Mr Cooper Group Inc (COOP) Quote

For some people it will take 40 years to get it... It will be to late for them by then...

Ron, if the Libor lawsuits are about CDS losses why is the FDIC initiating it. I thought Libor losses being sued are on behalf of the failed banks that suffered. Unless Wamu owned the CDS the receivership lawsuits should not be on behalfnof the CDS purchasers.

Maybe he will share with you the napkin math...

Twists...it was not I saying I was friends with Doreen...friends on the inside...called an accredited investor...knows all over everyone else....got caught in lies that coop needed a reset...check your sign releases..the list goes on....these statements were you making this stuff up..no need to twist anything...you are doing a great job of that all by yourself....coop is looking great!!!!

Because the Credit Default Swaps

Haven’t Covered The MBS/RMBS Trusts Losses yet.

That is what LIBOR is all about.

According to the FDIC “WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”

• Globic; DB as Trustee for ~$625 Billion WMB RMBS.
• $13 Billion in WMB EURO Notes.
• $4 Billion TPS.
• $3 Billion Series R.
• $.5 Billion Series K.
• Other?

That accounts for $645.5 Billion.

$2,000 - $645.5 Billion is unaccounted for. Sort of!

The MBS pools were over stuffed with loans. Therefore the bank WMB never needed to supply put-backs to the pool.

The WMI senior notes were simple debit and not backed by assets and paid.



Ron

Solvency Certificate To Facilitate NSM Merger - NOTICE WORD-SMITHING TO OBFUSCATE BILLIONS IN ASSET DISCLOSURE

NOW THINK HOW MANY MORE BILLIONS ARE LEGALLY HIDDEN

WaMu Holy Grail - Akim Gump Discuss Assets in Court

Restricted Subsidiaries PLUS Footnote 39 ALSO PROVES KOSTUROS IS A DST TRUSTEE

The Following Proves Legally Hidden Monies/Assets- BK Closure 12/21/2019, Then Cases Terminated 1/23/2020 As One Bucket of Potential Returns

1) I see distributions from (DSTs) Delaware Statutory Trusts where Kosturos is the God-like Trustee (see below), possibly routed through DTC/Clearstream then to your Broker as one of the potential buckets

We have been shown that a Delaware WMI DST opened in Amended POR 7 signed by the court on 2/23/2012. We also know that one cannot open a DST without assets/cash, so that is a concrete fact. There is no doubt in my view those investors who signed timely releases by March of the year 2012 will be Beneficial Recipients of a WMI DST or other DST since they own the former WaMu Estate.

As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.

Notice the highlighted pieces below in the confidential filing

https://www.sec.gov/Archives/edgar/data/933136/000119312518045989/d539539dex105.htm

CONFIDENTIAL ANNEX C-I
Form of Solvency Certificate
Reference is made to Credit Agreement, dated as of [•] (the “Credit Agreement”), among [•] (the “Borrower”), the lending institutions from time to time parties thereto (the “Lenders”), and [•], as Administrative Agent.

Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. This certificate is furnished pursuant to Section [•] of the Credit Agreement.

Solely in my capacity as a financial executive officer of WMIH and not individually (and without personal liability), I hereby certify, that as of the date hereof, after giving effect to the consummation of the transactions in connection with the Bridge Facility:

1. The sum of the liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of WMIH and its restricted subsidiaries, on a consolidated basis.

2. The fair value of the property of WMIH and its restricted subsidiaries, on a consolidated basis, is greater than the total amount of liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis.

3. The capital of WMIH and its restricted subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date hereof.

4. WMIH and its restricted subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations beyond their ability to pay such debts as they become due (whether at maturity or otherwise).

For purposes of this Certificate, the amount of any contingent liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that would reasonably be expected to become an actual or matured liability.

IN WITNESS WHEREOF, I have executed this Certificate as of the date first written above.

***The Infamous Footnote Number 39***

[b]"FINAL REPORT OF THE EXAMINER
JOSHUA R. HOCHBERG
Court Appointed Examiner

Equity undertook a preliminary solvency analysis based on the limited information made available by the Debtors. Equity noted that a final analysis of solvency would require a detailed review of WMB s loan portfolio, which is not available to Equity and was also not reviewed by the Debtors. The Examiner in this Report has an analysis of solvency, but he also did not conduct a review of the loan portfolio."

MORE THAN LIKELY, THE LOAN PORTFOLIO ASSETS ARE BK REMOTE, SAFE HARBOR PROTECTED
_______________________________________

Also One of My All-time Favorites – The WaMu “Holy Grail” – Your Honor, The Assets Will Still Be There – The EC Can Go After Them Later

We also have in there part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained ASSETS.

Now, it's my position, Your Honor, that the examiner doesn't need to do much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.

...

Yep it’s the one thing that is present.

JHD

Hoping and praying it keeps up. A few months of this would be A-okay! Rocket to the moon!!!!

Closed @ 146.52,excellent week so far !

~ Well, … since bbnnn, takes credit for everything LOL, and toothpick twists what’s left, … I’ll watch the ChatRoom for awhile ~

… back in a few days …

AZ

🚀RKT @ $14.19 now====>COOP should be @ $154 now

11 x $14.19 - $2 special dividend for COOP shareholders when the RKT deal closes = $156 - $2 = $154

the other question I have is, if the trusts are close to finishing all the loans but not quite there, but is net cash positive, why doesnt it just liquidate the rest by selling the remaing loans off to another bank?

Thank you BD. I hope the sale of Coop is a sign that the remote bk trusts are close to the obligatory payment point. Could you clarify the 90% rule for me? I think I know what it is. I'm assuming the trusts are obligated to pay out if 9p% of its assets are in cash? Is that it?

LOL
'' “Off Balance Sheet” Financially Producing Assets’, … Are and Always Have Been’, Totally Separate from the FDIC’s Seized WMB … WMI’s Bank …""

ALways have been and have always said , we won't see squat from WMB, but the point is that the FDIC still has to force JPM to pay for what they took that they SHOULD NOT HAVE TAKEN (OR WERE GIVEN BY THE FDIC) that was WMI's and WMI still has a claim against the FDIC for the 22 bill WMI loaned WMB.
SO I still suggest in spite or your""" WRONG WRONG WRONG""", that they will take care of those issues and collect the moneys and pay out at one time all that is owed rather than over time and you even agree and said SIMULTANEOUSLY, so where is the big upset coming from

Thank you. But can't you tell us where to look?

And what do you think will trigger the release of the funds to escrow holders?

~ Fair Enough SunShine … I wasn’t completely sure either until I was told “Where To Look” … I DID and … Holy Crap’ … there it all was, and then, also verified by the 10-K’s ~

WMI’s “off balance sheet” assets … zero to do with WMB or the FDiC … separated issues

AZ

AZ, if those of us who are escrow holders own the assets, how can they legally be hidden from us? I don't understand how that can work.

Also, what event(s) do you see triggering the release of funds to escrow holders?

👉👉Mr. Cooper Group COOP is a 100% BUY @ barchart.com

=====> https://www.barchart.com/stocks/quotes/COOP/opinion

~ “NO” … Wrong, Wrong, Wrong ! ! … The Always Secured WMI 2012 Reorganization’s “Off Balance Sheet” Financially Producing Assets’, … Are and Always Have Been’, Totally Separate from the FDIC’s Seized WMB … WMI’s Bank … ~

It is my opinion that, … the Rocket transaction, cleans everything up by acquiring the 2018 NationStar … the WMIH 2018 acquired Sub Group … the necessary tools … good riddance to COOP

Stop This, it’s NOT correct
I wasn't asked but will respond

AZ

It's often difficult to decipher your writing.Honestly, I don’t understand why; however, I do know that reading comprehension is challenging for some.

I believe the merger will happen. I don’t believe Trump cares about Rocket buying COOP at this point. He’s got enough on his plate.

JHD

It's often difficult to decipher your writing. Are you saying that you somehow perceived from my response that I think this merger will be stopped? How on Earth do you get that impression from what you quoted there? I don't think this merger will be stopped, especially not by this administration.

Do you really think that the current administration's DOJ, SEC, or FTC is going to stop this merger?You seem to imply that you do, however, I have no clue!

I wasn't asked but will respond

""5) once they are able to release their accumulation of interest, … ALL nine Trusts will release their financial accumulation simultaneously,""



Basically imho when all monies are returned such as JPM's required payments of book value and when the FDIC and WMI settle the 22 mill that WMI had loaned to WMB is returned and our claim(WMI's) is satified and the "R" is closed down and the ADMINISTRATIVE HOLD is released, Just as CBOA9 indicated

Why would they issue partial pieces or bits and pieces in multiple distributions and not wait for everything to have come back and then disperse.

ALL IMHO

Also one has to wonder if any of the loans are still being paid off that are going to WELLS FARGO, that we may aslo have to wait for those to be paid in full, again why make partial payments over yrs when they cna just wait for the loans to be paid of and make a single distribution versus many over time ONE WOULD EXPECT THAT THERE WOULD BE VERY FEW LEFT THAT ARE STILL PAYING OFF THOSE LOANS AFTER ALMOST 18 YRS

Thanks. What will trigger #5?

~ Well, … I would have stated this in a different manner ~

… ALL nine Trusts (cusip specific determinative) … function in the same manner …

1) only 3 of the Nine, are cusip applicable to a WMI 2012 “Release to Participate” Document, dictating ones amount of individual retail’ ownership of WMI’s equity …

2) none of the nine ever converted to an “originator”

3) none of the loans eliminated were ever able to be replaced …

4) servicing fees and interest accumulation was set up to not need to be SEC reported by WMIH …

5) once they are able to release their accumulation of interest, … ALL nine Trusts will release their financial accumulation simultaneously,

The WMB Note / Euro Bonds, … and the LBHI class 10b CT’s function in the same manner, plus some other WMI affiliated financial entities …

AZ

BD
In response to the following he said, "THEY HAVE TO DEAL WITH US FIRST"
""AZ has shared years ago with us in his research on the 90% rule with these Trusts."

The question remains whether or not the government will allow this transaction to happen. There is rumbling in Congress that should be of concern.

Do you understand how the government stops mergers? Congress doesn't do it. Only the Executive Branch agencies can do it. Do you really think that the current administration's DOJ, SEC, or FTC is going to stop this merger?

It definitely won't be stopped because some Democrats complain about it. The only way this administration would stop this merger is if it becomes a danger to rich people making more money.

Thanks for the warning, though. (Even though I see it as just another example of Believers offering up false hopes for each other.)

144.xx in the books! 281,000 shares traded already in the 1st hour.

🔥🔥LATEST $COOP PPS targets==>Barclays:$147, Compass Point:$146, UBS:$145, Piper Sandler:$143, KBW:$143, DEUTSCHE BANK:$137, JMP Securities:$115, Wedbush:$115

I'm more excited about Mr Cooper hooking up with RocketThe question remains whether or not the government will allow this transaction to happen. There is rumbling in Congress that should be of concern.

Some people clearly know bullshit inside and out – they prove it with every single comment they make

Correct.. it is all speculation. Now, perhaps it’s magic money, quiet money, fall from the sky
Unicorn money… BUT the one thing you have is the news release that states that rocket is buying Mr. Cooper group and Mason Morfit, who was a big player in Microsoft has bought more and increased his position to almost 10%..

Those are telling things

JHD

Wowest Walter's thinks he is a follower but only when it suits him....

Where you you live....take the plank out of your eye....tell everyone the truth....tell everyone your truth how old escrows are guaranteed a distribution. Love to hear what you think the truth is....

Even if coop reaches above 600..... where does it say that P's will be satisfied or even a distribution will happen.....

COOP isn’t the Answer to Class 19 Claims.

COOP needs to reach PPS of $606 to satisfy just one face value for Series R Preferred.
I have already answered the question.
Retained Earnings, +2.5X.
DOCUMENTED.

COOP is COOP only.
The Great Story isn’t COOP.
Yes I own COOP shares.

COOP isn’t the path for legacy equity redemption.

WMIHC the Former.

WMI with ~$375 Billion in performing assets.

JPM lost.
41.6 “Willful Misconduct”.



Ron

If you want to live in truth or you want to live in lies, that is your choice.
That's rich: one of the believers talking like he thinks he knows what the truth is.

If you want to live in truth or you want to live in lies, that is your choice. Where do you live pick?

JPM lost.....first they force a bk....took the assets...took 30 billion...then 11 billion..and then some...finally they are still operating and WMI.....done....yeah JPM lost..

Relax Panda. WMI/WMB Won. JPM Lost.

The pay date is coming. No other choice.

The ACORN Attorney is not in control anymore.



Ron

Your quote: ".... if there is no clawback risk of release, is it not obligated to release the fund for the benefit of the legacy owners? "


Yes, They are legally obligated to release withheld funds upon certain trigger points, as AZ has shared years ago with us in his research on the 90% rule with these Trusts.

The FDIC receivership did interrupt WMI's investment tool WMB and its handful of bank orgination and servicing subs for these Trust beneficiaries, from fulfilling its role in managing and maintaining these Trusts. Reorganized WMI needed a new 'tool' to unlock the ongoing legacy trust assets, and that Tool was/is Nationstar/COOP. This is why WMIH bought/merged with Nationstar, with WMIH the Parent surviving the transaction, and COOP the registrant doing the work that WMB used to do for WMI.

WMIH the Parent selling it's Child corporation registrant COOP (Nationstar), is to me a sign that the need for an interim originator/servicer Tool is no longer necessary for these Trusts, because they probably reached the original projected conclusion - that these Trusts have been wound down over the last decade plus, to where accumulated distributions have to be made, or there are legal tax and structural consequences that could be fatal to the trusts.

And we who released to receive legacy beneficial income interests out of BK, do ride coattails with far more powerful investors than us. I sleep well knowing that when they get paid, peons like me get paid. Nobody's gonna let that kinda money escape over failing to abide by the legal Trust requirements such as the 90% rule.

Well, it would have to happen before the buyout because once that happens, it’s gone.

JHD

I would love if an escrows payment would finally come to fruition. But personally, I'm more excited about Mr Cooper hooking up with Rocket than I am fantasizing about escrows.

thank you LG.....do you believe the PAPER/STOCK would be COOP ???? Thats my feelings too STOCK !!!!!!!! that hides everything .....but a $2/$3 cash bonus would be nice also too.....and i believe that's very possible too.....thanks again

IMHO i see a 1 for 1 escrow to COOP shares

2 for 1 is ok too...................

Suspect COOP is up due to prospect of F&F release from Cship.

DG, I believe there may be two components, which would be paper and a small cash outlay, but 90% will probably be paper/stock and possibly a private security offering to those who signed timely releases. No reason to comment on the amounts other than to say this will be life-changing for those who signed timely releases by March of the year 2012, in my view.

...

BD, thank you for your thoughtful response. If you are correct and FDIC-R has no claw back rights to the remote bk assets, then is there a beneficial reason for the legacy owners of the trust to have delayed the distribution all these years? Is there a reason the trust couldnt have made a partial distribution luke a few years ago?

As trustee, if there is no clawback risk of release, is it not obligated to release the fund for the benefit of the legacy owners?

LARGE....MAGIC MONEY....

IYO HOW are YOU thinkin this saga wiil play out ???

CASH in accounts ????

HOW MUCH YOU THINKIN ???

SHARES of COOP ??? As payment ???

Your thoughts mean a lot to many here...thank YOU !!!!!!!!!!!!!!

".as some have said.....there is nothing left to block any distribution if there is some.....the FDIC is not the one blocking anything if there is something."

Do the Bonds have to be taken care of, in some way, before P's, K's and U's (Lower Classes) get paid?