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Yet…..if no money comes back you are proven wrong again on your theories…this is what it comes down to….so far lodas is right…I know you do not like it…every date you guys posts nothing happens
Fdic sued for 400b. So 100b would be a bargain for Dimon.
Goodie, I dont see that old geezers posts.
I love the ignore feature. He is paid to post just like the other trolls here. Best to just ignore him.
I'm not following you, do you mean the libor won't payout until then?
Looks to me like Libor will be the cover for distributions outside of the bk cases thus ensuring great cliff-note announcements for the FDIC and other Perps.
I always hope for sooner rather than later but have found the opposite has been true since September of year 2008.
Me guess, I will use Jamie’s date for leaving JPM and he said three and one half years from March of year 2023 so that takes my guess to mid-year 2026.
I have said for years Dimon will not leave JPM until distributions happen from the WaMu cases.
…
Yeah, understand your annoyance with the 'Random' 'Nuisance-fits' from the 'Anointed One'...Anyways, I am hoping we will at least see some news of the LIBOR Settlement in April...And Hope that it will somehow set into motion the 'Beginning of the End' of our "F&R promised Recoveries" process later this year....Fingers crossed. GLTU & GLTA!
Yes….but are you friends with Doreen and Gallagher….did hosen call you an OG or accredited investor or have an account with Wells Fargo and cactus does not lie…….you can not make this up…
Libor settlement process.
So this is how it works IMO. JPM and BBA will offer a settlement to the FDIC with Judge Buckwald presiding. If the FDIC feels the offer is adequate they will request to the judge that it goes through. If she feels it is fair and reasonable she will approve it quickly. Because the amount will likely be in excess of 100B the final disbursement will take several weeks to filter down to the litigants. That's where bop's theory may be correct. Say for instance the settlement takes 2 months to complete. Our brokers could offer loans to us against that distribution. So for those who choose not to wait and need funds sooner, they can take out a loan. The brokers know the loan is guaranteed so it would be an easy process and loans would likely take a matter of days. I like the loan idea for tax reasons. Let our money sit in our IRAs.
Let's see how this plays out. Nothing is a sure thing, but I do like our chances. I refuse to believe that JPM wants to take this to court, risk criminal penalties, and much larger punitive damages.
Thank you. Yes you understood perfectly! I think most people just sent everything in one packet to the address. I don’t remember it saying “now pull out your W-9 or W-8 and send it somewhere else.
The key is the CUSIP number that showed up on your statement, reflecting how many old common and preferred you had or one or the other.
JHD
Thanks! That’s what I remember doing.
JHD
Stox, I call BS on this total nonsense. I own the very same flavors of (SD) Subordinated Debt (Bonds 15B) that AZC owns and there has not been any movement or payment to date. AZC put out on BOARDPOST around midyear 2012 through midyear 2013 the five flavors of SD that he purchased which happen to be the same five flavors I own as well.
Unfortunately, some need attention beyond facts, filings, and more!
...
Hmmm...And while there are quite a few here on this very Board who own the WMB Notes...He says he 'got this Special Deal' from none other than DL Herself!
Obviously he Did Not Release...Otherwise, he would have sent W-9 along with the Release pages signed in one packet, like we all did. I don't exactly recall whether I sent the packet to KCC or my Brokerage but definitely I sent everything as one packet, to the address in the Instructions....
Hi jhdf51 i was sendig the whole Pack at First together. Then i was sendig the W-8 again to my Broker also. So i went two ways. I also got the cusips (escrows) like you If i understod you right.
Greetings from Germany
if JPM disposed of the assets of WAMU, and at least got fair value for them, then there would have enough money for the FDIC-R to settle and close out receivership by now.. however, JPM wrote them down to junk, now the balance sheet shows a 14 billion dollar shortfall... thats why the receivership is not closed, and the 299 billion in RBM, and junk loans sold by Long Beach Mortgage will be milked like a cow until every last payment is made by the borrowers.. I would not buy any Lambos right now, hoping this will close soon WAMU?.....who????.... the government forgot about it already after 15 years...nothing to see here,.....thats why Tepper sold his shares years ago....please turn out the lights when you leave the building.... Lodas
AZCowboy,
Thanks for post. I read when I have time, but I'm currently very busy.
Best,
~jb
Heck he did know escrow markers could be deemed worthless and removed…
They certainly have a lid on this now.
JHD
Does that mean you are going to be pissing and moaning like a baby for the NEXT 15 years?
Yep - he is so special that the LT is making Escrow payments only to him without informing or making payments to anyone else but don’t mind that he is telling everyone on a message board that he got the special VIP treatment from the LT.
"...to COMPOUND tangible BOOK VALUE at a DOUBLE-DIGIT PACE"
The COOP BOD said at the 4Q'24 earnings call on Feb. 9, 2024:
But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.
You really need to stop being a hater, you’ll live longer.
Why not just tell him… and watch what happens next….it is not like you have been right anyway…..
Such a shame cactus will just tell you who XXXX is…
Cactus is so special!???
Good to hear from you , you are appreciated! Thanks and keep on keeping on !
AZCowboy, hello and great hearing from you. Thanks for those additional tidbits. We’re all patiently waiting, praying that 2024 is finally our year! Take good care and keep on cruising down the highway…. I hope one of these days I can retire and join you
Nd9
~ XOOM Use caution', ... Keep the seized WMB and, WMI now Reorganized as Separate Considerations' ... ~
just sayin'
AZ
Hi AZ,
and the WMB Notes' fixed income, that are currently being serviced and maintained by another Sub of (XXXX) ..
They, the WMB Notes, are and have been serviced by an Investment Bank Owned by JPMC …
Don’t forget that AZ is already receiving distributions on his Escrows.
Of course he is the only one receiving these semiannual payouts because he knows the right people
And the other thing is you sent the package to an address.. you didn’t send everything and then take the W-9 out and send it to your broker. You would not have received CUSIP numbers which WERE reflected (listed) in my Ameritrade acct.
JHD
Hello AZ thanks for your information!
Hope you and your beloved ones doing good.
I just want to add a single info to it. W-9 is just for US citizenship. All outside from US had to deliver a W-8 If they dont Run an Business in the US with tax requirements.
Stay healthy Just.
Correct Escrows are gone. Only those who submitted a W-9 have tickets that will pay nicely. DO you have tickets to the game? I Think not.
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——————-
I hope this information helps alll understand the rules better , Plus allll who does not look for the rules n Regs
GoGoooooCOOP
Have a great day people-Ts 😉
We wait another 15 years for these ghost distributions…..
~ Yes and Good Morning, Original 2012' Releases to Participate in Washington Mutual Inc.'s Reorganization, "The Holding Company Only" with an Individuals W-9 "Attached" ... Submitted To One's Individual Broker' (Brokerage) ... Was a Distinct Requirement ... Hopefully those that ACTUALLY Participated and Released ! ! can easily still review their own copy's and have secured those documents ... ~
Originally Released Washington Mutual Holding Company ... common shares, wamuq, or class 22's ... call them what you will, ... Continue to own their Original Participation in the Reorganization, of the Holding Company ! !
Originally Released Washington Mutual Holding Company Equity Preferred ... Preferred Bonds, wampq, or class 19's ... call them what you will ... Continue to own their Original Participation in the Reorganization, of the Holding Company by way of the "Preferred Managing Sub" ... which was separate from the Holding Company.
All Great News John', and a special hello to JB, Sam, ND9, Iprelude, bumpkin, Just, Walter, ND9 etc., and I hope I remembered everyone ...
Define to the Washington Mutual Holding Company "only" as the Court did, and everything simply makes sense ! !
just sayin'
AZ
LATEST $COOP price targets==>DEUTSCHE BANK:$88, Piper Sandler:$88, UBS:$86, Wedbush:$85, KBW:$81, Barclays:$80, Compass Point:$76
AZ thank you for the update. How are you doing? We both are working through losses and I always appreciated your kind words after Kay passed. I quit drinking, started an exercise program, and lost 50 lbs. Now at 72 I’m in better heath now then I was in my 40s and I do not need any pharmaceuticals! Take care of yourself!
Semper Fi
COOP, WMIH, WMI, Escrows are tied together. Why don't people understand this???
Why don't people understand this???
Naysayers, should ignore everyone else. Then they would be together and could compete with each other who can explain in the best case why there is no money
In my opinion, this would be a thread that would easily survive in the next hundred years. Even if it weren't true, they wouldn't know either and could continue to do their nonsense. This would be a case for the Guinness book of records. ..... and that's something positive again, isn't it ?
Below are the different corporations named reladyne registered in Delaware :
----------------------------------------------------------------------------------------------------------------------------------------------
Entity Name: File Number:
reladyne
or
[This field is not case sensitive.]
[For exact searches use quotation marks.]
FILE NUMBER ENTITY NAME
6889871 RELADYNE CALIFORNIA, LLC
6743898 RELADYNE FLORIDA, LLC
6743907 RELADYNE FLORIDA REAL ESTATE, LLC
4816472 RELADYNE INC.
4881568 RELADYNE LLC
5848610 RELADYNE NE LLC
5818617 RELADYNE NORTHEAST LLC
6150252 RELADYNE REAL ESTATE WEST, LLC
6628564 RELADYNE RELIABILITY, LLC
5086890 RELADYNE RELIABILITY SERVICES INC.
5352105 RELADYNE ST. LOUIS REAL ESTATE LLC
6566206 RELADYNE TRANSPORTATION, LLC
6130159 RELADYNE WEST, LLC
Thanks for the info ND trader, I believe you are correct
The acquisition took place in May 2017 (https://www.fuelsandlubes.com/flo-article/reladyne-acquires-western-marketing-inc/) and the company I was mentioning also had filings in May 2017 (see below):
-----------------------------------------------------------------------------------------------------------------------------------------------
View Search Results
Entity Details
File Number: 4854674 Incorporation Date /
Formation Date:
7/30/2010
(mm/dd/yyyy)
Entity Name: WMI HOLDINGS, INC.
Entity Kind: Corporation Entity Type: General
Residency: Domestic State: State/Province:
Status: Merged Status Date: 8/4/2022
TAX INFORMATION
Last Annual Report Filed: 2022 Tax Due: $ 0
Annual Tax Assessment: $ 175 Total Authorized
Shares: 1000
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE ST
City: WILMINGTON County: New Castle
State: DE Postal Code: 19801
Phone: 302-658-7581
FILING HISTORY (Last 5 Filings)
Seq Description No. of pages
Filing Date
(mm/dd/yyyy) Filing Time
Effective
Date
(mm/dd/yyyy)
1
Merger; NonSurvivor [NonSurvivor]
[Survivor Name] A.
J. HURT, JR.,
INCORPORATED
2 8/4/2022 12:45 PM 8/4/2022
2 Merger [Survivor] 2 8/4/2022 10:02 AM 8/4/2022
3 Merger [Survivor] 2 8/4/2022 9:57 AM 8/4/2022
4 Restated Stock 4 5/22/2017 1:58 PM 5/22/2017
5 Restated; Stock 16 8/13/2010 9:50 AM 8/13/2010
---------------------------------------------------------------------------------------------------------------------------------------------
" ... RelaDyne was formed in 2010 (as the company I was mentioning: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173916086) by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit http://www.RelaDyne.com., ..." So everything points in the direction of Reladyne and not in the direction of reorg WMI or any of its subsidiaries (https://www.fuelsandlubes.com/flo-article/reladyne-acquires-western-marketing-inc/ ), unless reladyne was created by wmi during the bankruptcy... 🙈
More detail including the file number of these entities, etc would be required for a 100% confirmation but I firmly believe that I stand corrected and am glad to be corrected, I am not trying to mislead or be misled, again thanks so much for your input NDtrader
and why cant you understand that" YOUR ESCROWS WERE DEEMED WORTHLESS AND REMOVED?!!!!!!!!!!!!.... there is no monetary value in them... they were counting markers that denoted the amount of shares you once owned in the former company which were cancelled, extinguished, and all claims attatched to the prospectus were deemed NULL AND VOID"!!!!!!!!!!!!!!!!...what is so hard to understand about that official statement?.... if the escrows had value they could not remove them, else that would amount to fraudulent destruction of your personal possession....YOU GAVE THEM PERMISSION TO REMOVE THE ESCROWS WHEN YOU SIGNED THE RELEASE DOCUMENT AUTHORIZING WMI TO ABANDON 20.7 BILLION DOLLARS IN YOUR SHAREHOLDERS retained equity..what you received for your release signature was share in the new company and 5.59 billlion dollars is IRS TAX NOLS....why cant you understand this?... oh, I know, you got everyone against your belief on ignore so you dont get the message... take naysayers off ignore, and start to participate in the total discussions, not just the ones you like and agree with.... Lodas
< For those of us that originally released and submitted a W-9 through our individual brokerage, … (not the wmi-lt) … all will be fine and will provide>
It’s been so long ago if I remember right, there was a specific address to send the paperwork which I did signature acceptance . I don’t believe it was back to my broker Ameritrade..included all the paperwork for myself in the trust, and also included the W9. I guess I’m confused when you say submitted a W9 through the brokerage.
All I know is I got CUSIPS for every submittal, so I’m fine with that.
JHD
COOP, WMIH, WMI, Escrows are tied together. Why don't people understand this??? So yes, we talk about them all because they are intertwined. Why is it so hard for some to understand the connections? It's very bizarre. Plus I contend that, when escrows do get paid, many retailers and hedgies will load up on COOP. It's a great investment and when the escrows do get paid COOP will go through the roof going forward. Understand? Geesh?
BTW. Royal dude appears to be banned? Why? Because he was too pro escrow? Can someone look into this or are all the mods now naysayers?
We have been above 50.00 for 60 days and yet no distribution….your shared source with the coffee lady has been wrong for some time….the only sub listed is NationStar and not multiple subs….you failed to mention you fake distributions for February…..
That's funny. When we try to talk about COOP, who magically shows up to say escrows = zilch. Yes...the usual suspects, Sickstocks, corrUPTICK, FeikoBlack, etc. We try to talk about COOP and get sidetracked.
-> AZ is Correct <-
WMB Notes are covered by $26 Billion in ABS and only $14 Billion in obligations.
The losses are covered by the derivative insurance.
Hence; no losses for the investors.
I also gave you a thumbs-up
Ron
To Better Understand LIBOR.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173919012
Ron
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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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