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And in Rosen's one little statement, all the obfuscation and misunderstandings reside. Did he mean WMB or WMI? THE biggest tell to me has always been the hedge funds that bought up the debt thereby allowing them in on the BK negotiations, and then used that information to trade on. Why would the hedge funds risk prison, equitable disallowance, and fines??????????? They already have more money than God. Really, why would they risk it for nothing????? PERIOD.
SAME HERE
R D
None of your links work all come up as page not found.
GO4AWILDRIDE
This will trigger the mergers of Coop
What is happening in the DTCC
https://www.dtcc.com/.../Files/pdf/2022/9/22/17380-22.pdf
https://www.dtcc.com/.../Files/pdf/2022/9/19/17370-22.pdf
https://www.dtcc.com/.../Files/pdf/2022/9/16/17367-22.pdf
https://www.dtcc.com/.../pdf/2022/9/15/REVISED-a9208.pdf
That’s right. From COOP is the tell now people are posting Lehman is the tell, joined at the hip, all nonsense.
You mean MONEY LIKE THIS
TRUTH YA REALLY WANT THE TRUTH ? WELL HERE IT IS
1.You can't set up a DST with NO ASSETs, you can't set up any trust with NO ASSETS.
Example;
How a Delaware Statutory Trust Works | DST Investment
https://www.re-transition.com › investing-delaware-stat...
Delaware Statutory Trusts typically require a minimum investment of $100,000, and an investor can acquire or exchange into ownership in one or multiple DSTs.
2. Trustee's OF A TRUST ARE PAID, HOW is KOSTUROUS being paid IF IF IF there IS IS IS NO MONEY IN THE TRUST?????????
3. When a trust has exhausted all of it's assets and have returned assets dues to beneficial interest holders per trust requirements, THE TRUST IS DISSOLVED.
HMMMMMMMMMMMMMMM think about it USING COMMON SENSE AND LOGIC and AND then tell US ALL there is NOTHING LEFT
1. A trust was set up
2. KOSTUROUS IS IS IS BEING PAID
3. THE DST HAS NOT BE SHUT DOWN
NOW HOWDAYDODAT with NO MONEY just like HOWDAY pay the lawyers almost A BILLION DOLLARS during this case
LOGIC and COMMON SENSE USE THEM THEY WORK
Wamu already received everything they will get from a LIBOR payout it was only in the millions and it went to the FDIC….
Yes they were deemed worthless and today they are were zero…..
Now you are attaching escrows payout to Lehman…..really……
Sorry about your issue:
EscrowFluenza is a direct result of not signing timely releases by 3/2012 to receive NewCo/WMIH shares and Future Distributions
Definition of EscrowFluenza - one becomes very irate, irritable, hateful, low self esteem, dizzy, sleepless nights and volatile at the very mention of Large Style monies returning to INVESTORS WHO SIGNED TIMELY RELEASES BY 3/2012
xxx
You know People Lie Right? There was nothing for Common yet we received Stock in the New Company. You put too much trust in Strangers. Especially well dressed Liars! It’s their a Job to Lie!
$0.00 PER COMMON
$0.00 PER PREFERRED.........more like escrows reality innit.
Best part is, even if any recovery is real, I get to go fight with my broker to return my shares and what I’m owed… yeah, right.
One thing that is real IMO is that this economy is going down the crapper!
What a travesty and a case study of the crooked system that permeates our financial system and markets.
lodas, lodas, lodas, come on, Rosen was working the WMI bankruptcy. Theoretically, even if he had knowledge of safe harbor assets, he could not speak about them because they were not part of the bankruptcy.. Exactly why everytime Susman and Godfrey brought them up, Walrath shut them down.
Nice try.
ND9
WAMU securitized 2 trillion i RMBS?....there needs to be a link to that statement....why didn't this sum of assets ever appear in court, and how did lawyers and accountants miss this huge sum of money?........the POR 7 says that WAMU forfeited all its assets to JPM because the cost to litigate would have taken many years, and huge court costs, and besides JPM was threatening a 27 billion dollar claim against WAMU if they pressed court action....in return for forfeiting their assets, WMI got 4 billion in depositors funds, and 2.5 billion share in the tax refunds...that money, along with about 400 million, WMI created the WMIL-T, and paid off Creditors to bring WMIH out of chapter 11...its all in the POR 7, and chapter 11 closing..... a must read.....Lodas
Rosen said WAMU had no safe harbor assets as they were all sold to GSE (government sponsored entities)....the whole purpose of the MBS was to sell them off as fast as they were written to convert them back to cash... why would WAMU hold 1.5 trillion dollars of dead money....besides, the LIBOR lawsuits were settled, and the FDIC received WAMU's share, if any.... there still is a 16 billion dollar hole in WAMU's balance sheet held at the FDIC.... Califano testified to that in court....Lodas
According to the FDIC;
“WMB Securitized $2 Trillion in RMBS of which $500 Billion was sold to government agencies like F&F.
Those RMBS where insured as required by the offering’s Prospectus by Derivative Contracts that have not been resolved as of yet.
This is why WaMu, Lehman’s, F&F Safe Harbor portfolios have not surfaced yet.
Just needs to resolve the LIBOR loss put backs.
That is why AAOC so aggressively wanted WaMu.
But we got it,
Ron
many of you that are expecting more returns for F/R signed documents thinking that more returns were coming after the chapter 11 closed...at the time these release signatures were made available, no one complained... not even the hedge funds who seemed to be expecting more returns... why didn't the "big whales " complain when they signed the releases?....probably because they read and understood what was agreed to in the POR 7....these hedge funds would have put up resistance to what Sussman and Willingham got for equity... yet they did not complain...only retail investors are complaining after 10 years since the closure of the chapter 11...I don't see any court cases challenging the F/R they got...so, my point?... the time to complain about your F/R, if you though it was not fair, was before signing the releases, and instruct Sussman and Willingham to re open mediation discussions... no one did....Lodas
Did you hear maybe the EOY this year or next year or next year or next year…,,,
Price drop today was bank…….
It is not a demand either..,. As if they are going to jump if you ask…,really
disposed and wiped off,thanks for your help.
Resolve! This is all About Derivative Contracts Resolve.
LIBOR interest rates governed most of the Derivative market which insured the ABS market like RMBS.
WaMu, Lehman’s, and F&F.
Ron
Yeah, just a few more months. Except, in a few more months when nothing happens, a new timeline will emerge. Yawn.
THANKS LG...........whats a few more months......I've always said "2 times PLUS " !!!!!!!!!!!!!!...that would be worth the wait !!!!!!!!!!!!
in the end, the only thing that matters with the WAMU saga is what the judge signed into law....WMI went through 4 years of litigation with various parties, failed to pursue the assets that legally belonged to them, they went through many court hearings about assets and whatnot, but the seminal question remains... what was the outcome of it all?....two documents were adjudicated into law, namely the GSA, and the POR 7 together, and the chapter 11 closing... all else does not matter, because it was never signed into law concerning returning assets to shareholders, off balance Trusts, 86 billions discussed in court... none of that matters... only what was agreed upon by all parties to the chapter 11 closing....in this document, Creditors claims were paid in full with interest, old shareholders were given stock in the new company.... that is what the judge signed into law...that is what Sussman and Willingham agreed to for shareholders F/R...that is LAW.. nothing will change it, short of reopening the chapter 11 by disgruntled shareholders... sorry guys, even if WMIH has quadrillions of remote assets, they were not part of the chapter 11 closure, and signed by the judge.... Lodas
what difference would it make?
where I stand or don't believe will not change a thing.
LG
IF IF IF THERE IS NOTHING ANYWHERE THAT IS LEFT TO DO HERE, THAN WHY IS THIS STILL ONGOING.
Common sense and logic use em, THEY WORK Why is the receivership still in play.
LOOK UP THE MEANING OF RECEIVERSHIP::::::::
IN bobophrased
TAKING CONTROL OF and MANAGING ASSETS TAKING CONTROL OF and MANAGING ASSETS
HMMMMMMMMMMMMMMMMMMM ASSETS
ASK yourself WHAT DID A&M MANAGE OR DO ACCOUNTING ON for several years @ $500,000 per quarter.........
SO did A&M scam the COURT in their filing for compensation?
IF IF IF NOT ask what were they accounting for and managing and keeping books on ??????????
NOTHING??????? ME DOUBTS THAT
LOGIC AND COMMON SENSE USE EM THEY WORK
NOT NOT NOT IF AS YOU IMPLY,
"""THEY ARE WORTHLESS and YOU WILL NEVER GET ANOTHER PENNY>>>>>>>>>>>>"""
.10 beats nadda then ya agree with WOWALTERS in his 86B
Seems ya need to FINGER OUT WHERE YA REALLY STAND or What you believe or don't believe as far as WMI/WMIH/COOP/ LEGACY EQUITY. goes
YES...
Live in TRUTH then you will have FAITH...
diamond, something to think about regarding timing. Keep this in mind first. There is no way the legal teams could have predicted what happened so far (equity surviving plus other actions) not to mention timeframes.
However, experienced legal teams would have known the BK process and what must happen in exact order such as WMILT cancellation/dissolving prior to any distributions NOT to mention Safe Harbor, BK/Remote assets being legally hidden from the active Delaware BK cases.
Now, let's handicap what has happened:
1) BK cases closed 12/20/2019
2) BK cases formally terminated 1/23/2020
3) WMILT CANCELED and not to be confused with dissolved on 12/31/2021 which means there are more actions (what actions if NO assets...Hmmm) AFTER cancelation otherwise WMILT would have been dissolved first
4) UWs fighting for three years to keep COOP from having to answer asset questions while keeping Alice at bay never disclosing anything
5) Ministerial Details completed on or before 3/31/2022
6) Escrow Markers expedited removal by WMILT around 2/8/2022
7) It appears Libor coming to an end by late October 2022 while Rosie mentioned over two years ago there would be little to no monies coming from Libor BUT how could he possibly have known this over two years ago unless just purposeful delays to get to an agreed timeframe for distributions
8) Lehman also filed bk in 9/2008 with the same law firm that handled WaMu and their cases are coming to an end by late October 2022 or before and we know Lehman and WaMu were almost connected at the hip
9) To me, this ALL points to some sort of resolve and/or knowing about future distributions before yearend 2022
XXX
It's not a request...
It was bad enough you stating the WMILT was still operating….now this…really…
There is nothing left…kosturos still being paid is like the coffee lady winning an appeal
105k @ close,491k AH,1.2M total======>don't get fooled by the MM! Somebody wanted these shares! As I wrote earlier I added today again (39th time)
LG...so true....but how long can they drag this ?? there must be a LINE in the SAND somewhere..........a DROP DEAD DATE !!!!!!!!!!!!!!!
WHEN is the BIG question....not the amounts anymore......
Oh yeah let’s not forget the 60k per p.
Yes,
would love to see it, BUT, have lost faith.....
Yeah….they are trembling with your request to pay out 86 billion…
Bbanbob, your post is EXACTLY SPOT—CORRECT. Facts can be troubling
1. A trust was set up
2. KOSTUROUS IS IS IS BEING PAID
3. THE DST HAS NOT BE SHUT DOWN
Xxx
The range of expectations is mind boggling...nothing to $60,000 per... (smile)
JHD
I agree $3 per Q and $100 per P is an insult. Focus on this. Scientific Forensic Accounting is an extremely accurate reading of what common shares of WMI were worth in 2012. The FDIC owes the releasing shareholders of WMI $86B plus interest until they pay. Eventually they will have to.
Updated On 2022-08-30
Expires On 2023-10-17
https://who.is/whois/wmitrust.net
TRUTH YA REALLY WANT THE TRUTH ? WELL HERE IT IS
1.You can't set up a DST with NO ASSETs, you can't set up any trust with NO ASSETS.
Example;
How a Delaware Statutory Trust Works | DST Investment
https://www.re-transition.com › investing-delaware-stat...
Delaware Statutory Trusts typically require a minimum investment of $100,000, and an investor can acquire or exchange into ownership in one or multiple DSTs.
2. Trustee's OF A TRUST ARE PAID, HOW is KOSTUROUS being paid IF IF IF there IS IS IS NO MONEY IN THE TRUST?????????
3. When a trust has exhausted all of it's assets and have returned assets dues to beneficial interest holders per trust requirements, THE TRUST IS DISSOLVED.
HMMMMMMMMMMMMMMM think about it USING COMMON SENSE AND LOGIC and AND then tell US ALL there is NOTHING LEFT
1. A trust was set up
2. KOSTUROUS IS IS IS BEING PAID
3. THE DST HAS NOT BE SHUT DOWN
WHO WOULD PAY $30 B DOWN THE ROAD?.
"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."
You deleted my earlier reply but you proceed to continue the subject yet your reasoning for deleting my reply was "off topic"?
NICE!
The man asked me to give a number, so I did; If you call $3.00/Q
and $100.00/P optimistic, then you certainly have spent the last
1.4 decade on this board for less than peanuts.
I used to be optimistic- and not because of repetitive cut n' paste posts about loving one's escrows- which by the way- are gone,
but after 14 years..... who in their right mind would blame me for lacking in optimism;
$3.00.Q and $100.00/P would be insulting.
My broker is not my accountant so asking them is a waste of your time... That is why my accountant does my taxes and my broker buys and sells my stock... Should I ask my broker to wash and wax my car this weekend? Simple logic goes a long way in life... Have a great day my friends!!!
EXO
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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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