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They were not also paid as we were not also paid through the WMILT…..for class 19……maybe cactus was paid….that is a fact….
Cactus stated soon….which could be another 15 years….now he has you hooked……you still trying to see if he will share information with you……
About Pfds issued or allowed as LG says can be given for Ps. This was also talked in 2013, the paradox was , WMIH was only a 200 M Co. How they can issue pfds of 10B and those were approved by stock exchange. This indicates some assets exist outside court proceedings.
Even one day Rozen said in court" Assets are there examiner do need to look at those. Let our equity committee go after those assets." I heard court proceedings on phone.
I never thought this will take such a long time. Now there is no equity committee. No clear situation.
Did Uncle Sodas send the invitation for the Malibu party already ?
Payday is almost here. I am guessing he will send via snail mail, that sometimes gets delayed.
Hard to beat concrete facts
1.Uw's fought tooth and nail to maintain a measly 1% in worthless paper and spent several million $ to do so according to some here.. IS THIS LOGICAL
2. Preferred was NEVER RV'd 12/1 IS THIS LOGICAL COMMONS WERE RS
3 The court ordered that one of the BOYZ sell 800K K;s PREFRDS notice not one of them was forced to disgorge ANY COMMON SHARES were they HMMMMMMMMMM
4. We have 3 Wells fargo Accts that have been receiving mortgage payment now for 15 yrs
5. WE HAD a 1031 exchange WHY WITH NO PROPERTY to PLACE IN IT Is this logical
6. WE currently have a DST. Trusts can NOT be set up with nothing in them..................IS LOGICAL
Sounds to me like there is still something out there , imho THIS IS ALL ONE NEEDS TO KNOW
Now WHENNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
Ray
""but what points to some hope is UWs struggle to take 1% Ps class 19 and issuance od 10B preferred stock by WMIH:::
Nobody that SMART spends several mill $$$$ to fight for 1% of a worthless issue in ""EQUITY"" that will NOT RECEIVE anything !!!
REMEMBER the UW's had ALL MOST a full year past 3/19/2012 to decide where to be placed and elect to participate and they DID NOT GET reversed 12/1
Also the 10 mill prefrds HAVE NOT BEEN ISSUED nor have they been assigned a face value as of yet
You “live in USA” and believe that you can send the DOJ and the Police to help you with people who have a different opinion than you?
Best of luck…
Key may I suggest you reread AZs recent posts and XOOMs interpretation! Keeping in mind that WMI was a non banking holding company! All the the non banking subsidiaries were excluded from from the bankruptcy by the judge! Confirmed by the FDIC and valued at $40Billion in assets(2008 Book Value). And all the MBSs(Trusts) and their bankruptcy clauses were confirmed by the DC Circuit court. Those trust payments are for WM commons shareholders mostly and preferred shareholders in the Preferred Managing Subsidiary. 15 years of dividends and interest income! Also we should thank Lodas for the big party he is going to throw in Malibu CA when we get paid!
Semper Fi
To put somebody on ignore doesn't help!
We need arguments and good discussions from both sides.
That's too simple said and not the answer to the questions where the money has gone to. Further I remind also the found gap from Nelson, which he has presented in court. All these things have not been clarified yet in detail and thus there is still hope. Or can you disprove these topics with real arguments ??
pick and loda you both are on ignore, don't bother me with responses any more.I live in USA and i can request the Department Of Justice and Police to help me out from you two users,24x7 bothering former equity.Why do you question me?.Mind your business dks.
Looking for the same news, strange no body is talking about LIBOR any more.
CONSERVE AND PROTECT, simple words with BIG impact.
What did they CONSERVE AND PROTECT, starting with Mr.Mc Mahon?,
May be never heard in the history of BK courts as mentioned by one of the creditor's law fiirm.
Yes true, looks like court never listened to that, but what points to some hope is UWs struggle to take 1% Ps class 19 and issuance od 10B preferred stock by WMIH. THIS indicates something is there but main problem is WHEN?.
So where is the 86 billion???? You seem to think you know the truth….so where is it in Cactus’s Wells Fargo account….what ever was left was donated to charity……
The WMILT is done and the administrators are gone….you have contact information for both Doreen and chuck….why not just email them..
It does not matter, you can keep repeating Dr A’s assumptions because the bk did not…….
did you read the link to the 2013 WMIH 10-K fresh start accounting made by independent auditors that I posted this morning?......specifically did you see the part where no current court cases were being administered post chapter 11 closing?....did you read where all assets of the 7 reinsurance trusts were liquidated and placed in the WMIL-T for disbursement to creditors?....did you read where WMIH HOLDS NO OFF BALANCE SHEET ASSETS!!!!!!.....did you read where WMIH was valued at 75 million dollars if sold right out of chapter 11?....did you read that there were 2 employees of WMIH that remained after the closing of the BK, the WMIL-T closed, and the remainder of the WMIL-T funds given to charity.... do you believe that Rosen was lying before a Federal courtroom, before a Federal Judge full of lawyers and accountants when he stated IN PUBLIC THAT WMI HELD NO SAFE HARBOR ASSETS AND THAT THEY WERE ALL SOLD OFF TO GSE'S????.......is it your contention that equity was cheated from further recovery when Susman and Willingham stated after the mediation hearings that the payments in stock given to equity holders was "Fair and equitable"...., and that they were lying about WMI not hiding Safe Harbor assets?....do you have evidence that WMI hid assets from the bankruptcy court when WMI stated both reportable and non reportable asset were placed in the WMIL-T for disbursement to creditors, and if so, where are these assets, and how much are they?....do you possess facts about your assertions, or are they gut feelings?.... do you read the filings as presented to you in official format to the SEC, or do you dismiss them as just lies?....what is your purpose of still investigating the WMIL-T when it has been closed, administers removed, and all remaining funds left over given to charity....in short, it is now defunct without funding, or officers, or a trustee to administer it?....do you believe that further recovery is coming, what is your source, other than posters on the message board....Lodas
MODS please sticky note this message 726151 too.Thanks in advance.
CONSERVE & PROTECT FROM MR.FOLSE's WORDS TO MR.SMITH AND MS.LOGAN's APPOINTMENT AS ADMINISTRATORS
In 2010 or 2011 Mr. Folse in the court about $30 Billion or more flowing back to estates down the road.
-------------------------------------------------------------------------------------------------------
And frankly,
4 Your Honor, it would imprudent for the estate to do so relying
5 on the speculative ability to go out and recover up to thirty
6 billion dollars or more in money paid out to someone at
7 somewhere down the road.
In 2012 EC FAQ mentioned about sources of distributions and WMILT
--------------------------------------------------------------------------------------------
Equity Committee explained potential sources of recovery and what is LT clearly in 2012 by releasing this FAQ and LT agreement also covered about Trustee's limitations on the ASSETS.
https://www.sbroker.de/pdf/Washington-Mutual-Chapter11.pdf
In 2012 LT Agreement was executed with what Trustee can't touch
---------------------------------------------------------------
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
In 2020 after creditor claims were paid off.
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WMILT restated and amended LT agreement was executed in Jan 2020 and Trustee was relieved after class 18 is satisfied.In Jan 2020, WMILT appointed Mr.Smith and Ms.Logan as administrators of WMI Liquidating Trust.WMILT restated and amended LT agreement was made between certain parties who are unknown yet.In DEC 2021 they cancelled WMILT.Meanwhile who knows what they did with the whole Enchilada?.May be one hot ticker with some good dividend pay is my wish.
RESTATED AND AMENDED LIQUIDATING TRUST AGREEMENT WAS NOT RELEASED TO PUBLIC.
IMO NEW TICKER 1:1 WOULD BE VERY NICE AND PROBABLY WE MIGHT SEE IT SOON.
In 2024 wmitrust.net is still active.
Agreed.
I believe you think you're truthful, but you will never see another dime here.
The truth will set you free
It is really a lot healthier to live in truth...
Check into Scientific Forensic Accounting...
Scientific forensic accounting is completely and totally accurate and truthful. It also can be reproduced 20 years down the road.
Anyone who believes that $86B is completely gone is not telling the truth to themselves...
Very sure!!!!
He may still be alive.
Dr A’s assessment or whatever you call it was never used in the bankruptcy case aside of just being read in court…..they still closed the bk and WMILT and never put another thought into Dr A’s assessment….hosen had no use for it…..don’t get me wrong it would have been nice but never was used….
Got that right and this one has looping arches, big swings like the pit and the pendulum!
JHD
Dr A is long gone, had incomplete information, and is irrelevant.
You can cry about him being a forensic accountant all you want. It changes nothing.
"Dr. A's 2012 value of WMI after all notes, bonds ( P,K), and interest were paid...$86B..."
So does anyone really believe that this $86B is all gone?
You're afraid of the truth.
You're comfortable with many more years of failure, without it.
Soy boy.
No harm in having a conversation.
Unless the truth scares you, like most around here.
If I lived by her, and had millions on the line, I wouldn't hesitate for one second.
Sure why don't you knock on your son's school teacher's home door. Or the local sheriff's home door. Or your bank manager's home door.
Come on man. Leave people alone in their home. It's stalking. STOP please. I understand your anxiety about getting paid but bothering people in their private life just ain't cool. Relax. Ask your doctor for some valium.
Equity Committee explained potential sources of recovery and what is LT clearly in 2012 by releasing this FAQ and LT agreement also covered about Trustee's limitations on the ASSETS.
https://www.sbroker.de/pdf/Washington-Mutual-Chapter11.pdf
"as we're hopefully nearing the end of this 15 yearish saga, perhaps she would shed some light on things."
"as we're hopefully nearing the end of this 15 yearish saga" Don't bother her, imo.
Az. You mentioned you had some type of working relationship with Doreen Logan. Let me tread lightly here. Her home/office isn't far from me here in queen creek. I'm sure I could muster up the courage and knock on the front door and tactfully ask certain questions about distributions etc. In the past some here dissuaded me from doing so but now as we're hopefully nearing the end of this 15 yearish saga, perhaps she would shed some light on things. Others here may wish to opine also. Just don't shoot this messenger for trying to get some answers.
GO4... Thank you, appreciate it.
newflow
DONE
GO4AWILDRIDE
IT DEPENDS ON THE TIMELY RELEASES.ESCROWS WERE CREATED TO GET REMAINING SHARES FROM DEE.LEFTOVER SHARES WERE DISTRIBUTED IN JAN 2021 AND ESCROWS WERE REMOVED IN FEB 2022.WMILT CLOSED ITS TAX BOOKS WITH STATE OF WA REVENUE DEPARTMENT IN SEPT 2023.WMITRUST.NET IS STILL ACTIVE IN 2024 THRU OCT 2024.
Nonsense.
More failed nonsense.
Deemed worthless with no further distribution.
Worthless.
No further distribution.
Deleted.
Trust is cancelled in Dec 21, but continued ADMINISTERING in 2022 and beyond. What happened to the PROTECTED AND CONSERVED ASSETS?. Two administrators were appointed for that purpose with an agreement with other parties. OUTCOME IS YET TO SEE.
It’s how a pendulum swings!
You base just about everything on unseen, hidden, non-existent fantasy nonsense.
This is why not once in 15: years, has any of them come true.
Do you still love your escrows more and more everyday? Or, was that love deleted, when they were deleted?
How about the to numerous to count, "emotional 8Ks" that never ever materialize?
What in the world is an "emotional 8K" anyways....? 😂. Is it different than a regular 8K? Is it something you just made up?
Going on two decades of 100% fantasy failure, do you think maybe there might be a problem with reading comprehension, and denial?
It's actually impressive... I've never seen 100% failure for a decade and a half straight.
You guys have resilience, I'll give you that. Although being born of denial... It's not so great.
Goodie, thanks for the clarification that assumes the ownership of assets at the 75/25 ratio would carry through, however ambiguous.
The ONLY reason this would be ambiguous with these highly trained and subject matter experts is because they planned it this way since Safe Harbor protected assets are not legally involved in an active bk case due to being well, PROTECTED.
The asset ownership if legally had to be explained would obviously (in my opinion) be in one of the 800 plus sealed document clarifying the ambiguous documents.
…
No thanks.
The trust is over, done...gone gonezo.
Before they wrapped up, they deemed escrows worthless with no further distribution, and ordered them deleted.
Mods please sticky note this message 726013. Thank you.
AGREE THERE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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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
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