Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
True! The Money Being Discusses,
Was from the $24-$30 Billion in the Equity Community presentation a month earlier (December 2011).
$20.7 Billion is accounted for in the February MOR, and IMO this is in the Treasury Notes.
Ron
He got his tire caught in a gap of the concrete and with thin wheeled bikes it IS VERY EASY TO DO
His DEED whatever that is or was was already done and a long time before his wreck.
ALSO SOrry but I do NOT BUY the comment made by ANY, that ALL of the money legally obligated to back the PREFRDS was in fact used to pay creditors, again this imho would be an ILLEGAL CONversion of assets. This would set the HIGH FINANCE WORLD ON IT's HEALS and make PREFRD no longer even the least bit interesting to invest in... AINT GONNA HAPPEN
Don't imho let this comment influence ones decisions IF IF IF there is ever an offer to buy out CLASS 19.................................
REMEMBER JUST WHO HOLDS THE BULK OF CLASS 19, it darn sure aint retail its some pretty serious HEDGE FUND OPERATORS/INVESTOR GROUPs and a group of some 15 underwriters.
Think hard do any really thunk they would screw themselves in this deal after ALL THEY HAVE RISKED and FOUGHT FOR? ME THINKS NOT
Yeah ...One of the most well-to-do lawyers in the country pedaling a 'rickety' old bike that somehow 'broke' at that handle bar joint and the guy hits 'head-first' the concrete-pavement, in one of most popular parks in Houston and ends up in hospital and then is 'recovering' but then suddenly dies of 'complications' from COVID... they might as well given him some 'pison' while he was in that hospital...can't put anything beyond the wicked FED/GS/JPIG Goons at Treasury and Jamie Demon....
Welcome back ron_66271! I enjoy reading your posts!
RON
Close enough though right?
But again lol WHAT MONEY as many here would have all believe there IS NO MONEY even though they know about the 3 wells accts and the bonds, the DST and how the estate had enough to pay almost a billion in legal fees and HOW ON EARTH or who would loan WMIH or back their 2.7 bill $$$$$ DEAL TO BUY NSM.....
COMMON SENSE AND LOGIC USE EM THEY WORK
What good?.Yet to see,
chad.smith@wmitrust.net
doreen.logan@wmitrust.net
206-661-2310
Write them or call them and ask them,they are the fiduciaries of the estates beneficiaries.
"GSA paid for creditors and allowed equity took control of the LT as requested by Mr.Nelson,otherwise SNHs would have gobbled up the LT."
And what good was that,, getting 'control' of the LT? Zilch, apart from the morsels that were thrown in the form of 'WMIH' shares given per the 'Ratios' for each of the Escrow flavors and then the shenanigans with the R/S of 12-1....
The other things about the 'DST', while they may exist and maybe holding some 'BK-remote Assets/Cash Flows', whether we Retail Escrow-holders will receive the promised "F&R" through any distributions are all Suppositions/Assumptions as of now...
After the bk was finalized there is nothing suckman could have done…..don’t believe call them….
Smith and Doreen are done…..there is nothing to expect from the WMILT…
Suckman had no clue from beginning to end…hosen spanked them to the end
Any cash from the LT was never going to happen for class 19 or 22……basically the WMILT never matter.
Or maybe "S&G" was involved JUST in WMI-LT, as they have always been 'claiming' along, and if that is how it went through, then only god can save us!
Now that SG mysteriously died from a bicycle "accident" who is going to dare to "enforce" any contracts? Not to be debby downer but starting to lose the last of my hope. The year is almost over and crickets.... I will tey to hold out until end of march but starting to believe the boys found a way around us retail.
All Most Right, Bob.
Judge asked Rosen; ‘how will I know the money is safe?’
Rosen; We put the money in Treasury Notes, we got a good deal’.
This discussion took place in mid January.
Ron
Yes BOB.GSA paid for creditors and allowed equity took control of the LT as requested by Mr.Nelson,otherwise SNHs would have gobbled up the LT.Mr.Smith and Ms.Logan are not done yet IMO.
LP
PLAIN AND SIMPLY
ONE WOULD HAVE TO BELIEVE that one on the most renowned law firms in the country S&G in fact SOLD US OUT.
And when I say sold us out, made an agreement that had a START TIME YET DID NOT HAVE AN END TIME, be it a date or a specific action that had to take place first(MATURING OF BONDS) or there is NO legal binding contract.
Contracts have to have a start time and an END time or action.....
VODKA
It's just strange to me and sounds like they are indicating funds COMING FROM somewhere else and if if if there is NOTHING as has always been put forth by HOSENUSAGAIN why this verbiage.
Now realize again HOSENUSAGAINS comments have always been ABOUT WMB and THE LT, remember 2 completely different and separate BK's running at the same time in the same court room, that made it very easy for them to twist or control the mindset
It's Fun that it actually even makes YOU GO HMMMMMMMMMMMMMMMMMMMMMMMM
See pard things are not ALWAYS as they appear on the surface
I still contend that is is DIRECTLY RELATED to hoseusagains statement to the judge as to what he will do with the money(WAIT WHAT MONEY THERE IS NONE RIGHT)
""YOUR HONOR those funds will be put IN LONG TERM HIGH YIELD GOVERNMENT BONDS"""
FIRST WHAT MONEY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Then ya have bonds, if the bonds we in 10 yr bonds they would be due, and probably came due shortly after 3/19/2022 imho
Any income/money paid to or received by a PASS THROUGH TRUST, must be paid within the same calendar yr as the trust receives those fund or the TRUST is required to pay taxes on it
That's why I think if they dont distribute by end of march 2023, then they can basically delay indefinitely...so I think I would give up my hopes by then. This will be my last time speculating on "justice"
I agree, strange wording. The word "even" is used in statements expressing opinion, usually the speaker having some feeling about the matter, it does not sound purely like a statement that is intended to data based and simply factual. I believe the word "including" would have been more appropriate.
The judge could only stop them from cutting out commons from the remote bk assets. The judge did not have jurisdiction over the remote bk assets but she was able to prevent who was going to be "last in line" outside of bk. She did not have authority in determining when those assets come out...so these assholes are just basically delaying the distribution until everyone involved is either retired or dead. The judge was no spring chicken in 2008..she's probably close to retirement by now
JUICE
MARTHA actually DID NOT GO TO PRISON for insider trading, she went to JAIL for lying to FEDERAL Investigators, basically OBSTRUCTION OF JUSTICE.
AND NO I do NOT THUNK THEY ARE STUPID ENOUGH TO PULL ANYTHING AGAIN HERE, they SKATED ONCE and only had to give up 25% of their possible gains, WHICH if IF IF as we believe is 25% of possibly a VERY HUGE AMOUNT OF MONEY, so they by no means got away SCOTT FREE/
Even at 1 par it cost the 2.5 bill $ so what about 86 bill or 269 bill or 600 bill, they paid a bigger fine than those that rigged LIBOR
Many trading with insider information have gone to Jail including Martha who many adore. These hedge funds have gotten away with theft. They are still licking their wounds. I doubt they will try again.
All here must remember and understand
THE JUDGE gave these BOYZZZZZZZ one hell of a break and basically TRIED THEM already in court, AND HANDED DOWN HER SENTENCING AS WELL, go back to negotiations and BRING ME BACK A PLAN WHERE all participate, so they did.
They went from the last rung standing in the water fall owning everything, to 70/30 then took another 2 yrs to get that to 75/25 allowing ALL TO PLAY and for them to PAY for their indiscretions for COLORABLE INSIDER TRADING..................
NAH they would NOT DARE TEST her again and get her ILK UP TOWARDS them after the last BREAK SHE GAVE THEM
NOW WHY GO TO ALL OF THIS TROUBLE IF IF IF THERE WAS NOTHING HERE TO COME BACK that would seem like a serious waste of time and legal expense as we know it took almost 2 yrs to fight to get the payout matrix changed to 75/25
LOGIC AND COMMON SENSE USE THEM, THEY WORK
"Seems like the trustee can just wait indefinitely without any repercussions."
Possibly? But by waiting, does the Trustee HARM the Beneficiaries of the Trust by withholding their property? Is the Trustee 'authorized' to cause such harm?
Roger that Lucky... I have thought for many years the same... and just don't F get it.
Seems like the trustee can just wait indefinitely without any repercussions. No one investigating whether or not they are doing their job.
AIMHO, STRIKE
LP
""Someone needs to SUE for disclosure""
Sue WHOM??????????
WMI "A PRIVATE COMPANY" to disclose the assets they hold
Sue the turstee to DISCLOSE the ASSETS of a TRUST he is TRUSTEE FOR? GOOD LUCK WITH THAT ONE
We are riding DA BOYZ coattails, the JUDGE KNOWS this and told ALL in the court at the time that "SHE KNOWS THIS"
Just because the case is CLOSED it does NOT MEAN that if IF IF need be that she can't jump right back in the mix.
UPHOLDING HER RULINGS in the GSA/POR are the responsibility of ALL INVOLVED, don't do as you were told to do as part of the negotiations and she will be all over em like stink on CHIT for direct violation of adhering to agreements and rulings made in a BK CASE
AND IF IF IF THE WERE TO HAPPEN where they did not adhere to her orders, THERE WOULD BE NO GET OUT OF JAIL FREE CARD THIS TIME AROUND imho
NEWFLOW
Interesting just how this is worded.
Any potential recovery which
shareholders may receive, even from the Liquidating Trust
The way I read this is, that they seem to indicate recovery may primarily be coming from somewhere OTHER THAN THE LTI.
IF IF IF not why didn't they just say Any potential recovery which
shareholders may receive
Yep, and “no-no’s” are written all over this stock since the debacle many years ago. Something needs to happen before COOP the stock is allowed to increase in value. Imo.
JHD
Relax, you’re reading too much into this. Just play along.
The Court finds that the condition requiring a release in
order to receive a distribution does not violate the best
interest of creditors test. Any potential recovery which
shareholders may receive, even from the Liquidating Trust, is
largely due to the GSA which is funding the payments to creditors
who are senior in priority to the shareholders and who, in the
absence of the GSA, would have first priority to the proceeds of
the assets in the Liquidating Trust.
http://www.deb.uscourts.gov/sites/default/files/opinions/judge-mary-f.walrath/mwf2011091308-12229.pdf
Now where are the assets?.
They got a jail free card once. I doubt they will try again. Even the Judge may face jailtime if it happens under her watch.
The assets are bk remote...out of jurisdiction of the bk judge...if anyone needs to go after them it will have to be the US Trustee...I dont think there is anyone in that office motivated to go after them...Someone needs to sue for disclosure and it needs to be an insider with knowledge of these assets...and I think there are few insiders so they can easily be bought out by the big boys
They can’t find a way to hide it, judge already knows that we are riding on their coattails.
No doubt, bk remote assets exist...just a question of whether retail holders would get them. Maybe the insiders found a way to utilize those assets without retail ever seeing a dime. You cant sue for what is not disclosed. Seems like the trustee can just wait indefinitely without any repercussions. No one investigating whether or not they are doing their job.
"We are range bound bud and you know why."
Regardless of the possible reason, wouldn't this be price manipulation, and a 'no-no'?
We are range bound bud and you know why.
JHD
Only up about 50k shares NOT BAD
I'll wager its up and maybe a good bit up
Latest $COOP short-interest TODAY after 4:00 p.m. ET
$COOP short-interest: https://www.nasdaq.com/market-activity/stocks/coop/short-interest
Dissemination dates: https://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch
WMI RAINIER LLC 2022-09-28 - 2022-11-07
Became inactive
https://opencorporates.com/companies/us_wa/602606678
I see 10 more but Who's counting right
Maybe June 2023, maybe September 2023 or December 2023…or 2024….or 2025…..and then another 10 years
I'm thinking tax date now...perhaps I am numb to all the chatter now...
JHD
Really Only 5 more Business Days in 2022 to see IF there will be any Filings to show anything about our "F&R", as after that Wall St will be empty if not before. After that, next date will be Tax Date 2023...
ONLY comment that was made was by HOSENUSAGAIN
and that was a condescending response he made
"""""THEN SHOW US"""""" and AND HOSEUSAGAIN KNEW that after having been called down 3 different times by the JUDGE , NELSON already had his hands tied when HOSENUSAGAIN made his comment and KNEW NELSON would say NOTHING
WHat about the JUDGES POSIT of 10 bill $$$$$$$$$$$$$$$$$$$$$$$$
LOGIC AND COMMON SENSE USE THEM THEY WORK
"WMI HAD NO DEBT to speak of relatively 32-8='s 24
Don't believe me just ask JUSTIN NELSON, he almost found out the hard way"
Interesting, that when JUSTIN NELSON kept mentioning this, the Judge DIDN'T say it was not a fact, she just said he couldn't bring it up in Court.
Followers
|
1766
|
Posters
|
|
Posts (Today)
|
9
|
Posts (Total)
|
734476
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
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
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |