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LG, I see the P’s and U’s being paid in tandem, not one and then the other.
BBANBOB, you said the following.
And in my math classes over the years 75% beats 25% in a BIG WAY
_____________________________________________
Let us look at it in another way since the 75/25 is a trigger that sends some into Nutzville. All one has to do is look up the meaning of PREFERRED so in most people's English classes Preferred means ahead of others or simply a PRIORITY.
Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.
Common stockholders are last in line when it comes to company assets, which means they will be paid out after creditors, bondholders, and preferred shareholders.
...
Specifically what post as to what the DTCC is
ANd got a ? for you, DO YOU HONESTLY even UNDERSTAND WHAT THE DTCC/CEDE IS IS IS REALLY IS IS IS YOURSELF????????? ANd this is NOT meant to be offensive or belittling in ANY WAY form or fashion. HONESTLY
Of course it has nothing to do with Escrows - anyone with basic reading comprehension skills can see that.
Just like BofA bonds, JPM pref buy-backs or Novo Nordisk dividends have nothing to do with Escrows.
But who cares - it’s just about creating another failed theory for a grateful audience.
Goodie
PLAIN and SIMPLY YOU and I and ALL here are nothing but MUSHROOMS that have been kept in the dark and FED CHIT
THis has all been an under the cover of smoke and mirrors since day one, SO NOW YOU CAN TELL ME or US this has NOTHING TO DO WITH us especailly with the timing of it !!!!!!!!!!!!
SOrry all here are still theorizing and trying to make sense of any of this, SO AGAIN
DO WE ACTUALLY KNOW IF IT IS OR ISN'T RELATED >>>>>>>>YET
NOPEY YOU DON'T AND NOPEY I DON'T
how bout we let the game clock go to ZERO , then and only then WILL YOU OR I KNOW CHIT
Based on what the DTCC is, per my post, I don't see HOW it could be related.
Is it because it has a large value per share?
XOOM
I have always ATTEMPTED to get along since we agree on the IMPORTANT STUFF, that there is still lots to come back here.
Where we got OFF is when he starts the petty BS of name calling or saying folks are stupid, SINCE THEY DON'T AGREE WITH THE GREAT AZZZZZZZ.
Also when he said in no uncertain terms that ALICE held up payment here INTENTIONALLY, WELL GUESS WHAT her case was I think in 2019? ANd GUESS WHAT ya still aint seen chit yet........
Or when he shape shifts to another scenario when his NO LONGER FITS.
AZ quote
"" YOU CAN ONLY BELIEVE WHAT IS IN FILINGS and 8K's every thing else is chatter and noise, and POOR and despicable SLOPPY DD........."""
Yet he still, will not CAN NOT except the 8K nor the PR the company put out in DIRECT RESPONSE/relationship to MESSAGE BOARD CHATTER to the payout matrix, because IF IF IFIN HE does it is 180 degrees from the commons shall inherit the bulk of the estate.
But we always agreed AZ RON LG MYSELF that there is a lot of money to come back here and all will be just fine.
BUT SOME WILL BE BETTER OFF THAN OTHERS
And in my math classes over the years 75% beats 25% in a BIG WAY
Where is the distribution….i want to be wrong so where is the distribution…..like I said…it is a good opinion but no distribution….all the posts are good opinions but they do not bring a distribution…until then keep posting….remember cactus has changed his tune as coop is the tell again….
DO WE ACTUALLY KNOW IF IT IS OR ISN'T RELATED >>>>>>>>YET
Yes, you saw that as well. Kinda like a completely different person responded, LOL.
I totally agree. We are all on the same team (whether we like it or not) and yes, there's nothing wrong with having a different opinion (or outlook).
WHY is this even posted here? NOT EVEN REMOTELY RELATED TO OUR SITUATION.
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
"The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares. The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote"
What is the DTCC?
Answer
Based on the search results provided, the Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company that provides clearing and settlement services for the financial markets. Here are the key points about the DTCC:
The DTCC was established in 1999 as a holding company that combined the functions of the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) 13.
The DTCC is user-owned and directed, and it automates, centralizes, standardizes, and streamlines processes in the capital markets3.
Through its subsidiaries, the DTCC provides clearance, settlement, and information services for a wide range of securities products, including equities, corporate and municipal bonds, derivatives, mutual funds, and more12345.
The DTCC's subsidiary, the Depository Trust Company (DTC), was established in 1973 to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership34.
The DTCC settles the vast majority of securities transactions in the U.S., processing trillions of dollars of securities on a daily basis. Settlement is an important step that contributes to investor confidence and reduces market risk12345.
The DTCC is regulated by the Securities Exchange Commission (SEC) and is a member of the U.S. Federal Reserve System34.
In summary, the DTCC is a critical financial infrastructure company that provides essential clearing, settlement, and other services to support the smooth functioning of the U.S. securities markets. 12345
Xoom , hehehe, nahhhhh , maybe 😳😳😳😉as for me I’m good bud I still have chips in the game, just not as much 😉it’s allllll good , this paper has been super to me from day one in BK.
GLTA.Ts 🥲🤣🤣🤣😂
T’s, anybody who sold at < $75 has a right to curse himself/herself and nobody can deny them that right.
Mannn O mannn Ol Cactus is posting regular these past two weeks,dude must be getting lonely out in the desert these days 😂
But I will say him selling a large% @ 50.0+/- is nbd . As I always say profit issss profit ,just less, the fact be know I did it before he did and I’m happy for what I still hold, EOS.
BUT I WILL SAY THIS ABOUT OL CACTUS ISSSSS why does he continue to post the same ole same ole 99% of the time 😳or issss it to get some going as it seems to be working 😉
Gogooocoop Upwards 🤣😂😉
GLTA-Ts😉
Picky in the post below you kinda agreed with Wwhatthe and called it a ‘Great Opinion’ , and then now you making fun of RD ?
Pick one Picky, it cannot be both
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174148259
12. What powers or benefits are conferred upon shareholders of DTCC by virtue of their owning Common Shares?
The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares. The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote.
Thank you very much Royal Due for your research and sharing. This concerning former preferred shares of the WaMu Estate. The former (P) Preferred share of WaMu was based on a $1,000.00 (FV) Face Value and the former K share was based on $25.00 FV.
So, this is nothing more than a subset of the original P share. The Perps could have easily just spoken about the original P share since both of these shares are considered PREFERRED which would provide more cover and smoke for what the Perps have always been trying to hide. If they spoke in exact terms, then this would let the cat out of the bag, and after 16 years of redaction, smoke, and mirrors playing Hide The Saugage program, this would be unacceptable.
They could have easily coined these Preferred A & B so this could easily be a reality. As I always say, time passing and filings will show us the way forward. Thanks to Royal Dude for bringing this to our attention. This is exactly what these Perps would do if they were continuing the program of Hide The Sausage!
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
"The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares. The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote"
...
BBANBOB, concerning former preferred shares of the WaMu Estate. The former (P) Preferred share of WaMu was based on a $1,000.00 (FV) Face Value and the former K share was based on $25.00 FV.
So, this is nothing more than a subset of the original P share. The Perps could have easily just spoken about the original P share since both of these shares are considered PREFERRED which would provide more cover and smoke for what the Perps have always been trying to hide. If they spoke in exact terms, then this would let the cat out of the bag, and after 16 years of redaction, smoke, and mirrors playing Hide The Saugage program, this would be unacceptable.
They could have easily coined these Preferred A & B so this could easily be a reality. As I always say, time passing and filings will show us the way forward. Thanks to Royal Dude for bringing this to our attention. This is exactly what these Perps would do if they were continuing the program of Hide The Sausage!
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
...
Let’s see what happens by the end of April….
So now the DTCC is now going to pay old escrows…….you can not make this up
Yes…the world is right Bban and Cactus are best buds now!!!
what does it mean when the expression is stated as yes, or no?.......No is an expression of CONTRACTION TO NOTHINGNESS TO ETERNITY..........YES is an expression of EXPANSION OF POSSIBILITIES TO INFINITY!!!!!!!.......Both expressions , yes, or no are absolutes, unless mitigated by an outside condition of change....thus, a patient that is dying has THE POSSIBILITY OF LIFE UNTIL THE DOCTOR SIGNS THE DEATH CERTIFICATE, thus ending all possibilities!!!!!!!.... my point?.....WMI stated in the chapter 11 closing document, signed by all parties involved, and signed by the Judge, and declared to the SEC that....common and preferred shares were CANCELLED AND EXTINGUISHED, AND ALL REFERENCES TO OBLIGATIONS TO PROSPECTUS ARE NULL AND VOID!!!!!!!!!!!....there was no claus for remediation back to life for these cancelled values, else there would have been a statement of remediation after the chapter 11 closed by WMIH, since WMI was declared DEAD and buried.... the reserected company called WMIH makes no statement of further reinstatement of prior values to be returned to former stakeholders in WMI, or WAMU....the chapter 11 closed 11 years ago, along with all values of WMI which were declared dead.....Lodas
Thanks AZ. Now Bban and you could get along since now you see the payments for the K’s and Bban too is in agreement.
RD, this is a very interesting number.
Thanks for keeping a watch on all possibilities for us peons .
man it must really sux knowing we escrow holders are at the end of this long awaited payday .... better luck next time.....
Yep and the drip of late with our share price.
Low volume seems to be the new norm! Keep in mind, however, that the market is down significantly today as it was yesterday.
I personally believe that this 75/25 discussion is irrelevant and unproductive; it has been discussed so many times in the past. Keep in mind that we have been waiting many years for this fiasco to conclude; the sooner the better. At point in time, I’ll personally accept any settlement instead of having to wait many more years and the uncertainty that comes with it.
Hope for a Leak that this gets done
"This reallocation process is required to be done at least once every three years. Since the last reallocation occurred
in 2021, a reallocation is scheduled for 2024. The 2024 reallocation is currently anticipated to be completed on
April 30, 2024 (the “Settlement Date”), and will be based upon the use of services of the Clearing Agencies from
January 1, 2021 through December 31, 2023. Voluntary Purchaser Participants will be notified through the
DocuSign® electronic signature service of their opportunity to purchase or obligation to sell Common Shares during
the first week of April 2024. Mandatory Purchaser Participants will be notified via email from Computershare Web[url][/url][tag]insert-text-here[/tag]
Service that a notice concerning their obligation to purchase or sell Common Shares is available on Computershare’s
Investor Center during the third week of April 2024, and these purchases are expected to settle on the Settlement
Date. Please refer to the following pages (Questions and Answers on the DTCC Common Stock Reallocation) for
additional information."
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/a9414.pdf?fbclid=IwAR1yvT8OYANaZypB5bB8eOd6AV5LfE9_4jmPpOOHX9dEeKZaZUyEM21tQYE_aem_ASCqxTCNAo0-Tg9tDLKSDgn8h7CKgFTpn9MJtoSLx5LkSyqd35ENV0h6huTnDSHVYHN4tdtNvHkdMH8qZgzaYdr-
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/a9414.pdf?fbclid=IwAR1yvT8OYANaZypB5bB8eOd6AV5LfE9_4jmPpOOHX9dEeKZaZUyEM21tQYE_aem_ASCqxTCNAo0-Tg9tDLKSDgn8h7CKgFTpn9MJtoSLx5LkSyqd35ENV0h6huTnDSHVYHN4tdtNvHkdMH8qZgzaYdr-
AZ
""" However, I Continue to NOT believe in any (75/25) shared ratios of financial returns that have been promoted beyond the wmi-lt, now closed"""
ANd that is your right as well.
But JUST like I have said many times, what is in a negotiated settlement, DOES NOT DISAPPEAR ONCE ALL AGREE AND SIGN it, unless it is then STATED in an ADDENDUM to that agreement, THAT ALL PARTIES AGREE TO CHANGE IT and sign off on it
Now the last part is what has ALICE and me concerned to a degree !!!!! Remember in her SDNY case where she specifically asked to see a copy of the amended agreement and was DENIED access to it !!!!!!!!!!!!!!!!!!!!!!!!
JUst like you agree to sell me your HOUSE as is and two weeks later ya come to get the bird bath and front porch swing !!! NOT GONNA HAPPEN that horse is out of the barn, when ya signed
None of this has anything to do with Escrows, as it states very clearly in the DTCC document.
But who cares about easily verifiable facts when you can make up another “theory” and deadline?
Crying wolf again…coop is the tell…coop is the tell..
Quote:”... I simply had an (inside) advantage regarding the irrelevancy of the wmi-lt, once it Closed within my (DL) friendship is all (forever' held close to the vest) ~ “. Again you stated information obtained from an insider. Also claiming to be friends is also quite hilarious….
I thought you were the smartest investor….this only references shares and ownership of DTCC shares…nothing to do with old escrows….
DARKB4
TRUE DATTTTTTTTTTTTTTTTTTT
WHat was agreed to WILL BE DONE imho and strictly adhered too....................
Jelly and JAM
It was suggested earlier and a VERY GOOD SUGGESTION to print out your FEBRUARY 2022 statement that shows your OLD LEGACY HOLDINGS.
Your local Schwab can do it for ya in about 5 minutes as I just had mine done on all 5 of my accounts.
For some reason I was not able to do it here at home, it wouldn't let me.
So I ran to the office and literally in 5 mins I had em all in a neat little folder..
Then I wrote in BIG BLACK MAGIC MARKER
"" KEEP IN CASE VALIDATION IS REQUIRED AS TO PROOF OF OWNERSHIP IN WAMU shares prior to my legacy shares being removed as worthless"""
Just an FYI and imho CHEAP INSURANCE
~ LOL', Here We Are Again' ... ! !, ... Yeppers, ... ~ "Watch The Newco' "COOP" it will be the "Tell" ~ ... now ? for the 2nd time' LOL ~
just thinkin' bout those 36 million buy backs of a 2018' "Acquired Sub Grouping", which has been simply being used as an SEC "registrant" for a much larger corporate dog' ...
Yep, ... I released to own the reorganized holding company' ... uq's, P's and K's ... and CHOSE to Direct Purchase WMB Notes' ... ol' cactus is good to go' ... sorry naysayers', I was never going to let go, "like a tic on a mule deer" ... and a humorous "burr under all of ya alls saddle" ... LOL' ...
just sayin'
AZ
I continue to stand by my estimates. I don't wave them with a flag, and they are based on what should be the approximate return if the rule of law is followed. it doesn't matter what the number means and the people that have it from me is because they have provided me with useful information. WMI was a restructure (11), not a bankruptcy (7). Fan changing lightbulb switchers, trading fabricators, and their minions do not make the rules. Interpret all you want...The law makes the law. From a finance stand point, that is also pretty simple. Companies are given many allowances, different methods to conduct, structure and report. A MB is not going to change what happened, or what will happen. History and future events will take care of that. Enjoy your lives and please dont let this be your life...
serafino
Good to here from you again.
AND YES SIR it has been shown and explained to all that their legacy INTERESTS (positions) are still being accounted for, BUT as you say or suggest, THEY HAVE AN AGENDA TO KEEP UP
GLTA
Yes our numbers will never connect us to JPM. This last $ 59,327.12 per share 3 B will be used to pay DTCC as service fees. I believe my participant is Schwab and all should relax and do nothing until our participants contacts us. The timing is what is more important Settlement April 30th
RD our numbers are not included.
I don't think anything. This is the structure of the DTCC and their requirement for members to participate that use the service and in their proportion on said use:
https://www.dtcc.com/about
BTW, a current common share is $59,327.12 each.
Certain Participants, which are referred to as “Mandatory Purchaser Participants”, are required to purchase and
own Common Shares in amounts proportionate to their respective use of the services of the Clearing Agencies.
Accordingly, any such Participant will be (1) required to purchase Common Shares to the extent, if any, that a
share deficiency exists (i.e., the amount of Common Shares such Participant currently owns is less than the
amount such Participant is required to own) and (2) required to sell Common Shares to the extent, if any, that
a share excess exists (i.e., the amount of Common Shares such Participant currently owns is greater than the
amount such Participant is required to own). Other Participants, which are referred to as “Voluntary Purchaser
Participants”, are permitted but not required to purchase and own Common Shares in amounts proportionate to
their respective use of the services of the Clearing Agencies. Accordingly, any such Participant will be (1)
permitted but not required to purchase Common Shares to the extent, if any, that a share deficiency exists (i.e.,
the amount of Common Shares such Participant currently owns is less than the amount such Participant is
permitted to own) and (2) required to sell Common Shares to the extent, if any, that a share excess exists (i.e.,
the amount of Common Shares such Participant currently owns is greater than the amount such Participant is
permitted to own). Some Participants are not offered Common Shares at all and are therefore not entitled to
purchase any Common Shares.
Under the Shareholders Agreement, the Mandatory Purchaser Participants are those Participants that utilize the
core services of the Clearing Agencies, including the depository and book-entry transfer services of DTC and
the guaranteed services of NSCC and FICC. As a result, the Mandatory Purchaser Participants consist of: (1)
a “Participant” other than a “Limited Participant” of DTC (as defined in the DTC Rules); (2) a “Member” of
NSCC (as defined in the NSCC Rules); (3) a “Member” other than a “Comparison-Only Member” or
“Sponsored Member” of the GS Division (as defined in the GS Division Rules) or (4) a “Member” other than
a “Cash Settling Bank Member” of the MBS Division (as defined in the MBS Division Rules). A Mandatory
Purchaser Participant must also be a Qualified Person as defined in the Shareholders Agreement.
Under the Shareholders Agreement, the Voluntary Purchaser Participants are those Participants other than a
Mandatory Purchaser Participant, as more specifically set forth in the DTC Rules, NSCC Rules, GS Division
Rules and MBS Division Rules. A Voluntary Purchaser Participant must also be a Qualified Person as defined
in the Shareholders Agreement.
Itsmyoption, yes. As long as you have some record that you had them and what the numbers were.
I believe Kcc etc have these records as well but good to have backups.
You have great numbers. Lets hope they pay out!
~ We've Always Agreed on the Important Things, A Fair and Equitable Return, ... ! ! ... I simply had an (inside) advantage regarding the irrelevancy of the wmi-lt, once it Closed within my (DL) friendship is all (forever' held close to the vest) ~
... I let go of any wmi-lt references, when it, the holding company's liquidation trust' was completed ... PR's, 8-K's etc ... to me ? all of that became irrelevant at its completion ...
Turning The Page Though ...
I've always said that I had never seen anything relating to a K', only a P' ... but ? this is cool ... However, I Continue to NOT believe in any (75/25) shared ratios of financial returns that have been promoted beyond the wmi-lt, now closed ... I CONTINUE to believe that the returns will be calculated individually by one's cusip' ownership and a submitted Release with an attached W-9' ... period' ...
I REALLY Like the numbers provided by JB92106 and DarkB4' ...
ADDED: as I've stated along with EVERYTHING' WaMu Purchased, I also own released K's ... so good ? (Cash is King LOL' the more the better)
just sayin'
AZ
AZ or anyone...........
Please help..............
I have escrows hidden away on my Schwab acco.
What do I need to do in reference to this post from AZ ??
Thanks kindly
where do you see any reference in this document that this DTCC is related to WMI, WMIH?????.........this document references shares in the DTCC only!!!!!!.... has nothing to do with the chapter 11 closing, or payments to equity holders outside the chapter 11 closing......also, give proof for your assertion that escrows removed from brokerage accounts pertain only to the chapter 11 closing.....your post is a pile of speculation at best, and a pile of cr*p at the worst......Lodas
Hi Folks, I phoned at least two banks, banks that have S.1 portfolios, I asked how long ESCROW will remain in the historic register.
The bank agent told me: until 2036.
Ergo: Nothing is lost, everything is prosecutable in case of need.
Those moles who scribble here in the room, do so for private reasons.
Folks everything will be fine bye bye
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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.
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