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None of this has anything to do with Escrows, as it states very clearly in the DTCC document.
But who cares about easily verifiable facts when you can make up another “theory” and deadline?
Crying wolf again…coop is the tell…coop is the tell..
Quote:”... I simply had an (inside) advantage regarding the irrelevancy of the wmi-lt, once it Closed within my (DL) friendship is all (forever' held close to the vest) ~ “. Again you stated information obtained from an insider. Also claiming to be friends is also quite hilarious….
I thought you were the smartest investor….this only references shares and ownership of DTCC shares…nothing to do with old escrows….
DARKB4
TRUE DATTTTTTTTTTTTTTTTTTT
WHat was agreed to WILL BE DONE imho and strictly adhered too....................
Jelly and JAM
It was suggested earlier and a VERY GOOD SUGGESTION to print out your FEBRUARY 2022 statement that shows your OLD LEGACY HOLDINGS.
Your local Schwab can do it for ya in about 5 minutes as I just had mine done on all 5 of my accounts.
For some reason I was not able to do it here at home, it wouldn't let me.
So I ran to the office and literally in 5 mins I had em all in a neat little folder..
Then I wrote in BIG BLACK MAGIC MARKER
"" KEEP IN CASE VALIDATION IS REQUIRED AS TO PROOF OF OWNERSHIP IN WAMU shares prior to my legacy shares being removed as worthless"""
Just an FYI and imho CHEAP INSURANCE
~ LOL', Here We Are Again' ... ! !, ... Yeppers, ... ~ "Watch The Newco' "COOP" it will be the "Tell" ~ ... now ? for the 2nd time' LOL ~
just thinkin' bout those 36 million buy backs of a 2018' "Acquired Sub Grouping", which has been simply being used as an SEC "registrant" for a much larger corporate dog' ...
Yep, ... I released to own the reorganized holding company' ... uq's, P's and K's ... and CHOSE to Direct Purchase WMB Notes' ... ol' cactus is good to go' ... sorry naysayers', I was never going to let go, "like a tic on a mule deer" ... and a humorous "burr under all of ya alls saddle" ... LOL' ...
just sayin'
AZ
I continue to stand by my estimates. I don't wave them with a flag, and they are based on what should be the approximate return if the rule of law is followed. it doesn't matter what the number means and the people that have it from me is because they have provided me with useful information. WMI was a restructure (11), not a bankruptcy (7). Fan changing lightbulb switchers, trading fabricators, and their minions do not make the rules. Interpret all you want...The law makes the law. From a finance stand point, that is also pretty simple. Companies are given many allowances, different methods to conduct, structure and report. A MB is not going to change what happened, or what will happen. History and future events will take care of that. Enjoy your lives and please dont let this be your life...
serafino
Good to here from you again.
AND YES SIR it has been shown and explained to all that their legacy INTERESTS (positions) are still being accounted for, BUT as you say or suggest, THEY HAVE AN AGENDA TO KEEP UP
GLTA
Yes our numbers will never connect us to JPM. This last $ 59,327.12 per share 3 B will be used to pay DTCC as service fees. I believe my participant is Schwab and all should relax and do nothing until our participants contacts us. The timing is what is more important Settlement April 30th
RD our numbers are not included.
I don't think anything. This is the structure of the DTCC and their requirement for members to participate that use the service and in their proportion on said use:
https://www.dtcc.com/about
BTW, a current common share is $59,327.12 each.
Certain Participants, which are referred to as “Mandatory Purchaser Participants”, are required to purchase and
own Common Shares in amounts proportionate to their respective use of the services of the Clearing Agencies.
Accordingly, any such Participant will be (1) required to purchase Common Shares to the extent, if any, that a
share deficiency exists (i.e., the amount of Common Shares such Participant currently owns is less than the
amount such Participant is required to own) and (2) required to sell Common Shares to the extent, if any, that
a share excess exists (i.e., the amount of Common Shares such Participant currently owns is greater than the
amount such Participant is required to own). Other Participants, which are referred to as “Voluntary Purchaser
Participants”, are permitted but not required to purchase and own Common Shares in amounts proportionate to
their respective use of the services of the Clearing Agencies. Accordingly, any such Participant will be (1)
permitted but not required to purchase Common Shares to the extent, if any, that a share deficiency exists (i.e.,
the amount of Common Shares such Participant currently owns is less than the amount such Participant is
permitted to own) and (2) required to sell Common Shares to the extent, if any, that a share excess exists (i.e.,
the amount of Common Shares such Participant currently owns is greater than the amount such Participant is
permitted to own). Some Participants are not offered Common Shares at all and are therefore not entitled to
purchase any Common Shares.
Under the Shareholders Agreement, the Mandatory Purchaser Participants are those Participants that utilize the
core services of the Clearing Agencies, including the depository and book-entry transfer services of DTC and
the guaranteed services of NSCC and FICC. As a result, the Mandatory Purchaser Participants consist of: (1)
a “Participant” other than a “Limited Participant” of DTC (as defined in the DTC Rules); (2) a “Member” of
NSCC (as defined in the NSCC Rules); (3) a “Member” other than a “Comparison-Only Member” or
“Sponsored Member” of the GS Division (as defined in the GS Division Rules) or (4) a “Member” other than
a “Cash Settling Bank Member” of the MBS Division (as defined in the MBS Division Rules). A Mandatory
Purchaser Participant must also be a Qualified Person as defined in the Shareholders Agreement.
Under the Shareholders Agreement, the Voluntary Purchaser Participants are those Participants other than a
Mandatory Purchaser Participant, as more specifically set forth in the DTC Rules, NSCC Rules, GS Division
Rules and MBS Division Rules. A Voluntary Purchaser Participant must also be a Qualified Person as defined
in the Shareholders Agreement.
Itsmyoption, yes. As long as you have some record that you had them and what the numbers were.
I believe Kcc etc have these records as well but good to have backups.
You have great numbers. Lets hope they pay out!
~ We've Always Agreed on the Important Things, A Fair and Equitable Return, ... ! ! ... I simply had an (inside) advantage regarding the irrelevancy of the wmi-lt, once it Closed within my (DL) friendship is all (forever' held close to the vest) ~
... I let go of any wmi-lt references, when it, the holding company's liquidation trust' was completed ... PR's, 8-K's etc ... to me ? all of that became irrelevant at its completion ...
Turning The Page Though ...
I've always said that I had never seen anything relating to a K', only a P' ... but ? this is cool ... However, I Continue to NOT believe in any (75/25) shared ratios of financial returns that have been promoted beyond the wmi-lt, now closed ... I CONTINUE to believe that the returns will be calculated individually by one's cusip' ownership and a submitted Release with an attached W-9' ... period' ...
I REALLY Like the numbers provided by JB92106 and DarkB4' ...
ADDED: as I've stated along with EVERYTHING' WaMu Purchased, I also own released K's ... so good ? (Cash is King LOL' the more the better)
just sayin'
AZ
AZ or anyone...........
Please help..............
I have escrows hidden away on my Schwab acco.
What do I need to do in reference to this post from AZ ??
Thanks kindly
where do you see any reference in this document that this DTCC is related to WMI, WMIH?????.........this document references shares in the DTCC only!!!!!!.... has nothing to do with the chapter 11 closing, or payments to equity holders outside the chapter 11 closing......also, give proof for your assertion that escrows removed from brokerage accounts pertain only to the chapter 11 closing.....your post is a pile of speculation at best, and a pile of cr*p at the worst......Lodas
Hi Folks, I phoned at least two banks, banks that have S.1 portfolios, I asked how long ESCROW will remain in the historic register.
The bank agent told me: until 2036.
Ergo: Nothing is lost, everything is prosecutable in case of need.
Those moles who scribble here in the room, do so for private reasons.
Folks everything will be fine bye bye
AZ
AGAIN we seem to agree on some things
"""~ Merely "Deemed" Worthless, as Applicable to the Completed wmi-lt' ... NOT' worthless as applicable to a Released Ownership of the Completed entire' WMI Holding Company's Reorganization ~
... Individual Plan' Participation Releases and W-9's submitted to one's Broker or Bank ... by cusip and by an individual's amount owned' ...
Also, This is the ... FIRST ... time I've read a reference to a Class A, ... AND ... a Class B Preferred ... I've only ever found the Accounting for the Preferred Managing Subsidiary, directly related to a Released P' ... However, I'm thinking that an original released K' ... COULD BE ? ... considered a Class B' ... ? ... ? ... ? ... 1st time I've seen that reference'"""
The """K SHARES""" were nothing but a subset of ""P""" BUTTTTTTTTTTTTT at a ratio of 40/1 which has been stated here many times over
~ Go COOP' and the Share Buy Backs', ... Oh and I Thought That This Paragraph Was Beautiful ! ! ~
"This reallocation process is required to be done at least once every three years. Since the last reallocation occurred in 2021, a reallocation is scheduled for 2024. The 2024 reallocation is currently anticipated to be completed on April 30, 2024 (the “Settlement Date”), and will be based upon the use of services of the Clearing Agencies from January 1, 2021 through December 31, 2023. Voluntary Purchaser Participants will be notified through the DocuSign® electronic signature service of their opportunity to purchase or obligation to sell Common Shares during the first week of April 2024. Mandatory Purchaser Participants will be notified via email from Computershare Web Service that a notice concerning their obligation to purchase or sell Common Shares is available on Computershare’s
Investor Center during the third week of April 2024, and these purchases are expected to settle on the Settlement Date. Please refer to the following pages (Questions and Answers on the DTCC Common Stock Reallocation) for additional information"
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
Abba Da Ayy ... :) :)
just sayin'
AZ
~ Merely "Deemed" Worthless, as Applicable to the Completed wmi-lt' ... NOT' worthless as applicable to a Released Ownership of the Completed entire' WMI Holding Company's Reorganization ~
... Individual Plan' Participation Releases and W-9's submitted to one's Broker or Bank ... by cusip and by an individual's amount owned' ...
Also, This is the ... FIRST ... time I've read a reference to a Class A, ... AND ... a Class B Preferred ... I've only ever found the Accounting for the Preferred Managing Subsidiary, directly related to a Released P' ... However, I'm thinking that an original released K' ... COULD BE ? ... considered a Class B' ... ? ... ? ... ? ... 1st time I've seen that reference'
Great Information that, according to the actual Doc, has just renewed 04/01/2024 ... Yeppers, Good Stuff' ...
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
"The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares. The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote"
just sayin' :)
AZ
Boris, to be more accurate one should print a copy of Feb. 2022 as all our Escrow was removed from account on 02/11/2022 it shows this removal as:
2 WASHINGTON MUTUAL INC
ESCROW CUSIP
POSITION DELETION
AS WORTHLESS
02/11/22 WASHINGTON MUTUAL INC
ESCROW CUSIP
POSITION DELETION
AS WORTHLESS
939ESC968 Expiration-565,000
02/11/22 WA FUNDING TR III
CONV PFD ESCROW CUSIP
POSITION DELETION
AS WORTHLESS
939ESC992 Expiration-5,500
02/11/22 WASHINGTON MUIN BE
DPS 144A ESCROW CUSIP
POSITION DELETION
AS WORTHLESS
9393ESC84 Expiration-
CASH IS COMING TODAY to the participants unless they steal
DTC has received notification from Bank of New York Mellon/IPA DTC #1541, the issuing paying agent for GS Finance Corporation (GSG4), base issuer cusip 36255H, 40054K, 40054L, 40055A, 40055Q, 40056E, 40056F, 40056Y, 40057C, 40057E, 40057F, 40057H, 40057J, 40057K, 40057L, 40057M, 40057N, 40057P, 40057R, 40057T, 40057W, 40057X, 40057Y, that #1541 has refused to pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/01/24 through DTC. Therefore, in accordance with DTC’s rules and procedures, this Issuer’s Medium Term Note will not be completed. Bank of New York Mellon/IPA DTC #1541 has notified DTC that they received the funds after the DTC cutoff to make a funding decision and that they will pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/02/24.
DTCC.COM
www.dtcc.com
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/19919-24.pdf?fbclid=IwAR33d4PL8kf5SObvLggjKn-N2tfVNHPpeYOHq_ApglXrZRsZLyLARO4dJbo_aem_ASCHm8EIltMc0r45pZZzFtlpnbZOzann7q0iackY3397M5wru9ddLuRlc646ft7TmpBN5T6NEtMr5uf8prWqLAYL
$27
Look at the market today DJI DOWN 453
3 gap down formed today. Bullish reversal tomorrow or next day. Thought?
Be well
$27
Thanks
Clears that up nicely
P K TPS Class 19, U's Class 22 not sure this is what they are after but It's all the numbers we have to work with
Just received (via email) from Annette at the DTCC
1317-24 is the Notice number. The participant number would be the account of Washington Mutual Bank who, if they are an MBS member and are eligible/required to purchase shares will receive the communications from DTCC. We do not send information to investors of the participants.
FACT, STRIKE
Roger that BOB... I have the CUSIP #'s... "class"?... P or U?
STRIKE
Strike
I wonder if that would be the CUSIP NUMBER or possibly the CLASS number
Thanks for the response Royal
Question... I contacted Annette Nichols at the DTCC... and she asked me what MBS Participant # I am affiliated with...
Anyone??
FACT, STRIKE
👉👉👉COOP BOD wants to "...COMPOUND tangible BOOK VALUE at a DOUBLE-DIGIT PACE..."
The COOP BOD said at the 4Q'24 earnings call on Feb. 9, 2024:
Class 19 & Class 22.
What an odd response.....
ReikoBlack........it is my understanding from reading the documents that the Litigating Trust, which was part of the WMIL-T tried to sue the FDIC for 20 billion dollars in illegally seized assets, but the case was denied to move forward because WMI could not substantiate certain claims they were trying to make to the court... also, Rosen stated that the Litigating Trust did not pursue court action to retrieve assets because of the delays, and costs to the estate which would diminish the funds necessary to pay creditor claims....in addition, the delays in coming to an agreement between all cross claims finally set up the GSA whereby all parties were to resolve claims against each other, so as to make the Litigating Trust moot....WMI got 6.5 billion in allowances from the GSA settlement, plus 5.8 billion dollars in NOLS without having to sue the FDIC, and JPM...WMI got 12.3 billion dollars in settlement out of the 20 billion dollar they would have had to sue for, and probably might not have prevailed, and got nothing... 12.3 billion settlement out of a 20 billion dollar claim is 62% recovery for their claims....IMO, when releases were signed, equity claims were satisfied by the terms of the chapter 11 documents, and classes 19, and 22 are impaired from future recovery, both from, and after the chapter 11 closed 11 years ago....LIBOR settlements will not accrue to WMI (which is now defunct) because the FDIC was harmed, not WMI....how was the FDIC harmed?... the FDIC was insuring the liabilities of Banks which were inflated by bogus interest rates, which caused the FDIC to OVER INSURE THE LIABILITIES ON THE BANKS BOOKS.....LODAS
Naught, I cant do pm. Not that I cant afford it, just dont need it.
Yes, all brokers will have our escrow positions in our account history. Those positions arent going anywhere.
When money comes those positions will be reactivated and money will flow in. Like Niagara Falls.
So you are kicking the bucket to 2031…..does not surprise….
300 x 4,000 = $ 1,200,000 4.5x face
There is a happy hour every Friday where all those premium features are free on IHub
Happy Hour is every Friday, from 4-5pm EST.
Sorry ..try again that number need to go way down
Taking a screenshot of an escrow position that was deleted because it was deemed worthless, with no further distribution, in your "History"... In case you need proof in the year 2031, is definitely not proof they are "alive and well"....
This is desperate irrational foolishness.
No doubt, you will be here in 2031, talking about your contacts, fantasy riches coming soon, and your cool screenshot of escrows that were deleted decades ago, for being worthless, with no further distribution.
Everyday is a desperate scramble to feed denial with wild foolish nonsense.
Escrows are in fact, gone forever. Worthless history, that will never see another distribution. Hence the reason they were deemed worthless with no further distribution, and deleted.
Forgive me if I misunderstood
RD, EXCELLENT deduction if the one-percent fee proves accurate then this makes perfect sense.
…
Could anyone beside Royal tell me what you/everyone else is expecting back? I have 300P's, no U's.
Greatly appreciated.
Side note: YES, I've made it abundantly clear I think there is only a 5% chance of anything coming back based on history of false alarms. But 5% means I have a foot holding the door open. I'm not here to pick fights, I've got a life, I don't do that sh1t.
Royal,
Dude, I'm on here once every three weeks. 19 of what to 1 of what?
And by the way, why the fuc# would I "try to aggravate" anyone? How does that get me any f'n answers? Jesus f'n Christ, be better at reading people or stop trying to do it.
Boris you speak the truth <><
Thank you Boris!
Escrow history update.
So, for those who think our escrow positions are gone and deleted forever, wrongo!
Here's what you each need to do. Depending on the broker, go into their system, log into your account, and go to History or Statements.
Select the year 2021. That's the last year the escrows will show up in your account. Print out that year so you have hard copy proof of your positions, and file that away. You can go back as far as 2014. Print out that year too just as a previous backup for your escrow history.
Brokers are only required to hold your escrow positions record in your account for 10 years, so as of 2031 they will be gone from your history. So make sure you do these printouts just in case you need proof of your positions in the future.
So while the escrow markers have been deleted by the LT, the escrow positions are alive and well in your account, as wwhatthe has accurately said.
I hope this gives you some comfort in knowing there is a record available of your positions. Let's hope we hear something soon.
Vod, you are just trying to aggravate here. 19:1 is the relational value. Give it a rest
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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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