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~ There Is "NO" 75/25 Beyond The Holding Company wmi-lt's (Plan 7) Directives ... Now ?, with the wmi-lt "Completed and Closed" (direct from a personal friend ! !, and the Docs' ) ... Any 75/25 Split of ANY Financial Resources Are GONE' ... Past Tense ! ! ... period ~
... turn the page people' ... "it is what it is"
Original Released P's ... continue to be aligned with the WMIH Preferred Managing Sub ... SEC researchable pre BK and Post, Cash In / Cash Out, ... soon to be 10-K recognized AGAIN'
Original Released Common Share wamuq's ... continue as the Original Owners of the Entire WaMu Estate ... well beyond the Reorganized Holding Company
... and Yes, ... as a WMB Bond Direct Owner, that followed ALL of the Guidelines, ... Yes, semi-annual returns have continued, from the Wells Fargo Trustee ... the WMB Bonds are active and functioning, and are and continue to be serviced by a Sub of (XXXX) ... however, the (ol' cactus) mb' reporting of same* has stopped for obvious reasons ... the world is a bit larger than this "arena" LOL ... and, koolaid flavored coffee, can, and has caused dizziness' ... LOL ...
"Abba Da Ayy"
just sayin'
AZ
You are taking out your anger on the wrong people. Lodas is posting very good documentation, and is asking real questions. Instead of trashing fellow Investorshub COOP posters, why not start attacking the ones who are really responsible for your loss.
Try contacting Killinger, Rosen, JPM, FDIC, Congress, Judge Walrath, and all the other crooks who stole WAMU shareholder value.
WOW !!!!!!!!!!! YOU FINALLY SEE THE LIGHT SUNSHINE !!!!!!!!!!!!
Sorry you never signed Tho.......I'm sure RD will donate to the TROLL FUND when he is paid !!!
Killinger was highly compensated, while driving WAMU prices down to about $0.04 per share, rejecting JPM's bid for $8.00 a share.
While CEO of Washington Mutual in 2007, Killinger earned a total compensation of $14,364,883.
In 2008, he took home $25.1 million in compensation.
Killinger received a $15.3 million severance payment in Sept 2008 as well as a $445,200 lump-sum payment for vacation benefits & a $300,669 special payment.
LATEST $COOP PPS targets===>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
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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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WMIH: Here's how old shares relate in value to the new shares.
AI
