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Sure, just another 5 weeks until new theories and new deadlines.
Rinse and repeat.
All flavors of escrows will be covered.
If it is par plus interest as goodie and bop surmise then Ps get 1000 plus 15 yrs of interest. Qs get about 2 bucks plus interest. Not certain about Ks.
I believe bop says wamu gets 56b for each 100b.
Boris,
This is Winfall, I have a question regarding Libor and commons. Specifically, UQs.
Do the UQs get to participate in any of the potential Libor recovery?
Thanks for your thoughts.
Windfall
Let’s let it play out and watch what happens…..cactus has already praise BTS with his research pushing his theories of distribution soon…come May 1, 2024 and nothing happens watch them try promoting more theories…
"How much would go to the Wamu estate is hard to say, but it could be very significant."
imo, It would be enough to cover the P, K and U's at par (10B) plus interest. Plus the Bonds at par plus interest. So the FDIC needs aprox 57B ish to take care of the WAMU part.
So, JPM is trading at new all time highs BUT will have to make a payment of 200B in the next 10 days which will wipe out half of its shareholder equity, right?
At least Rosen was right about Libor.
He said we could get Libor money way back when. He was wrong about other payments not coming back but at least he was right on this. I'll send him a Starbucks gift card when we get paid! The cheapskate will probably run right out to get his free coffee. He'll hope its too hot and will spill some on his junk so he can sue them. LOL
Correct Bigbang, nothing to do with our suit.
He is just trying to clear his name. Our case should likely be settled in the coming days leading up to Apr 14.
I cannot imagine this going to trial because the defendants would be crushed and likely get hit with the full 400b....plus possibly jail time for some. Visualize Dimon in an orange jumpsuit.
They can settle now for half that. Maybe even 100b, which will be their starting point. The judge may allow that but I doubt it. 200b is more likely. How much would go to the Wamu estate is hard to say, but it could be very significant.
Good luck people who released. And Coop will also benefit as many escrowers will buy Coop shares because they are familiar with it and see the great potential.
Has nothing to do with LIBOR settlement. The appeal is by someone convicted in the UK court of being involved in rigging LIBOR and has already served time in a UK prison. He is planning on appealing his conviction.
These appeals dismissed were against individual charges for rigging rates…..
LATEST $COOP PPS targets===>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
So what does this actually mean? Will Libor be settled next month or will it continue due to appeals?
I hope that the UK decision will not be overturned. Corporate crooks, that commit crimes against innocent people, need to be held accountable. Their infatuation with money is just plain evil! At least the UK court system, unlike the US court, is willing to stand up for what’s right
"And they had the power to take down Wamu!"
imo, They had a LOT of help......
Good morning people,JWW. yes retired shs that was repurchased by the CO.are no longer in play and hence not outstanding Auth.,key word retired 😉
No trading on Good Friday and the treasury closes 2. today
Have a wonderfully holiday with family & friends PEACE -Ts
They repeatedly said they retired the shares. Google what "retired" means. They cannot do anything with these shares any more...
Gary, I'm of the opinion that something similar may take place. What is COOP going to do with the shares that were bought back is the real question.
I've been informed by a friend that the LIBOR SUIT is getting interesting after the initial ruling, but I have not personally read anything myself as of this evening. I will attempt to find it tomorrow if I get some free time.
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.
THERE WAS A FUTURE FOR WMILT IN 2018?.
so Boris?.....you believe the FDIC is corrupt, WMI and Rosen lied to you about billions of dollars in Safe Harbor assets that you were cheated out of, yet you post on a message board when no resolution to your complaints will never be remedied.... why dont you file a lawsuit implicating the parties responsible who cheated you?....If WMI executives did in fact hide money from shareholders, and risked jail time to do so, do you really think that after 15 years they are going to reveal their fraud and return money back to you?.... then, what was the point of the fraudulent action they took 15 years ago, risking jail in doing so, and then return the money to you 15 year later?...... read the documents Boris, and quit guessing, and file a lawsuit if you think that you were cheated.... Lodas
As Ive said before, a friend had contacts who worked at the FDIC and they said it was totally corrupt and dysfunctional. How did they ever get so much power?!
And they had the power to take down Wamu!
Fdic needs money? Lmao! Unbelievable
Split. Libor has until Apr 14 for depositions to be filed. Its been very quiet even though depositions are ongoing. Or are they?
Maybe they will not do any and just offer settlement at the 11th hour. It would be a private deal in the judges chambers which she would no doubt approve if reasonable.
400B is doubtful but the FDIC needs money badly because its broke, so they may settle for half that.
Who knows? We can only guess at this point.
so, you believe that Alan Fishman, Killinger, and Rosen committed fraud on the shareholders by not disclosing to the SEC of the movement of billions of dollars of Safe Harbor assets (shareholders and preferred equiity Retained earnings) to some secret venue which no one knows about except them??..... Lodas
Gary, I'm of the opinion that something similar may take place. What is COOP going to do with the shares that were bought back is the real question.
I've been informed by a friend that the LIBOR SUIT is getting interesting after the initial ruling, but I have not personally read anything myself as of this evening. I will attempt to find it tomorrow if I get some free time.
Jeez, split, you can really bang out those numbers. Thx
Hey Gary, After hours tells the same story....$78.01, Hmmmmmm, but let's take $77.00 as it is a playful and an interesting conversion number if you multiply that times the 36,000,000 shares that were bought back, that totals $2,772,000,000. Now, if you take 25% of 1 Posit you come up with $2,500,000,000, if you add the Federal Interest rate of 1.9% for 5 year and 8 months (July 31, 2018 /PRNewswire/ -- WMIH Corp. (NASDAQ: WMIH) ("WMIH") today announced that it has completed its acquisition of Nationstar Mortgage Holdings Inc. ("Nationstar"). you come up with ROI of 10.88% and a simple Annualized ROI of 1.92% with your Principal of $2,500,00,000 and interest of $272,000,000.
Woodway Fiduciary & Advisors LLC agreement should give some insights.
The Interesting Path of Chad Smith.
• WMI.
• WMI-LT.
• PALADIN.
• WOODWAY.
Woodway is a beautiful little community just south of Edmonds where Chad has his P.O. Box.
Woodway doesn’t have a Post Office.
What in the world could Chad be managing in Woodway for WMI Equity?
I have posted the list of WMI assets due to each equity class.
I know because I have listed the assets and their valuations.
The EC told us.
I have lived in Edmonds. Another beautiful community,
Ron
As per AI ""Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets."
This statement appears to be part of a larger document related to closing the Chapter 11 bankruptcy case for Washington Mutual. Here's the translation:
"Beyond this..." This implies there were some previous actions already taken to address the majority of the bankruptcy process. These could include things like selling off most assets, resolving creditor claims, etc.
"...the Bankruptcy Court and WMILT..." The Bankruptcy Court oversees the entire legal process, and WMILT (WMI Liquidating Trust) is likely the entity formed to manage the remaining assets and resolve outstanding issues.
"...merely waited..." This sounds dismissive but carries a practical meaning. It indicates that the active phase of managing the bankruptcy is largely complete.
"...final reconciliation of remaining claims..." Some creditors likely have outstanding claims unresolved. This could involve disputes over the amount owed, the validity of the claim, etc. The process is about finalizing and settling those remaining claims.
"...monetization of assets." Some assets likely remain from the initial Washington Mutual estate. This refers to the process of selling those assets (which might include things like real estate or intellectual property) and converting them into cash.
In Summary: This statement indicates that the Washington Mutual bankruptcy case was winding down. The major tasks had been completed and the focus was on resolving the last few outstanding claims and selling off any remaining valuable assets.
Don’t worry about Friday, we only have tomorrow because the market is closed for Good Friday.
*****Five Stars to you newflow! Thanks for your sleuthing as It's all starting to fall into place.
IMO the PPS on Friday will be $80 or higher and I'm thinking we will be seeing an 8-K very Soon!
Housing sales are up as well!
JHD
Could 2.5% Libor be looming??
Maybe. Somethings up even though the mortgage biz is soft right now.
SIGNIFICANT MOVE coming, that's also my opinion! Successful monetization of XOME, like a sale or spin-off, or any other great NEWS.
I believe we’re close to a significant move. The idea of the trends , outlook , proactivity and potential is mind bending comparative to the current sp. all that being said the pattern has broken and backed bull patterns and trends for sometime. Looking up. JMO
Something is going to give here , Justice. The slow play of coop and its potentialiatiy, is coming to a boiling point on the chart. Jmo
I didn’t say BRIDGE
I said Thackeray
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174121251
I believe we’re close to a significant move. The idea of the trends , outlook , proactivity and potential is mind bending comparative to the current sp. all that being said the pattern has broken and backed bull patterns and trends for sometime. Looking up. JMO
That macd trend to the stars has me excited too. Bwthhdik. JMO
4th bull flag setting its pattern as we speak.. jmo
That’s not a nice close, that was a phenomenal close. :)
Not on real big vol though, but who knows i the long run this goes to the moon short term not so sure
Franchise Tax Ended The entity's franchise tax responsibilities ended because the entity has ceased to exist in its state or country of formation or has ceased doing business in Texas.
https://mycpa.cpa.state.tx.us/coa/coaSearchBtn
PALADIN ACQUISITIONS CORPORATION
Texas Taxpayer Number 32080035093
Mailing Address 31571 SKY BLUE RDG FAIR OAKS, TX 78015-4086
Right to Transact Business in Texas FRANCHISE TAX ENDED
State of Formation DE
Effective SOS Registration Date 07/07/2021
Texas SOS File Number 0804145173
Registered Agent Name CORPORATION SERVICE COMPANY DBA CSC - LAWYERS INCO
Registered Office Street Address 211 E. 7TH STREET, SUITE 620 AUSTIN, TX 78701
---------------------
Dissolution Date
18 October 2023
https://opencorporates.com/companies/us_tx/0804145173
------------
WMILT closed on 25th Sept 2023 with department of revenue of WA state.
Looks like a very nice day on COOP & OTIS Ave 😏😀
GoGooooooCOOP
Have a great day people AND don't let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
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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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