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Subject to certain limited exceptions, the Liquidating Trust Interests are not transferable or assignable.
LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
https://www.sec.gov/Archives/edgar/data/1545078/000119312518097841/d503450d10k.htm
What exactly did they mean about submissions of W-9 or W-8 info?.
Let’s see how more vague can I be….just want to be relevant then tell people the truth…..this late in the game….i know something you don’t….
Yes….unfortunately a poster still uses XXXX in his comments when the truth he did not know who XXXX was now he is trying to claim soon…he has been saying that since 2017…..payment soon….
Why not? There's oodles of corruption in the gov't and wall st.
Everything is there, just not spelled out in plain simple English.
JPM dividend history. Only growing better with time.
https://www.nasdaq.com/market-activity/stocks/jpm/dividend-history
Prob is, that could be referring to class 16, more easily than 19 and 22.
It just too funny you trying to tell everyone XXXX….trying to be relevant……it has already been revealed you can say the name…money in your account only….really….
17
Table of Contents
Item 3. Legal Proceedings.
As of December 31, 2013, the Company was not a party to, or aware of, any pending legal proceedings or investigations requiring disclosure at this time.
This disclosure is from the WMIH 2013 10-K Fresh Start Accounting Document......
~ Good Morning, ... Aligned with COOP the 2018 acquired' servicing sub grouping, This Morning, and once again, (ol' cactus), As a Rule Following Direct WMB Bond Owner', The WMB Notes Have Been Updated Over Night in my accounts, to verify their continued servicing by an operational Subsidiary of (XXXX) ! ! ~
Great Work Boris' ... I also believe that this entire process is coming to a head ... and Thanks John' for that observation ! !
Oh, and just for continuity ?, ... The GSA was agreed upon between WMI and the FDIC. ... JPMC, as an allowed intervenor if it became necessary, never needed to take any interruptive actions' ...
"Judge Collyers" DC Dual Track, was settled MANY, MANY, Years Later, after the 2012 Reorganization, and well after the GSA agreements ... (Globic) the settlement can be researched and reviewed under the "GLOBIC" settlement ... there are also some very cool' connected cusips listed within those Globic settlement documents ... :) :) ...
"Abba Da Ayy" ... :)
just sayin'
AZ
why dont you ask a competent attorney to answer these questions instead of trolling the message board for answer?....I can assure you that from the quality of posts, and responses from these wanna be yokels, many have not even read one word OF ANY DOCUMENTS IN 15 YEARS!!!!!!!....here is your answer... you were given shares in the new company for your old shares in wamu which were cancelled , extinguished and removed from brokerage accounts long ago....WAMU does not exist, neither does WMI... they went into lala land when the chapter 11 closed.... these former corporate entities DO NOT EXIST ANYMORE!!!!!!....READ the 2013 WMIH 10-K Fresh Start Accounting document as compiled by experts, and supplied to the SEC... there are no HLCE Trusts that have been hidden from the equity holders.... WMMRC is the only Trust of WMIH which holds 34 million dollars .... its all in the 10-K, but you wont read it because it does not coincide with your theories about cheating and theft of WMI, and hedge funds, etc...BOTTOM LINE: WAMU AND WMI WERE BROKE AND RAN THE COMPANY IN THE DIRT... thats why it went into receivership!!!!!.... any questions?... ask the judge...your insipid and continual questions concerning this matter is boring, and should stop... Read the documents as they are written..... Lodas
DOES N'T IT SAY EQUITY RECEIVED LTIs?
SEATTLE, April 3, 2012 – The WMI Liquidating Trust (the “Liquidating Trust”), which was formed pursuant to the recently confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the “Plan”) of Washington Mutual, Inc. (“WMI”), today announced that on or about April 16, 2012, it will begin issuing summary statements to holders of Liquidating Trust Interests who returned a Form W-8 or Form W-9 in connection with the solicitation of acceptances on and elections pursuant to the Plan. As previously announced, the Plan became effective on March 19, 2012.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000140/mm04-0612_8ke992.htm
EC RECEIVED LTI's AND TRANFERRED THOSE INTERESTS USING SEVERAL FINANCIAL VEHICLES FOR WHICH THEY DID NOT CONSENT TO RELASE ANY INFO?.
STRIKE... thats a good question.During chapter 11 cases were open they provided accounting thru MORs, they used the books and records what the restructuring officers created for Debtors, in the case A&M. TAB went thru claims processing, there were so many bogus claims filed like FDIC $55B, JPM $55B,MARTA,BOILER MAKERS around $30 B if i am correct.And there were so many hedge funds bought equity after filing bankruptcy including JPM i guess.
Do you remember 8-K released by WMI in Feb or March in 2012 mentioning about they were closing their books and records?.A&M opened new set of books during ch11 and at the end of class 18 payment they appointed administrators whose job is to open the tax books and records of all assets held in the DST.That part is wind-down process and during that time,they could also pursue litigations too.I think in 2016 they mentioned there was no litigation any more, but during closing of the cases they mentioned they could start legal cases if there is a necessity.MW and Southard must be working with S&G and Woodway or some other company name.
LIQUIDATING TRUST RESTATED AND AMENDED AGREEMENT MUST HAVE ALL THOSE DETAILS AND THEY JUST HIDED IT.I am not trying to convince you or anyone, just saying that ITS NOT OVER YET.
why dont you tell the truth ron, and finish the story about WMI suing the FDIC for 307.2 billion dollars??????......here is the truth about your assertion....the judge set aside the ruling pending the outcome of the GSA hearings that were about to begin... when all parties agreed to the settlements about all the cross complaints, WMI dropped the charges and received 6.5 billions in settlement, plus 5.89 billions in IRS Tax NOLS, and released the FDIC for RICO charges, gave releases to each other parties in the GSA settlement .....JPM got 600 million in putback soured MBA loans, and the GSA finalized the PAA of WAMU for 1.89 billion dollars TOTAL.....with the GSA settlement completed, Rosemary Collier vacated the ruling, AND ALL CHARGES WERE DROPPED AGAINST THE FDIC FOR RICO CHARGES.!!!!!!!!....you keep repeating the same B.S. over and over again.... the chapter 11 is closed 12 years ago, and you are getting squat no matter how many lies you tell over and over again on this message board.... THERE IS NO DC COURT CHAIRED BY ROSEMARY COLLIER THAT WILL ADJUDICATE A 307 2 BILLION DOLLAR AWARD TO WMI... PERIOD!!!!!!!.... Lodas
Yes, WMI Sued the FDIC in DC For $307.2 Billion.
Yes full accounting!
Rosemary ruled in the Dual Track that JPM is to pay full book value for WMB and it’s assets as of the seizure date.
https://en.m.wikipedia.org/wiki/Rosemary_M._Collyer
The FDIC lost and JPM must pay.
LIBOR is just settling the final valuation.
I released JPM for 41.6 “Willful Misconduct”.
“Willful Misconduct” is the nice way of saying RICO!
Ron
We were all beneficiaries of the WMILT…….beyond class 18….which Piers still impaired….as I only received approx 80%…….nothing leftover for class 19 & 22….whatever was left millions was given to charity……WMILT no longer matters….
NEW.... well, that's what gets me.
"That is the purpose of Admins, they have to make sure everything is in place, liquidate the assets,pay taxes and distribute the remaining equity to WMILT beneficiaries(including equity holders,they agreed with ms.Griffin that she was a beneficiary of WMILT)."
Is there no required "on-going" accounting of ALL to-date?.. If not... how can that possibly be? I have been saying for years... where are the books and records of this mess?... the ones from the date of the taking through now?
AIMHO, STRIKE
O.
Miscellaneous Provisions
1.
Title to Assets
Except as provided in Confirmation Order, on the Effective Date, title to all assets and properties encompassed by the Seventh Amended Plan shall vest in the Reorganized Debtors, Reorganized WMI, the Liquidating Trust, the JPMC Entities or the FDIC Receiver, as the case may be, free and clear of all Liens and in accordance with sections 363 and 1141 of the Bankruptcy Code, and the Confirmation Order shall be a judicial determination of discharge of the liabilities of the Debtors and the Debtors in Possession except as provided in the Seventh Amended Plan.
2.
Discharge and Release of Claims and Termination of Equity Interests
Except as expressly provided in Section 41.6 of the Seventh Amended Plan or the Confirmation Order, all distributions and rights afforded under the Seventh Amended Plan and the treatment of Claims and Equity Interests under the Seventh Amended 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 Seventh Amended 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
Title to assets...
Yep and that would be wonderful.
JHD
Proof That the FDIC;
didn’t get the title to WMB with the Seizure of WMB.
That is a very significant fact regarding the case.
WMI sued the FDIC for $307.2 Billion for WMB and it’s Assets in District of Columbia Court (Rosemary). The Dual Track!
DB was in California not DC.
The FDIC wasn’t able to file against the big banks on our behalf regarding LIBOR manipulation until the FDIC possessed WMB’s title.
As conditioned in the GSA, The WMB title was abandoned about three days before the implementation of the Plan.
Ron
If GSA did not settle WMI's creditor claims with FDIC, who would fight for that now?.WOODWAY?.
Maybe you should ask RD or cactus….my opinion nothing to do with any old escrows distribution
STRIKE...PLEASE TAKE FURTHER NOTICE that, on the date hereof and pursuant hereto, (i) WMI and its chapter 11 estate hereby abandon their equity interests in the WMB Stock and hereby surrender and relinquish all right, title and interest to the WMB Stock, including any recovery rights and/or litigation claims with respect thereto; provided, however, for the avoidance of doubt, WMI and its chapter 11 estate do not hereby withdraw or release any claims asserted by WMI as a creditor of WMB against FDIC, in its capacity as receiver for WMB or in its corporate capacity, on account of WMI’s status as a creditor, and do not withdraw or release any rights under the Global Settlement Agreement, (ii) all references to ownership of the WMB Stock shall be stricken from WMI’s and its chapter 11 estate’s books and records, and (iii) the stock certificate representing the shares of common stock of WMB having been lost or misplaced, WMI has caused an affidavit with respect to the lost or misplaced stock certificate representing shares of common stock of WMB to be delivered to WMB, and, in accordance with RCW 63.29.170, a copy of such affidavit together with a copy of this Notice will be served by registered first class mail to the Washington State Department of Revenue.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000125/mm03-2312_8ke991.htm
STRIKE...WMI was a creditor of WMB and only equity holder of WMB and FDIC has certain obligations have to be fulfilled if you remember the abandonment motion filed by WMI in the BK court. IMO, all obligations need to fulfill before complete AUDIT happens.If there is no AUDIT (thats impossible IMO) , i think that is a big violation of the Administrators.That is the purpose of Admins, they have to make sure everything is in place, liquidate the assets,pay taxes and distribute the remaining equity to WMILT beneficiaries(including equity holders,they agreed with ms.Griffin that she was a beneficiary of WMILT).
FYI this is the fourth specialty bond issued this week from JPMC. Extremely high interest returns some with short time frames. These are payoff notes that are highly specialized. I have no idea if these bonds have anything to do with us(WM) but they are very interesting. Is anyone here have any experience with these type of securities?
http://jpmorganchaseco.gcs-web.com/node/633676/html
Well stated sir. I did read your post and thought you were spot on.
JPM is the definition of what RICO was intended for.
DB4D,
Your narrative and the associated specifics back my theory posted a few days ago regarding JD. Teflon Dimon!
post#724396
Jamie Dimon doesn’t give two turds about what the general public, equity traders and he certainly isn’t concerned of being charged with RICO! He’s all over the News these days taunting his opinions of the markets. Let’s not forget he’s also the same Jamie Dimon that had a doctor concoct a narrative stating he had throat cancer which restricted him from speaking at a Congressional hearing. Yeah, I’m not too concerned that Jamie is worried about anything regarding the theft of WAMU and its assets.
I see $100 by YE... as long as the quarterly releases are favorable and management does not screw things up. It would be nice to know why XOME has not been monetized through a sale, yet. I thought that was the plan?
AIMHO, STRIKE
Roger that PICK... should continue this upward trend... I'm enjoying the ride, for sure!!
AIMHO, STRIKE
BOB... I would like nothing more than to be wrong... Please... let me be wrong... !!
AIMHO, STRIKE
Fines are how JPM / JD do business.
275 fines totaling $39,340,688,209 since the year 2000. Almost $40B with a "B". Violations bought and paid for.
https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase
They 100% know they are breaking regulations and 100% know they will get away with a fine they can afford to pay. They should have their banking charter pulled... and who was at the helm since 2006??
Jamie Dimon.
If this was an individual instead of an institution, you could not count the number of years being served in a prison cell. In the USA, we give companies and institutions the same rights as people, except when it comes to breaking laws and regulations... Then its a fine and a pass.
Ok thank you. A good day today.
JHD
We ended the week up… Coop is the tell!!!!!!
Yeah, right. I guess that JD slept with the right people.
TO THIS VERY DAY I STILL CANNOT BELIEVE THEY were not NOT CHARGED using AT&T to wire WAMU's trading offices for wire fraud
All are entitled pard and all are frustrated
""DON'T WORRY IT WILL STILL BE THERE FOR THEM TO GO AFTER LATER""
HMMMMMMMMM NO WHAT WILL BE THERE ""THE VALUES OF THE ASSETS LEFT THAT THEY WOULD LOVE TO KNOW THE VALUES OF""
pretty much sounds like an admission to me
Roger that BOB... wait for the jump... I feel it coming... next earnings release, for sure.
AIMHO, STRIKE
Roger that PICK... that's all I'm saying now... where is the "irrefutable evidence"?... to-date?... not one person has been able to unveil where the monies are... in what amount... for whom... and what triggers payments.
I'm all ears... and eyes...
AIMHO, STRIKE
BOB... I know you are not giving me a hard time... no worries... after all these years, I can't believe that IF... there are monies coming that someone can't come up with some irrefutable evidence of same... that's all I'm saying. Not one person on this board, either personally knows or knows someone who knows personally, who has real evidence of monies somewhere, in some amount... earmarked for equity.
More than plenty of time (years... over a decade) for someone to uncover irrefutable evidence... I'm not waiting anymore... here if it comes... but I believe that boat has sailed, unfortunately.
AIMHO, STRIKE
Will you be playing the same game…..I know something you don’t know…….
JWW
"""and my estimated value of XOME, a value of $120+ is justified, or even $150+ when they monetize XOME, which is still a stategic initiative according to the COOP BOD"""
I still suggest that even IF IF IFIN IT IS EVER SOLD IT WILL BE SOLD TO A FAMILY MEMBER and HMMMMMMMMMMMM it may be negotiated that the values supported are just used to pay down the DEBT BORROWEDFROM A FAMILY MEMBER TO BUY NSM........................Remember some one, some entity (LMAO).loans the company the money to buy NSM.
I KNOW EXACTLY WHO I THINK THAT WAS(HMMMM) and it wasn't the TOOTH FERRY more like a really wealthy GRAND PARENT
You know parent of a parent of a parent........................ AS SHE RISE FROM THE ASHES
Around $100 is what we can expect based on the Cup and Handle BREAKOUT (based on the chart). Based on the fundamentals like EPS, and a multiple of book value, and my estimated value of XOME, a value of $120+ is justified, or even $150+ when they monetize XOME, which is still a stategic initiative according to the COOP BOD.
Thanks JWW...in you opinion where is the next level we should hit...(timing). Close to $90 by mid August?
JHD
Been a while since we have seen COOP locked in a trough(the 50's) but it appears it is again.......
Show us the Money!!!!!
Thanks JWW...in you opinion where is the next level we should hit...(timing). Close to $90 by mid August?
JHD
Not jumping on you at all hope you know that, just pointing out issues that counter the idea that there is nothing left.
1. Debtors and their risking IT and buying hand over fist PREFERREDS (remember JUDGE made OWL CREEK dispose some 800,000 K prefrds)
2. UW's fighting and spend 1-2 mill PLUS to fight ALICE over their 1% and their refusal to move to CLASS 22 where they should have been.
3. HOW do you AUDIT within a BK case and introduce those values in a BK case, when those assets are NOT INVOLVED IN THE BK CASE???? Since they had been legally transferred into SPE/1031 Exchanges/DST ?
4. Can't open a trust DST with no assets
5, Can't do a 1031 Exchange with no assets derived from a sale of property
6. 3 ACCTS at WELLS FARGO
It would be akin to your filling a BK and them wanting to AUDIT and expose your UNCLE's assets in your BK case, sorry but it don't work that way
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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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