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Newflow, do you have a link to the Amended Liquidating Trust Agreement? Is this the same one that was filed 12/19/2019?
COOP BOD:"Looking ahead to the SECOND QUARTER, the with approximately another $100 billion in UPB scheduled to board, again, split between MSRs and subservicing."
From: https://www.fool.com/earnings/call-transcripts/2024/04/24/mr-cooper-group-coop-q1-2024-earnings-call-transcr/
ASSETS PROVEN BY COMMON SENSE…COMMON SENSE
Newflow, you said the following.
"RESTATED AND AMENDED LIQUIDATING TRUST AGREEMENT IS BEHIND CURTAINS FOR SEVERAL REASONS,IMO".
——————————————-
Explain one good reason for the RALTA to be restated, amended and litigated to prevent contents from being shown to the very investors who invested in this if it were NOT for assets/monies in one form or another?
Actions can be very telling and this tells me there will be distributions at some point relatively soon!
…
Here are some FACTS, to offset some of the FICTION commonly found on this board...
STRIKE... 1. Chapter 11 cases closing request was made in Dec 2019 and approved in Jan 2020.
2. Same motion, requested the appointment of two administrators replacing everybody, including Trust Advisory Board(which had 4 equity members).
3. Initiated the dissolution of the liquidating trust.
4. Same motion, it was mentioned that the debtors and the court were waiting to reconcile the remaining claims(Class 19 thru 22) and monetizing assets.
5. In Dec 2021, on behalf of cancelled WMILT released an FAQ by somebody stating that the administration was continuing.
6. On Sept 25th,2023 WMILT closed its account with WA state Department Of Revenue.
7. WMB receivership is still open and the claims/obligations of FDIC towards WMI abandoning its equity interests in WMB
"provided, however, for the avoidance of doubt, WMI and its chapter 11 estate do not hereby withdraw or release any claims asserted by WMI as a creditor of WMB against FDIC, in its capacity as receiver for WMB or in its corporate capacity, on account of WMI’s status as a creditor, and do not withdraw or release any rights under the Global Settlement Agreement, "
https://www.sec.gov/Archives/edgar/data/933136/000090951812000125/mm03-2312_8ke991.htm
8. Did you read what Mr. Folse said in the court that $33 B would be paid by somebody down the line?.I believe that there will be a payment.
HOW THE ESTATES ARE MONETIZING ASSETS IS THE KEY, IMO.
QUESTION TO YOU: DOES IT MAKE ANY SENSE TO APPOINT 4 EC MEMBERS TO TRUST ADVISORY BOARD WITH NO EQUITY INTERESTS?.SENIOR NOTE HOLDERS ENTERTAIN EVEN A SINGLE EC MEMBER IF THEY HAD CONTROL?.NEVER,IMO.EC TOOK THE CONTROL.THEY WANTED AT MINIMUM THE CONTROL OF WMILT AFTER CLAIMS WERE PAID WHICH HAPPENED IN FIRST HALF OF 2020, ADMINISTRATORS JUMPED IN.
"RESTATED AND AMENDED LIQUIDATING TRUST AGREEMENT IS BEHIND CURTAINS FOR SEVERAL REASONS,IMO".
You are not on thin….please post anything you want..
If there was money on the table….especially with that type of money ….do you honestly think a law firm would walk away from it…..
have you ever thought that after 12 years since the chapter 11 closing that WMIH, now Coop, if they had money that THEY DONT WANT YOU TO HAVE IT??????????????......WMI made it very clear in all their filings that any estate , if any, belonged to THE REORGANIZED DEBTOR!!!!!!!!......the fact is that there is no residual estate as seen by the 2013 WMIH forensic accounting done by independent auditors who stipulated that the company was worth a mere 71 million dollars, and that the results of the audit was vastly different than what the figures were when discussed in court....all posts on this message board are speculations since the chapter 11 closure.......it reads in part... All common and preferred shares were cancelled and extinguished, an all rights to dividends under the prospectus are null and void.... now, what dont you understand about that official statement filed to the sec, and the U.S. Bankruptcy Trustee?.....Lodas
👉👉👉LATEST $COOP price targets==>Wedbush:$100, Compass Point:$97, Barclays:$94, KBW:$92, DEUTSCHE BANK:$90, Piper Sandler:$88, UBS:$86
Pick, I know I'm on thin ice with hearsay phrases, but if it's true that Garry Denke is said to have estimated the mineral rights at $1 trillion, Susman's statement would be quite in the realm of the possible and even probable ...
Then suckman walked away leaving all that money on the table if true…..
NEW... another ? mark... I'm not certain but remember many saying that since monies were "donated"... the jug was empty regarding future distributions for equity. I wish I had kept better and more frequent contact way back when I had the opportunity in person with many who I could easily have approached with questions when going to more than a handful of court sessions. I was lulled into thinking there was no way the truth would not come out, eventually... never thinking we would be 16 years and still waiting to see a fully audited reconciliation of this fiasco. I know some will say that boat sailed... I say BS. It might have sailed but with the goods in unmarked boxes. All was reconciled and verified for all to see... LMAO. The corruption in the financial markets is mind boggling... watch one episode of GREED and one will understand the breadth of how far some will go to conceal, steal, cheat... remember old Bernie... SMH... how the F could that guy get away with what he did for so long?... for one thing, the SEC is corrupt and has it's share of idiots on their staff... similar to many of our government agencies. Look at what is happening today... regardless of your persuasion... the circus in NY says it all.
Thanks for being one of the few who have reached out and actually tried!!
AIMHO, STRIKE
Roger that RAG... Steve was one of the best back then... he was known for hitting home runs without saying a lot. From what I read about him, he was not known for swinging and then missing. I remember meeting him for all of 5 seconds... I asked him if the Judge knew what she was doing... and he replied... "she does"...
AIMHO & FACT, STRIKE
The solution to all these mysteries may lie in the phrase Susman said after coming out of the judge's back room, namely, "There's too much money involved here.“😉
Roger that JHD!!
STRIKE
Roger that NEWFLOW... I can't help but be reminded about how I felt when I first started going to the DE court hearings... which is how corrupt so many of our government agencies are... DOJ, SEC, FBI, CIA... including our courts... the list seems endless. My point being, I just don't believe this bankruptcy is not riddled with corruption. IMO... the redactions of years ago have covered up some BS that (likely) includes the truth about questions that remain on this board today for which have not been (conclusively) supported by anyone, yet... IMO.
I always thought Rosen was a F rat... and the Judge had strings on attached to her by the crooks... we see that today so often, unfortunately.
GO COOP!!!!
AIMHO, STRIKE
Good morning people, jhd Smart move , money in hand kind of thanggggg, IFFEN it issss as the term whomever uses it“coat tail” again IFFEN ! better to spend more time ,see, feel, touch IMHO.
GOGOOOOOOCOOP
Have a great day people GLTA-Ts 😉
I'm focused on COOP.
Yep!
JHD
Where's your data/info? Care to provide it for us? If you have none, it's not fair to criticize others for theirs...y'know.
yo Boris?..... coattails?....what does this mean?... is this coattails your justification for waiting 15 years for more money from the chapter 11 closure?...does WMIH, now Coop, know about this clothing tailor who will make suits with coattails for former equity holders?....what is the name of this tailor who makes coattails... ? I need a new suit.....
STRIKE... i also contacted Mr. Nelson recently ccd to Mr. Smith,Ms. Logan, Mr.Sargent..etc , Mr. Smith responded that they won't be responding anymore because i was keep on asking the same question to Ms. Doreen, which was not true.I left a voice message to Mr. Nelson, he never responded. I sent an email to Mr. Rosen, he responded that, my question was addressed by WMILT, which was not.MW and HONARABLE JUDGE SOUTHARD presence in these cases are unknown.There are too many unknowns, but one known thing in an SEC filing that THEY THE DEBTORS, THJMW AND THE COURTS WAITED THRU JAN 2020 TO RECONCILE REMAINING CLAIMS(CLASS 19 THRU CLASS 22) AND "MONETIZING ASSETS".PRIOR TO THAT THEY DONATED WHATEVER LEFT OF CREDITORS ALLOCATED MONEY.SO NOW THE QUESTION IS WHAT IS "MONETIZING ASSETS"?. AND WHY WMI LIQUIDATING TRUST RESTATED AND AMENDED LIQUIDATING TRUST AGREEMENT WAS NOT PUBLIC?.SHARE YOUR THOUGHTS IF YOU CAN.
No, unfortunately I still didn't get you.
You write your statement without bringing any arguments on the table ??
Very convincing .
Where do you have this information from that there is no need to do this ?
Did M.Willingham inform you about ?
Ok, then you are welcome to share it with us
Nobody here has paid for a lawyer because there is no need to. Got it?
Coattails
KEY... I also remember speaking to Sergeant one time... he was a bit more open but still, like Justin, was not in a position to (a voice over the phone), to provide me with anything that would answer any of our questions. That is why it was suggested many moons ago for us to retain a lawyer and go from there. Law firms DO NOT just give out information because we shareholders feel harmed and due monies. First of all... they want to get paid first... with a retainer.
Certainly by now... not one person on this board believed it was worth their hard earned money to retain legal advice. Including me.
I'm focused on COOP.
If anything comes because years ago I signed / released... great... my deposit slip is all ready.
AIMHO, STRIKE
obviously you show no respect for my person by continually degrading my user name, and also you did not agree with any points I made to advance the discussion, but only seek a narrow venue to your questions for resolution...the discussion has ended for me until you get some modicum of civility...
Thanks for this reply, STRIKEEAGLE. However, not revealing any information, can mean everything. So this is absolutely no real indication that Mr.Cooper is a subsidiary of WMIH in my opinion. It's of course also the question what exactly you have asked, for which reason you have asked etc etc .. Depending on this you might maybe get further information .. But they could also have thought .. stupid question .. why .. WTF .. is this guy asking me this question when everything is written in the documents ?? So, again .. unfortunately no indication for me .. Maybe further or others could be asked .. maybe for reason as student or whatever ..
loda kb, what is the meaning of MONETIZING ASSETS?.
you forget to sign off as such, must be a pick post, go ahead and delete mods!
again, you are playing the piano between the crack between the keys!!!.... the 2013 WMIH 10-K says that WMMRC liquidated 7 Reinsurance Trusts, as well as WMIIC liquidated assets to place in the WMIL-T for disbursements to Creditors in the chapter 11 reorganization...RIGHT!!!... do you agree on that?... if not, then the discussion ends there...... in addition, WMI states that .......ALL ASSETS REPORTABLE, AND NOT REPORTABLE WERE DISCLOSED TO THE COURT..... do you agree on that statement?.....if not, the discussion ends here.....so, how much money was liquidated from WMMRC, and WMIIC?..... Doreen Logan, a trust administrator says in her E-Mail to CWG (this is the closest admission to the public of any source of information from WMI), that WMI paid out over 1 billion dollars to A/M to restructure the finances to bring WMI out of chapter 11, AND PLACE ABOUT 495
MILLION DOLLARS IN THE WMIL-T FOR DISBURSEMENT TO CREDITORS!!!!!,,,, so, again, WMI liquidated at least 1.5 billion from their trusts holdings...now, JPM got 650 million from the GSA out of WMI estate for soured put back loans... so , thats about 2 billion taken from WMI estate...again, WMI cancelled and extinguished 20.7 billion dollars in shareholders equity to settle the GSA...right?.....so, now we have 2 billion plus 20.7 billion, or 22.7 billion missing from WMI estate... does this number sound familiar?... WMI disclosed in bankruptcy court 32 billion in assets- 8 billion in liabilities, or 24 billion dollars in equity..... my point?... the 2013 WMIH 10-K states that WMIH had 34 million in Trust, not billions as some say on the message board... do you believe that WMIH auditors are going to lie, and publish to the SEC phony documents when THE WHOLE WORLD HAS BEEN WATCHING FOR WHERE THIS TREASURE IS????????.....here is the bottom line.... Kerry Killinger and his BOD ran WAMU into the dirt, and caused the company to go into Receivership, and WMI to go into chapter 11 with a stated equity of 24 billion dollars which was subsequently written off, and whatever remainder was used to pay creditors and fund the A/M for restructuring....WMIH was worth a mere enterprise value of 76 million dollars by forensic auditors who filed the 2013 10-K....this is the "song" that comes out of the piano when they keys are struck properly, and not between the space between them..... read the documents, as they are written, or get a lawyer if you do not agree....by the way, my posting name is Lodas, not loda kb..... show some respect
Remember the REASON for TODAY ""MEMORIAL DAY""
To remember and thank those that GAVE THEIR SERVICE for our freedom.
Some were wounded and some gave all and some came home safely
But they ALL RISKED everything for our FREEDOM, so today pay TRIBUTE to them
LG
The single most important statement IMHO that has been made to date that VERIFIES there is still something left is this one
" YOUR HONOR ,I KNOW ALL WOULD LIKE TO KNOW THE AMOUNT/ VALUE OF THE ASSETS LEFT BUT , ALL THEY NEED TO KNOW IS THOSE ASSETS WILL BE THERE FOR THEM TO GO AFTER LATER"
This was stated IN COURT and ON THE RECORD so this statement CAN NOT BE DISPUTED at all
read the WMIH 2013 10-K.........WMMRC liquidated 7 Trust holding assets to be placed in the WMIL-T, and also WMIIC was liquidated and subsequently closed down..... WMI said in court, officially that " all assets, reportable, and non reportable were DISCLOSED TO THE COURT!!!!!!!....so what was the result of the forensic accounting by independent auditors one year after the chapter 11 closed?.... the company was worth 76.1 million dollars... (2) WMMRC held 34 million dollars in re insurance assets after liquidating the 7 subs... WMIH disclosed a "going concern" warning if they did not find a merger...(3).. there were no ongoing lawsuits to retrieve former assets taken from them..., and much more..... you should read it like I asked you many times, and stop looking for money WMIH did not have... if they did, then why did they borrow 600 million from KKR?... do yourself a favor, read the documents before asking questions no one on this board can answer.... better yet, hire an attorney to read these documents... I dont think either Ron, Boris, AZCowboy, LG , and some others read these documents simply because ron repeats stuff that was already settled 11 years ago....like his favorite RICO lawsuit... it was dumped by the court and taken off the docket when the GSA was signed... much more, but it requires you to read the documents...
ADMINSTRATORS HAD THEIR HANDS ON THE ASSETS THRU RESTATED AND AMENDED LIQUIDATIONG TRUST AND STRTED MONETIZING THOSE ASSETS SINCE JAN 2020.WHO ARE THE PARTIES TO RALTA IS UNKNOWN YET TO PUBLIC.
thanks uptick you answered partly. What is MONETIZATION OF ASSETS ?.
It means exactly what it says... They waited for finalization on these maters.
Your issue, is you're desperately trying
to look past any and all information, to find the hidden non-existent meaning, that points to your fantasy riches.
You will never find something that doesn't exist.
STRIKE,PICK,uptic....CAN SOMEBODY HELP ME UNDERSTAND WHAT IT MEANS?. "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets."
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
JAN 2020 CLOSING CHAPTER 11 CASES.
The employee identification numbers are the same.
Well currently nothing and perhaps never, but there has been talk of perhaps 4.5 x ……. IF 😊
JHD
Roger that NOVA... so much time has passed that the details of such timing have gotten lost in my mind... not hard to understand right?... 16 years... who would have ever thought?... not me.
AIMHO, STRIKE
KEY... I have reached out to Justin and SG three times over the past 10 years... the first time I actually spoke to him, however, he was not willing/able to reveal any information (surprise, surprise)... my 2 voicemails were never returned. I highly doubt anyone in the firm will convey any material information over the phone... that's just not how it works, unfortunately.
AIMHO, STRIKE
Roger that BOB... for those who fought, those who will fight, for those who did not make it back, those who came back injured and for all of those related family members.
STRIKE
OK... I had xx,xxx P markers... how much $ am going to (eventually) receive.?
STRIKE
WMIH Corp, is Mr Cooper Group. WMIH Corp changed it's name to Mr Cooper Group when they completed the reverse split. This has been rehashed a hundred times over, in an attempt to add fantasy to fantasy. The fact WMIH Corp, is Mr Cooper Group, is unfortunately, just one of many facts the deleted escrow unicorns are in denial over.
All of these questions have been answered again and again and again in official SEC filed documents such as COOP‘s 10Ks.
Anyone claiming that these doc are are not true is effectively saying that COOP‘s management is intentionally lying to the SEC.
This really is not complicated or controversial.
The entity which was known as WMIH until 2018 is now known as COOP after its merger with NSM. WHIH therefore has no financial year ending in June (or any other time), because such an entity no longer exists.
——
Mr. Cooper, which was previously known as WMIH Corp. (“WMIH”), is a corporation duly organized and existing under the laws of the State of Delaware since May 11, 2015. On July 31, 2018, Wand Merger Corporation, a wholly-owned subsidiary of WMIH (“Merger Sub”), merged with and into Nationstar Mortgage Holdings Inc. (“Nationstar”), with Nationstar continuing as a wholly-owned subsidiary of WMIH (the “Merger”). Prior to the Merger, WMIH had limited operations other than its reinsurance business that operated in runoff mode and focused on identifying and consummating an accretive acquisition transaction across a broad array of industries, with a primary focus on the financial institutions sector. As a result of the Merger, shares of Nationstar common stock were delisted from the New York Stock Exchange. Following the Merger closing, the combined company traded on NASDAQ under the ticker symbol “WMIH” until October 10, 2018, when WMIH changed its name to “Mr. Cooper Group Inc.” and its ticker symbol to “COOP.”
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/7fc4c497-2a2d-4ed9-8e6d-6bcae203a444.html
It is a great name at 80+ pps right now
In your honest opinion, YES! However I still have doubts ..
BECAUSE! .. Is there really nobody who can confirm this ?
Does this have to remain as a secret ? Why ?
I can't believe that there is nobody - no agency or whoever - who can't answer this question ..
So there is no Brian, no Mary, nobody from FDIC, nobody from OTC/OTS, nobody from WMILT, nobody from JPM, nobody from Susman Godfrey LLP, nobody from the EC, nobody from Mr.Cooper, nobody from DTC(C), nobody from .. who can confirm this ?? I still can't believe ..
We should find out instead of still guessing .. and there are sooooooooooo many places and people who can be asked ... WHAT ARE OR WILL BE THEIR ANSWERS ??
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Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
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