEAR TO DATE		1,011
TOTAL STOCKHOLDER’S EQUITY		150,109
TOTAL LIABILITIES & STOCKHOLDER’S EQUITY		264,448

WM MORTGAGE REINSURANCE COMPANY INC.

UNAUDITED FINANCIAL STATEMENTS

CONDENSED STATEMENT OF OPERATIONS

FOR THE PERIOD ENDED NOVEMBER 30, 2012

(in thousands)

	MONTH TO DATE			YEAR TO DATE
UNDERWRITING INCOME:
ASSUMED PREMIUMS WRITTEN		1,245			19,105
CHANGE IN UNEARNED PREMIUMS		37			192
NET PREMIUMS EARNED		1,282			19,297
UNDERWRITING EXPENSES:
LOSSES PAID		3,137			44,744
PROVISION FOR LOSS RESERVES		(1,823	)		(27,144	)
PROVISION FOR IBNR		565			66
CEDING COMMISSION		134			2,176
TOTAL UNDERWRITING EXPENSES		2,013			19,842
UNDERWRITING INCOME (LOSS)		(731	)		(545	)
GENERAL & ADMINISTRATIVE EXPENSES:
MANAGEMENT FEES		12			195
ACTUARY CONSULTING FEES		35			262
AUDIT FEES		0			268
LEGAL FEES		3			82
ADMINISTRATIVE FEES		110			923
BANK SERVICE FEES		0			21
TOTAL GENERAL & ADMINISTRATIVE EXPENSES		160			1,751
INTEREST EXPENSE
IINTEREST INCOME		2			18
INVESTMENT INCOME - CORPORATE BONDS		300			4,631
INVESTMENT INCOME - MBS BONDS		39			691
INVESTMENT INCOME - US AGENCY		190			2,641
INVESTMENT INCOME - US TREASURY		0			1
INVESTMENT INCOME - FOREIGN ISSUE		52			875
BOND AMORTIZATION - CORPORATE BONDS		(86	)		(1,235	)
BOND AMORTIZATION - MBS BONDS		(1	)		(5	)
BOND AMORTIZATION - US AGENCY		(12	)		(321	)
BOND AMORTIZATION - US TREASURY		0			0
BOND AMORTIZATION - FOREIGN ISSUE		(12	)		(302	)
INVESTMENT EXPENSE		(44	)		(435	)
GAIN/LOSS ON SALE OF INVESTMENT		51			2,827
FAS 159 GAIN ON TRADING SECURITIES		(144	)		72
NET INVESTMENT INCOME		335			9,458
GAIN (LOSS) ON COMMUTATION		0			(6,151	)
INCOME (LOSS) BEFORE TAX PROVISION		(556	)		1,011
CURRENT FEDERAL INCOME TAX (BENEFIT) EXPENSE
PROVISION FOR DOUBTFUL INCOME TAX RECEIVABLE
DEFERRED FEDERAL INCOME TAX (BENEFIT) EXPENSE		(195	)		354
CHANGE IN VALUATION ALLOWANCE		195			(354	)
FEDERAL INCOME TAX EXPENSE
NET INCOME (LOSS)		(556	)		1,011