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L.G. when you signed a Release Document, you signed away all rights to former assets in WMI for NOW, FUTURE, AND FOR FOREVERMORE!!!!!!!!!..... read the document that newflow posted about the settlements for different class claims, and read exactly what the release signatures stated.... it states if one does not sign the document, they will be excluded from any settlements that will occur when the chapter 11 is settled... if you do not sign, THEN YOU HAVE THE RIGHT TO SUE FOR VALUES HELD IN YOUR FORMER ASSETS OF WMI!!!!!!!!!!!!!..... simply put, because you signed a release does not mean, or guarantee that you are the owner of the former estate, which by the way, does not exist anymore... it was cancelled, and emerged as a new entity called WMIH...., as well as any values you once held in the now DEFUNCT COMPANY CALLED WMI.....this was evident when WMI said all common and preferred shares were cancelled, and extinguished, and all rights to former prospectus are NULL AND VOID,,,,, read the post that newflow put up on the board about releases, and their purpose.... Lodas
This is Big. Please read the timing for our distribution. Please review for the process in April and research the formula they use. We will end up owning DTCC where our value is?
Questions and Answers on the DTCC Common Stock Reallocation 1. What is the purpose of the requirement that Participants own shares? Having all Common Shares in the hands of Participants ensures that such Participants (1) are appropriately invested in the business of DTCC and (2) through the election of members of the Board of Directors of DTCC (the “DTCC Board”), are given a voice in the governance and activities of the Clearing Agencies, including the kinds and quality of services provided and the service fees charged.
10. How much will each Participant have to pay, on average, to hold Common Shares? The Share price for the 2024 reallocation is $59,327.12 per share. This Share Price was determined using the formula set forth in the Shareholders Agreement. The actual amount of Common Shares that each Participant will own is determined by its respective use of the services of the Clearing Agencies, and whether it is a Mandatory Purchaser Participant or a Voluntary Purchaser Participant.
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
Diamond, the bottom line is ALL INVESTORS who signed timely releases by March of the year 2012 will at MINIMUM do EXTREMELY WELL considering, however, as is always the case, some will do MUCH BETTER than others.
...
LG
Yeppers just like the """TENDER OFFER I brought forth several; years back that had some about to go bat chit crazy""
This is hard to say as there are a few ways this could go.
1) They could be bought out lock, stock and barrel
2) They could be issued the 36M share that COOP has repurchased based on an investor's original purchase subject to the Reverse Splits taking the outstanding stock down to around 100M before the COOP repurchase program started
3) There are some more thoughts but I will leave you with the aforementioned
4) Just know that COOP has had shelf ready, authorized, and ready to issue on a minute notice ten million preferred shares which have NOT been subject to (RS) Reverse Splits or other reasons. They will use these at some point. COOP originally planned for these preferred shares or they would not have brought them forward from the (ED) Effective Date of 3/19/2012 and forward of the 12-1 Reverse Split in October of the year 2018 which AGAIN did not affect the Preferred, authorized shelf-ready shares.
...
LG
I agree and so do many others here
Contract law via negotiations is PRETTY RIGID YOU ABIDE by the terms of the contract as written PERIODDDDDDDDDDDDD there aint no DO OVERS
And the DIPs DID NOT NEGOTIATE THEMSELVES INTO A SUBORDINATE POSITION TO COMMONS, that just aint the way things happen and ANY THAT THIHKS that is the way it happens must be out in the desert and also is seeing an OASIS in the distance,, YOU KNOW A """MIRAGE """SOMETHING THAT DOES NOT EXIST
COMMON SENSE AND LOGIC USE THEM THEY WORK
what are you thinkin for U's ????
Yes….never a recommendation….”NEVER a cowboy recommendation to Buy, Sell, or Hold ... NEVER' ... “
Can not post all the messages where you recommended that your followers buy in the single digits as you posted…..your so call recommendation…to follow you….then sell at 46…50…..tell your story again….lol
BBANBOB, you asked and wrote the following to AZC,
___________________________________________
WIth ALL of your NEW FOUND wealth, did you ever bother taking BOPS advice and taking the GSA/POR to a ""LAWYER"" and having them give you an opinion based on the 8k and PR on the payout matrix and how it was as well stated in the GSA?????????????? As to the 75/25% payout on any and all distributions???
OF COURSE, YOU DIDN'T you wouldn't dare
____________________________________________
When there is an agenda to push outside of the norm, there is no way one would pay a specific lawyer with subject matter expertise for an opinion when more than likely the legal opinion would NOT support the agenda being posited.
All one needs to know if they signed timely releases by 3/2012 is they own the former WaMu Estate and whatever may come from that whether Safe Harbor protected or NOT, otherwise since there was an (OC) Ownership Change on the (ED) Effective Date of March 19, 2012 there would be dual ownership of assets and that can NEVER happen in Delaware Bankruptcy Courts
....
FDIC status letter Feb. 22, 2024, for EOY 2023.
pg. 4 , 11 MMF cases , hopefully an update on closures in the near future.
https://www.fdic.gov/resources/resolutions/professional-liability/annual-reports/pl-2023-annual-report.pdf
I see you're letting your ARROGANT ASS hang out yet again
Can't wait to see how this all turns out
Just like any contract, all conditions of said contract follow it forever and always, NOT JUST WHAT YOU WANT.
WIth ALL of your NEW FOUND wealth, did you ever bother taking BOPS advice and taking the GSA/POR to a ""LAWYER"" and having them give you an opinion based on the 8k and PR on the payout matrix and how it was as well stated in the GSA?????????????? As to the 75/25% payout on any and all distributions???
OF COURSE YOU DIDN'T you wouldn't dare
I know for fact if if IFIN YA LIE IN AN 8K and or a PR, you probably would be up chit creek with NO BOAT
AZ past predictions…lol…RD had better predictions than AZ…cactus likes to claim others information as his own….
~ Yeppers, ... associated with the humorous', "registrant" COOP being used, (LOL), and aligning the FDIC/WMI's GSA, the Approved Plan (7), and the JPMC P&AA, ... As Boris (thankfully) updates us, Yes I believe, the Litigation is completing', ... BUT NOT in those hilarious and poorly researched overweighted' numbers' ... (dmdboplggbbub etc) LOL' ~
Nope NOT Hardley ... I bought so much WaMu, (more than willy), and thankfully have now been able to cover ALL WaMu expenses with the COOP profit taken out', ... now, yeppers', it's all good for this ol' cowboy' ... whatever the outcome and completion is ? ... is all now freebies and taxable' ...
ol' cowboy's W-9's submitted with release, per individual ... uq, P, and K, ownership. ... were all submitted properly to brokerage' ... ol' cactus's WMB Notes were Direct Purchased' ...
and yep, as posted by ?, I wouldn't mind seeing with a link' as proof, what I'm accused of predicting either', LOL' ... thought I always used ... In MY Opinion, or My Conclusions Are, etc. etc. etc. ... oh, and Do Your Own DD, ... NEVER a cowboy recommendation to Buy, Sell, or Hold ... NEVER' ...
No Margin, ... ALL ol' cowboy 100% CASH' ...
anyhew ... enjoy the day'
just sayin'
AZ
PickStocks.....you forgot to mention that AZCowboy is in complete agreement with Boris in every detail concerning the expected recovery which is coming on the April 24 eclipse...., and the LIBOR settlements coming soon.....I still cant get Boris to give the link that WMI won a 307 billion dollar Duel Track, well documented RICO lawsuit against the FDIC in judge collyers courtroom....be careful AZ of letting Boris "watch your six"....you may get a kick in the rear........Lodas
Just have a look at AZ‘s past predictions over the last several years - its really not complicated.
Yes…tell us again how smart you are…how you bought coop single digits and sold at 46 and 50…..how you and Gallagher are such good friends…..how you can not reveal XXXX is because of the patriot act…..you can not make this up…..lol
"it looks like a reveal is coming soon of who xxxx is!"
I absolutely wouldn't expect that. I believe there will never be an answer given for that. Love to be wrong, but thats the pattern.
Q1 ended yesterday, SIGNIFICANT MOVE for COOP coming soon IMO!
AZ thx for your steadfastness! I still need to payoff my kids college tuition and it looks like a reveal is coming soon of who xxxx is!
Because if so I'd come away with a mere $25K... not exactly a windfall. Can anyone expand on what "one to one" means?
Thanks in advance!
~ LOL' ... Every Now and Then ?, COOP gets' a ray of sunlight', through the daily cloud' covering, causing the dim lighting' ... LOL ~
"Abba Da Ayy" ... ol' cactus is extremely pleased that the cowboy' choice was to "RELEASE" ... Especially the cowboy' owned WMI Common Share WMI Estate Ownership (wamuq), and the P's continuously associated with the Preferred Managing Sub" ... still SEC trackable LOL ...
ol cactus', DIRECT PURCHASED The WMB Notes' ...
Go COOP' ... wrap it up as COOP' ! !, and do what COOP needs to do' ... by the (XXXX) directives' ...
LOL' ... "One doesn't ever need to be the smartest person on the room, ... One only needs to be smart enough to KNOW who the smart people are" ... LOL'
... "Watch Your Six" ... and ... "Know What YOU Own" ...
just sayin' :) ...
AZ
What funny is you are still referring to XXXX just so you can claim to be the smartest person on the board…..just too funny…
~ Hello JJFlash, watching this "COOP" ? sure is interesting as merely' a 2018 Acquired loan servicing Subsidiary Group ! ! ... SEC reporting with only one operational sub' ... "Hilarious" ~
Yepperini, ... ol' cactus is (LOL) DONE' (more, LOL) ... trying to breath a dash of ACTUALITY and REALITY Into a few that are still hanging onto wording that was specific only to the wmi-lt and the continued misunderstood retained earnings' ... it's all simply become silliness to waist (or, is that waste ? LOL) any time on, in my opinion LOL ... doesn't matter though ... "it is what it is"
Excellent logical Point!
"(If ? our returns were to be so easily ratio divided by the wrongfully promoted, 75/25' nonsense, then only ONE Cusip would have been used' ."
Another day in fantasyland. Another day of babbling.
$COOP went from $6 to $77 without any of your fantasy nonsense, and will continue to perform as it's value increases.... without it.
Have a wonderful day babbling about delusional fantasyland nonsense. 😂
Pardon my daftness, but by "one to one", surely you don't mean that for every "P" someone held they will get one COOP share (currently worth $77?? The other "one" that they get for each P must be something else, could you clarify for those of us without finance degrees please.
It will happen imho when COOPS gets it's 2.5%
The UW’s were not fighting to stay in class 19…..the coffee lady was fighting for 1% that they would receive…in the end it was the coffee lady fighting really hard to get paid for filing appeals and be paid 3 million or so and that was turned down..
COOP absolutely UNDERVALUED====>fair PPS is at least $200
Check COOP's current P/E ratio: https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP
COOP's trailing P/E is only: 10.68
COOP's forward P/E is only: 6.23
The P/E ratios in this list (data is as of January 2024)
Financial Svcs. (Non-bank & Insurance) covering 172 companies is the correct row:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
Financial Svcs. (Non-bank & Insurance)
The average P/Es are:
Current: 34.63
Trailing: 25.59
Forward: 25.54
Diamond, I believe former Preferred WILL BE one to one.
In my view, this is why the UWs spent millions, received a one year delay to cast their timely signed releases then fought Alice for several years to the very end ensuring they STAYED in CLASS 19.
…
I don't know what a "great" outcome is here. Obviously, receiving monetary value is not the number 1 outcome so far. Sixteen years of educational dialogue concerning the cost and value of out overall justice system is obviously one outcome which no one can deny has been somewhat educational.
Further outcomes are yet to be enjoyed however monetary outcome would be great. After all I've paid my dues, now I need to get some recompense.
"LITIGATION TRUST"? https://www.fidelity.com/misc/wamu/WAMU-Class-19-Beneficial-Ballot-93934W-AA-3.pdf
Page 7/13 What is this Litigation Trust?.
LG you feeling a 1 for 1 for escrows. ????
I am a legacy holder of wamu…..I for one do not care about the pity you spread….i for one bought many wamu shares even after the Wamu P’s drop to 10.00 and sold in high 60.00’s….and bought back end with P’s and U’s. Then I sold again after WMIH at 1.50 and doubled my shares at .49. And sold again at 2.50 and bought back in at 1.00…..sold it all at 15.00….then bought back in at 5.00……and held and kept buying as it continues to grow…I for one did not sell when it 50.00 and continue to see coop rising….
You are correct. But I say it for myself too. I had a large amount of WAMU before the FDIC Midnight Raid, but fortunately I was able to buy more cheap shares.
But I have only made money as COOP has increased from $40 to $78. That is where I have done well.
It’s Because LIBOR Hasn’t Settled Yet.
XOME can’t be monetize when the valuation can’t be determined due to the interest rates manipulation by the big banks.
Ron
What are the outcomes…..a great outcome would be a distribution would you not agree….
Great opinion….now there just needs to be a distribution to make it true…do we wait another 15 years.
TO ME, SEEMS VERY LIKELY TO HAPPEN ALMOST ANY DAY - RECENT COOP FILING – THE PUZZLE NOW FIGURED OUT – JUST MAYBE
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
JUST maybe with the help of BBANBOB plus some others who agreed with us like Cura Asada, Dmdmd1 and others that the COOP merger with NSM was not totally completed and POSSIBLY there is a positive finale. At least until they issue the owners of the former WaMu Estate who signed timely releases by 3/2012 shares.
These same investors just mentioned also agree that COOP does NOT own XOME entirely, as for years they have talked about monetizing XOME worth roughly one to two billion. Strange, after multiple years they cannot monetize XOME and we have said this is because COOP does not own XOME entirely until they finish issuing the shares. More than likely this ownership of XOME is tied up in a DST owned (75/25) by those investors who signed timely releases.
***NOW LET US LOOK AT SOME NUMBERS***
• Post COOP 12-1 RS around Oct/2018, the outstanding COOP shares became roughly 100M
• The recent filing above shows around 64M COOP outstanding shares after a multitude of COOP buy-backs
• The difference is now 36M shares of COOP which MAY BE owned by timely signed investors
• If these 36M shares (36M + 64M) are given back to timely signed investors, then this takes the outstanding COOP shares back to around 100M but lowers the COOP price to roughly $50.00 a share based on current prices of around $72.00
• Now we have heard that XOME should be worth around 2B or so, NOW figure in 2B ($20.00 a share) on those 100M outstanding shares and WOAH back to $70.00 plus a share
• NOW figure the 75/25 ownership on the 36M shares and guess what you have roughly 27M shares for the Preferred and 9M shares for the Common
• The other thought is there are ten million authorized and shelf-ready preferred shares that can be issued on a minutes notice that has been part of the plan since the (ED) Effective Date of 3/19/2012 so ALL 36 M common shares could go the the investors who released common share and the preferred investors receive 1-1 preferred which explains why the UWs want into class 19 so bad – yes, this is their expertise and they have always known the specific class the big money was to be recovered from…CLASS 19
• IF COOP issues 36M common shares at $71.00 per share that is 2.5B so if they give this to common shareowners that is roughly 25% of a POSIT of ten billion and they back preferred with 7.5B funding for a total of ten billion POSIT. NOW if COOP gets 2.5% of the 635B that Congress spoke about around year 2010/11 that means COOP gets 15.87B so with the ten billion funding of preferred and commons 36M shares at $71.00 it leaves roughly 5.6B for their own coffers driving the COOP common much higher
• Hopefully, these shares are coming soon to a timely-signed-released account near YOU
...
This is now a sticky post for easy access. Thanks Wwhatthe.
It is a known logical fallacy to predict the future solely based on the past. Our entire experience is based on the events of new outcomes.
It's a good sign for human beings when we can remember that which makes us great....
Maybe you're right, I don't know, but I've always found Whatthe to sound quite credible. He and one or two others is the reason I have 5% hope of escrow returns vs 0%.
Yes Easter is cool...
Absolutely unbelievable ye all are still peddling the eternally pending "Escrows" fantasy.
Wouldve thought everyone had awoken from that unrealistic dream already but then again..........
To silly to be taken seriously in 2024 and even worse beyond.
Thank you, Spider-man,
Happy Easter to you too
Stay safe… Stay healthy
Good luck to you
And have a great day
Wwhatthe
Large Green
Thank you for that post.
We differ on some points, but we both agree on a large recovery coming...
I'm sure nobody cares about how it gets here, as long as it gets here.
I've always agreed with your thoughts on the Depository Trust Company.
Because It's in the Disclosure statement.
Good luck to you
Wwhatthe
Payment for the bank, Libor, WMI assets, and more.
We are in for quite a year. I wouldnt take out a loan yet, but start conceptualizing what you will do with newfound wealth. Its Easter. So please be sure to help others and animals in your wealth plan. Together we can do great good.
Awesome Post! Thanks for your Effort & Sharing with us! I Hope whatever you have postulated is True/will come True and this is how The WaMu/WMI BK was CLOSED and all the Necessary Closing Activities were transacted By Law without any Corruption and STEALING of Escrow-Holders' assets by the Hedge Funds-Gang of Four &JPM Goon Lawyers for JPM.
This Gives me slight confidence that we may see some "F&R Promised"...Hope Springs Eternal. TIA & GLTU & GLTA!!!
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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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