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This statement is from the amended POR 7, page 95, and 96..... your expected recovery depends on how you read the contents as a legal document, and not what you want it to say.....
41.2 Discharge and Release of Claims and Termination of Equity Interests:
(a) Except as expressly provided in Section 41.6 of the Plan or the Confirmation Order, all distributions and rights afforded under the Plan and the treatment of Claims and Equity Interests under the Plan shall be, and shall be deemed to be, in exchange for, and in complete satisfaction, settlement, discharge and release of, all Claims and any other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities of any nature whatsoever, and of all Equity Interests, or other rights of a holder of an Equity Interest, relating to any of the Debtors or the Reorganized Debtors or any of their respective assets, property and estates, or interests of any nature whatsoever, including any interest accrued on such Claims from and after the Petition Date, and regardless of whether any property will have been distributed or retained pursuant to the Plan on account of such Claims or other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, or Equity Interests or other rights of a holder of an equity security or other ownership interest. Upon the Effective Date, the Debtors and the Reorganized Debtors shall (i) be deemed discharged under section 1141(d)(1)(A) of the Bankruptcy Code and released from any and all Claims and any other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, and any Equity Interests or other rights of a holder of an equity security or other ownership interest, of any nature whatsoever, including, without limitation, liabilities that arose before the Effective Date (including prior to the Petition Date), and all debts of the kind specified in sections 502(g), 502(h) or 502(i) of the Bankruptcy Code, whether or not (a) a proof of Claim based upon such debt is filed or deemed filed under section 501 of the Bankruptcy Code, (b) a Claim based upon such debt is allowed under section 502 of the Bankruptcy Code (or is otherwise resolved), or (c) the holder of a Claim based upon such debt voted to accept the Plan and (ii) terminate and cancel all rights of any equity security holder in any of the Debtors and all Equity Interests.
(b) Except as provided in Sections 41.6 and 41.12 of the Plan or the Confirmation Order, all Entities shall be precluded from asserting against any and each of the Debtors and the Reorganized Debtors, and any and each of their respective assets, property and estates, any other or further Claims, or any other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities of any nature whatsoever, and of all Equity Interests, or other rights of a holder of an Equity Interest, relating to any of the Debtors or the Reorganized Debtors or any of their respective assets, property and estates, including any interest accrued on such Claims from and after the Petition Date, and regardless of whether any property will have been distributed or retained pursuant to the Plan on account of such Claims or other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, or Equity Interests or other rights of a holder of an equity security or other ownership interest. In accordance with the foregoing, except as expressly provided in the Plan or the Confirmation Order, the Confirmation Order shall constitute a judicial determination, as of the Effective Date, of the discharge and release of all such Claims or other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, and any Equity Interests, or other rights of a holder of an equity interest and termination of all rights of any such holder in any of the Debtors, pursuant to sections 524 and 1141 of the Bankruptcy Code, and such discharge shall
96
void and extinguish any judgment obtained against any of the Debtors or the Reorganized Debtors, and their respective assets, property and estates at any time, to the extent such judgment is related to a discharged Claim, debt or liability or terminated right of any holder of any Equity Interest in any of the Debtors. As of the Effective Date, and in consideration for the value provided under the Global Settlement Agreement to effectuate the Plan, each holder of a Claim or Equity Interest in any Class under this Plan shall be and hereby is deemed to release and forever waive and discharge as against each and any of the Debtors and the Reorganized Debtors, and their respective assets, property and estates, all such Claims and Equity Interests.
The contents of this document was extant at the time releases were asked to be signed years ago, but some on this message board refused to read it, and vilified those who were pleading others to read it!!!!!......There is, and never will be additional payouts to any common and preferred equity holders according to the above document signed by all those that negotiated the POR 7 amended document... Lodas
Uptick...do you have any idea why WMI asked for W-9s from released shareholders?. Escrows are gone, i second that, Do you know why WMILT mentioned Alice Griffin was a former trust beneficiary and incase of further distribution to former Trust beneficiaries, she would get her allocated part?.They mentioned this in year 2021 after they initiated winding-down.Thats reality and you have no clue. If you have coop and happy, be happy.Why do you finger with former equity holders?.
Good for you. We all hold to what works..
JHD
Yeah...that's why he made that short message and disappeared.
Yet Cactus status soon which could be decades or longer….so far no action to distributing anything to old escrows….
It’s amazing that Bologna knows more about this stock than the rest of the analysts and shareholders, combined.
Oh Rah T
Semper Fi
And I can say with a great deal of confidence that My staff and I along with several other long time holders of Escrow Shares have seen several Court and Government Documents obtained through FOIA.gov filings that prove you and your buddies are wrong, but you can believe what you want as it's no skin off my nose. Carry On!
NDT, I do not see it either unless he said it during the CC this morning but surely other people would have heard it as well.
No other comments regarding this potentially huge revelation.
..,
MadBadger, in link you posted, where does it say that there are two new "shareholders" and one of them holds Trust accounts of the Estate? Am I just missing it? I don't see it..
thanks,
ND9
You hold tight to your one percent, that doesn't exist. I'll stick to what I know.
It's served me extremely well in life.
Yes they were “deemed” but that does not mean the “absolute truth”…it means they were regarded or considered. Thus lies the one percent hope I have.
And you’re not living in reality to disregard the potential of anything.
Never forget the one percent.
Kindly,
JHD
How are you to comprehend my factual post about escrow fantasy, as a pessimistic outlook on life? Quite the jump, from what I posted, to me being pessimistic on life.. Maybe you're projecting. Idk..
I love my life! I love my family! I love my friends! I also love the freedom I have achieved through being intelligent, and living in reality!
I care not about your company. I'm not looking to be employed, and have someone elses signature on my checks. You talk about hope, but in reality, it's delusional fantasyland nonsense, born of denial. There is no hope for escrow distributions...
They were deleted because they were deemed worthless, with no further distribution.
Cheers!
Well, on one hand, you wouldn’t have made it through the front door of my company given your pessimistic outlook on life. I always hold a one percent chance for anything.. but you are correct when examining COOP. It is the deal and will be a big deal and applause to those that took advantage of the share price when it dropped back.
JHD
It will not be old escrows….that much we do know….Coop has been doing wonderful looking for the price moving up
I can say with 100% confidence who it isn't.
Any connection to deleted fantasy escrows.
I'm surprised it took until this evening to attempt to connect today to fantasy. Usually it happens earlier in the day...
Is there anything you guys haven't tried desperately to connect to the fantasy nonsense?
Another earnings comes and goes, with no mention of fantasy nonsense by $COOP. Many more years of this to come.
On a bright note! $COOP is doing awesome! And continues to rise, without any fantasyland nonsense!!
Cheers!!
Jay Bray: . You know we boarded [$130 billion] (ph) in the first quarter and our actual little compensation expense went down and we think we could board a [$100 billion] (ph) portfolio today and add less than 50 people. .
Jay Bray: But we're very, very bullish on the opportunity, and we just actually bought some additional portfolios this week."
1% in (new notes) might be close to buying $100 Billion in MSR's. Compass Point's, Giuliano Bologna just raised his Target to $95.00, it very conceivable that he learned of COOP's new Billion Dollar Notes and perhaps knew of an offering on new MSR in the $199 Billion range. The auction information and the winners Name is easily obtained. So who was the Buyers of the new 1 Billion in COOP notes?
My research leads me to believe this transaction was postpone until after the end of the First Quarter and has now possibly taken place, hence Compass Points new target of $95 and me raising my estimate of today's Price fro $82 to $84 + , we did hit the $82 Dollars today and the May Options at this hour indicate a range of $86-$87. I do believe Giuliano Bologna is onto something that wasn't observed by the other analysts and they will be raising their targets in the next few days to 2 weeks.
Wow, who could be the lucky Beneficial Owners of the new 1 Billion Notes that are getting such a handsome return for the next 8 years? Any Guesses?
SECTION III: ·waiver of Dividends and Proceeds from Litigation
To the extent, if any, that MMMC is or was a shareholder o:f W aMu or its holding
company and by virtue thereof is or may be entitled to a dividend, payment, or other distribution
upon resolution ofthe receivership ofWaMu or proceeds in any litigation that has been or could
be brought against Federal Deposit Insurance Corporation in any capacity or against the United
States based on or arising out of, in whole or in pa.it, the closing ofWaMu, or any alleged acts or
omissions by Federal Deposit fusurance Corporation in any capacity, the Unitect·States
government, or any agency or department ofthe United States government in connection with
WaMu, its conservatorship, or receivership, MMMC hereby knowingly assigns to FDIC-R any
and all rights, titles, and interest in and to any and all such dividends, payments, or other
https://www.fdic.gov/foia/plsa/10015-wamu-masonmcduffie-mortgagecorp-2023.pdf
Thanks Pick... ♥️
JHD
I see...$4.137B in unsecured senior notes. Could you further explain what you mean by over leveraged?
JHD
That does suck. I pray she has better days!
Was a great close..
JHD
Trying to figure out the top of the new escalator is the hard part. 85,90,100,200 LOL
JWW. Daily closes inserted
Date Open High Low Close Adj Close Volume
Apr 24, 2024 81.00 81.98 78.39 81.72 81.72 1,043,594
Apr 23, 2024 78.48 80.21 78.47 79.48 79.48 596,800
Apr 22, 2024 77.68 78.62 77.28 78.06 78.06 453,800
Apr 19, 2024 75.61 77.67 75.61 77.55 77.55 389,200
Apr 18, 2024 75.76 76.76 75.69 75.77 75.77 271,800
Apr 17, 2024 75.90 76.57 75.28 75.71 75.71 208,600
Apr 16, 2024 75.30 76.01 74.49 75.56 75.56 194,400
Apr 15, 2024 77.16 77.17 74.71 75.49 75.49 271,900
Apr 12, 2024 76.62 76.96 75.00 75.87 75.87 273,100
Apr 11, 2024 76.55 77.29 76.03 77.22 77.22 279,700
Apr 10, 2024 75.83 77.72 75.32 76.45 76.45 498,800
Apr 9, 2024 78.51 78.54 76.25 77.57 77.57 245,600
Apr 8, 2024 77.68 78.15 77.06 77.54 77.54 463,800
Apr 5, 2024 75.92 77.53 75.53 77.13 77.13 602,300
Apr 4, 2024 76.20 76.90 75.44 75.94 75.94 376,900
Apr 3, 2024 75.49 76.23 75.06 75.74 75.74 507,900
Apr 2, 2024 75.79 76.26 75.16 75.84 75.84 401,400
Apr 1, 2024 77.46 77.67 76.59 76.74 76.74 321,900
Mar 28, 2024 78.28 78.53 77.76 77.95 77.95 600,000
——————-
GogoooooCOOP-
Have a great evening people-Ts
GLTA-Ts
Well all in all still nice close today ,AF #s ,let’s see what tomorrow brings with COOP-OTIS, I HOPE 80+ is the new escalator
After Hours Time (ET) After Hours Price After Hours Share Volume
18:03:27 $82.18 1
17:51:25 $82.19 1
17:35:15 $82.19 2
17:23:27 $82.18 1
17:15:57 $82.25 13
17:15:15 $82.21 13
17:01:22 $80.14 1
16:47:00 $82 50
16:34:14 $82.15 29
16:34:10 $82.15 1
16:21:44 $82.2 100
16:13:24 $81.72 7,500
16:06:40 $80.14 1
16:01:50 $81.72 16
16:01:28 $81.72 128
16:01:24 $81.72 1,188
16:01:17 $81.72 704
16:00:46 $81.72 5
16:00:40 $81.72 114
16:00:03 $81.72 210
16:00:01 $81.72 109
16:00:00 $81.72 67
16:00:00 $81.72 584
16:00:00 $81.72 1,251
GOGOOOOOOCOOP
Have great evening people GLTA-Ts
Thanks Pick. I agree. My last parent. The long slide and deteriorating effects of Alzheimer’s sucks
JHD
https://www.courtlistener.com/docket/4215192/12735/1/washington-mutual-inc/
Page 7
Provider further, however that,
(a)in the event that former Trust Beneficiaries receive a distribution and,
(b)Griffin is a fomer beneficiary of the Trust, Griffin shall be entitled to receive her allocated portion of any such distribution.
Short-interest slightly increased to 1.65M as of 04/15/2024
Mom’s are the best. I hope she gets better.
Thanks MB. But how would that impede JPM making its payment for WMB ( and not the 1.9B crap spewed by the resident naysayers) ?
Thanks Mad. Yes mom not so good but thank you.
JHD
Also 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
It's a 30 mil offering of which 545,000 has been sold. Long way to go for a merger. Acquisition or exchange to take place
You’re are welcome. It’s only right to congratulate you on a 890% Return. That is Phenomenal!
Also, I hope is well with Mom and the Family.
>>>>>Mr. Cooper delivers $181M profit in Q1 2024
https://www.housingwire.com/articles/mr-cooper-delivers-181m-profit-in-q1-2024/
Bray also reintroduced Pyro, Mr. Cooper’s patented mortgage-centric AI platform that the company has been developing since 2019 in partnership with Google. The platform harnesses the power of machine learning and Google Cloud Document AI capabilities to identify and sort thousands of important documents.
https://www.housingwire.com/articles/mr-cooper-delivers-181m-profit-in-q1-2024/
Az COOP was over leveraged before this report. Now they have added an additional $1B in bonds. Yet I do not see an additional $1B on the balance sheet. What is missing?
Semper Fi
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X Yes
https://www.sec.gov/Archives/edgar/data/1876566/000187656623000001/xslFormDX01/primary_doc.xml
>>>>>Mr. Cooper Group report top and bottom-line beat in Q1
https://www.investing.com/news/stock-market-news/mr-cooper-group-report-top-and-bottomline-beat-in-q1-93CH-3393549
LATEST $COOP price targets==>Compass Point:$95, Piper Sandler:$88, DEUTSCHE BANK:$88, UBS:$86, KBW:$86, Barclays:$85, Wedbush:$85
And right on cue, they bring it into the red....
Only cactus opinion matters…..yet if he was even close to being right…a distribution would occur just for the interest….yet nothing….
Translation please. XOOM, help.
Quote: “... only allows for a "ONE" Sided Opinion ~ “
One sided opinion—cactus….yet for years….soon has brought nothing….except a make believe payment to only cactus….you can not make this up…
~ hmm' ! ... "WMI / WMIH / now symbol COOP" ... only allows for a "ONE" Sided Opinion ~
necessary to control, and simply more proof' ... later'
just sayin'
AZ
Lower rates, higher volume
Trump in.. lower rates.
JHD
And doing this at a time when many people are saying the economics of our nation are in disarray.. if this is the case wait till this whole monster turns around.
JHD
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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
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
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