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IN SATISFACTION OF CANCELLED EQUITY IN EXCHANGE FOR LIQUIDATING TRUST INTERESTS - IRS FORM 8937
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https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
WHAT DID THEY DO WITH THE ASSETS?.WHERE ARE THOSE LIQUIDATING TRUST INTERESTS?.I WILL CONTACT COOP TO CHECK ON THIS FORM.DID THEY LIE?.I DON'T THINK SO.NEW TICKER SOON,IMO.
If 500,000,000 shares return to original common share owners. Then we would receive. .41667 new common shares per original each origional Q. And x 50.00 per each new share or 20.93 per original q share. Doing my best napkin math. Someone help me out here.
Or 36,000 000 shares devided proportionately by 1.2 billion shares is .03 shares per origional Q x 50.00 or 1.50 per origional released Q.
Thanks for the heads up, AZ! Good shizz
"To compare the legal descriptions of WMI (Washington Mutual, Inc.) as of 2008 and 2023, and WMIH, we need to look at the evolution of these entities over time, especially considering significant events such as Washington Mutual's bankruptcy in 2008.
### Washington Mutual, Inc. (WMI)
**As of 2008:**
Washington Mutual, Inc. was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in September 2008. It was heavily involved in the mortgage banking industry.
**As of 2023:**
After its collapse, the assets of Washington Mutual Bank were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation (FDIC). Washington Mutual, Inc. itself, which was left with liabilities and few assets, was dissolved as part of the bankruptcy process. The entity ceased to exist in its previous form and its remaining operations and assets were liquidated or absorbed by other entities.
### WMIH Corp. (formerly known as WMI Holdings Corp.)
**As of 2008:**
WMIH Corp., as part of Washington Mutual, didn't exist separately in 2008. It later emerged from the remnants of Washington Mutual, Inc. after its bankruptcy proceedings.
**As of 2023:**
WMIH Corp. has undergone significant transformations. It became a component of the reorganized entity post-Washington Mutual's bankruptcy. It later merged with Nationstar Mortgage to form Mr. Cooper Group Inc., which is primarily engaged in the servicing and origination of mortgage loans. This merger represents a shift from WMIH's previous role as a holding entity managing residual assets.
To provide a thorough and accurate comparison, I might need to access specific legal documents or more detailed historical records. If you need further detailed legal descriptions or documents, accessing databases like PACER (Public Access to Court Electronic Records) in the U.S., which provides access to federal court documents, might be necessary."
OpenAI ChatGPT
I think we're going to probably end up getting into predictions with the software so in a few years I'll literally be able to get a likelihood percentage based on human behavior: past performance, current trends, and it'll give me a percentage of likelihood of getting paid within a given number of months.... This is my prediction.
I'd like to compare the current and past legal descriptions of WMI, as of 2008 and 2023.
I'd like to see the same for WMIH.
Yes….as big money predictions are to be revealed soon……or new predictions to be made moving the goal posts….
Yes….you already posted you sold your shares at 50.00….and that coop was no longer the tell….your words….now the pps has gone beyond what you could have imagined you are now claiming you bought back in….and coop is the tell again….lol…you just can not make this up…
C’mon lodas….he is an accredited investor and an OG and is in the circle of Doreen who provides him inside information and a pal to Gallagher….if he reveals XXXX he can go to jail…..he claims to read all and has yet to be right on anything…as he states soon only for the last 15 years….
Still using XXXX as if it is not known….maybe people will continue to drink the koolaid you offer….just laughable…
AZ. Celebrate today with a vette ride. Say hi to Alice Cooper for me.
We are very close to big news brutha.
~ hmmmm, ... All The WMI SEC Submissions, and the WMI Chapter 11 Docket, and COOPs Filings, were and are Available To Everyone ! ! ~
~ Nice Quote', Needs a mr cooper group' Bump' as the "predictables" show up ! ~
now ? they are denying the actual docket ? ... wow' ... LOL'
this post is bull sh*t, and is full up to your boots..... read the WMIH 2013 10-K..... WMIH states on record to the SEC, by independent auditors, 1 year after the chapter 11 closed that..... "wmih presently has no court cases to retrieve former assets". !!!!!!!... that was 11years ago, and WMI, now WMIH has not filed any lawsuits in connection to retrieve any assets taken from them.... the GSA allowed WMI 6.5 billion dollars , plus 5.98 billion in NOLS for abandonment of their assets taken by the FDIC, and all cross claims against each other were given releases for their claims.... JPM got 600 million for MBS soured put back loans, WMI got 6.5 billion to abandon the equity stock in WAMU, plus the NOLS in exchange for the abandonment of its 20.7 billion in shareholders retained earnings...WMI tried to sue the FDIC for illegal confiscation of assets, but the case was denied because WMI could not substantiate certain claims that were made... The case before judge collyer was stayed, pending the outcome of the results of the GSA hearings.. no ruling on the case was ever made when the GSA agreement was ratified...you are not a shareholder in WAMU, with no rights to any assets of WMIH.... it says in the chapter 11 closing that , "Title to all assets belong to WMIH, FDIC, and JPM..." in closing my post, I note that many of your statements have question marks, hyphens, etc., as if you are unsure of your statements... post a link to this so called preferred managing sub, when WMI stated that common equity and preferred shares were "cancelled, extinguished, and all rights to the prospectus is null and void....are you suggesting that WMI was lying when they made that official statement?. and that these instruments are still, or will continue to be paid out?....by what mechanism can WMI cancel these equity instruments, and still pay them on another venue?....your posts are bogus , and filled with hype, and innuendo made to taste good to the kool-aid drinkers, but without links, they are hearsay... Lodas
AZCowboy, thank you very much for your thoughts. Rock on ol’ cactus.
Nd9
Thanks AZ
Kay loved reading your posts and she could understand them better than I could. She is fine now and in her mansion.
Semper Fi
Here's a question ol'cactus since you claim to have read alllll and I have not! did the agreement explicitly address the ownership of undiscovered assets.if it didn't Hmmm? and if they did then would the FDIC be held accountable or could the FDIC use the terminology under stringent circumstances
Abba Da Ayy, heheheh
Have a great day people-Ts
~ Yep No Kidding Right ? ... Its Been A Long Trail' ... Re the COOP 36m Shares ? ~
... well, I believe that the actual, WMI to the WMIH "Preferred Managing Sub" will quite easily financially take care of the WMI P' Bond Fixed Income Releasing Owners. ... and the reconstituted 36m COOP shares, will be dispersed back to the original owners of the WMI Holding Company' ... the WMI Commons' ... wamuq
I see a released WMI common and a WMI released P ... as completely different, and NOT able to be ratio divisible ... the wmi-lt confused some ?, but, not all' LOL
(sorry about Kay)
just sayin'
AZ
~ ND9', Hello to You and Yours ! ! ! ... My VERY, VERY STRONG Opinion, is a Separation of what has been postured here Re:COOP, is necessary ! ~
My conclusions have lead me to completely believe that ... An Original Released WMI "P" Preferred, Maintains its connection to the WMI Preferred Managing Sub, able to be studied BOTH pre WMI's Chapter 11 filing, as well as Post the WMI Reorganization as the WMIH Preferred Managing Sub ... period ... those accounting documents are on the SEC site' ... simply and conveniently ignored' ... as I have posted, that sub was used to pay KKR's preferred offering 3% quarterly coupon of $18 million, ... and then' ... the Paying Off of the Run-Off Notes' ... the Cash Inbound to that Sub', Has Not Ever Stopped ... ! ! ... so, Yes a "fair and equitable" result to an original releasing P' holder. (the word was equitable' ... not reasonable)
COOPs preferreds are merely a normal format ... and have zero to do with the WMI Original Releasing Owners ... remember COOP came many years after the fact' back in 2018 ...
"COOP" will make the first move in my opinion, ... as stated' ... and then ? (XXXX) Will Release The Kraken' ... returns from many areas' ... All we need COOP to do ? is to NOT ALLOW its pps to drop below the $50.00 pps threshold' ...
just sayin'
AZ
Cactus has been saying this crap for years another 5-never will not matter…..
Thanks AZ. Finally getting paid for Project Eclipse as outlined in the 2018 filing. I thought this payment would take a few months not 5 years! Boy was I wrong. How will the the 36 M shares be distributed and to whom? Project Eclipse stated shares for assets. I believe the assets are the new MSRs Coop has finally added.
Semper Fi
AZCowboy, and do former P holders get issues new preferred’s and cash? If new preferreds are issued, are they for coop or xxxx?
Thanks
Nd9
👉👉👉Nice >120k BUY at the close yesterday
~ Yes, It Is Aways Imperative That an Investor Keep His Credentials in order With Their Broker or Bank ~
... It falls under the simple directive of simply "Being Responsible" ...
It is my opinion, and my conclusion, that "COOP" will reconstitute roughly the 36 million "common shares" that COOP has repurchased, returning COOP back to approximately the original 100 million shares ... reconstituting those 36 million shares, back to the original releasing owners of the Reorganized WMI Holding Company. ... and within the obvious controlling pps mechanism being used, will not allow for a diluted effect to lower the "COOP" pps to fall below the $50.00 threshold, which is necessary to maintain control of the "Debt Structure" that was NOT included in the Chapter 11' ...
... Many, Many Heartfelt Thanks goes to JB92106 and DarkB4, for the fine tuning of these numbers ... ($75 pps ish, dropping a third back to $50.00 ish' = to the reconstituting of 36m shares, back to 100m shares' ... )
Once completed, (XXXX) will bust through the door, ... and "COOP" will relinquish its SEC position as merely the allowed ... "registrant" ... 10-K reporting with merely one operational sub' ... toooo funny', ... that ? has always been hilarious'
now watch as 36k', hurts an arm patting on the back, and taking credit' ... ! ! LOL ... the wmi-lt is not any part of anything anymore' ... 36k is simply a kool-aid stand owner
... COOP goes first with the share correction' ... in my opinion
just sayin'
AZ
AZ, we have heard all this and more before....the million dollar question is when will the money start flowing to the ones that released?
WMI DBA WAMU bank was injured by LIBOR as tit was the sole owner of the WAMU Banks and numerous other subsidiaries that were harmed by the bogus interest rates charged by various lenders as well as the Federal Home Loan association that they borrowed from that based their lendinding rates on LIBOR.
For years every person or entity that borrowed money was shafted by paying higher bogus interest rates on all loans that were base off of LIBOR.
The whiners here that sold or didn't release shares are some of the most bitter and jealous souls on earth as they have nothing coming back. I know of one here who managed his wife's alleged 19,000 shares of WAMPQ's and sold out early and therefore didn't receive any Escrow shares. I can't imagine what my wife would do or say if she learned a Mega payout was happening to those that had signed a release and received Escrow shares.
Hi AZ, some folks are being asked to update their beneficiary info within their profiles by their brokers. Timing is uncanny. Seems we are very very close. Also Gorilla XXXX may want to feast on all the available cheese asap.
GLTA
~ "COOP" has always provided for a good time ever since 2018, whether making available pps profit ?, or, some hilarious narrative' ... from the ad-hoc that believes the wmi-lt's pr's and timely and time dated' filings, still matters ?, (they don't) ... or, to those other ad-hoc(s) that profess "nothing is coming back" ... a comedy club ! ! for fun and a good laugh' ...
Thanks "COOP' for all of the laughs' ! ! ... and', ... for all of the beautiful profit taking that COOP made possible', beginning in 2018', to settle out ones WaMu expenses, from the single digit pps, and up ...
ol' cactus is very glad to have released P's, K's, and common share uq's, ... as well as the DIRECT Purchase Ownership of WMB Notes' :) :) :)
just sayin'
AZ
~ Good Morning, ... Lot's of "COOP" "Board" Activity Lately' LOL ~
As all of this, finally comes to a head, ... ? ... The "Following" was the Court Approved Completion of the Settlement Agreement Placed on the Actual Docket, between the FDIC and WMI ! !
yepperini, ol'cactus ... read the GSA between the FDIC and WMI', with JPMC allowed as an intervenor if necessary, (JPMC NEVER Exercised that Allowance) ... and, more importantly ! ! ... then, followed the GSA through to the Implementation of the actual GSA' Settlement' ... and the completion (9901)
Imagine how many have that same feeling about borrowing. Perfectly designed plan to cull people and increase their lion's share.
April fools day so late 28th April!
why would WAMU be awarded any money from LIBOR settlements, if any.... WAMU does not exist anymore, and at the time they were making money off elevated interest premiums on loans they wrote, and sold to other agencies to make MBS....the FDIC lost money by over insuring liabilities on banks balance sheets with out collecting higher premiums they charge banks for protecting depositors savings....WAMU, and WMI was not in the business of making credit default swaps, and all the rest of those exotic derivative contracts....any money from LIBOR settlements will be kept by the FDIC....the ones that were harmed were the borrowers who made higher payments on loans, which were inflated with bogus interest rates.... ....Lodas
Theres plenty in the news now to take any attention off the mega settlement to come. Perfect timing. Plus the protection order will keep the whole thing quiet. If this happens the way it looks, there will be virtually no announcement of settlement. Dimon will like that.
We will just wake up to extra funds in our accounts.
It will blow my mind if we get paid anything.
JHD
Any day now. May be waiting for the war to heat up.
Libor update.
So we know the Fdic has requested and been granted case protection. That means getting updates and settlement info will be difficult.
I think the judge granted the request due to the enormity of the case. It will be the largest in Fdic history. Why? Wamu, that's why.
I have a feeling as do others that we may see something happening any day now or the first half of May.
The secretive nature of protection makes me worry a bit, but its certainly understandable why the Fdic requested it.
Will the settlement be 400b? Doubtful.
But 100-200b is possible considering the banks made trillions.
Then the judge decides how the Fdic must divide the settlement. My guess is Wamu gets 50%.
AIMO
yo ron?......WAMU and Lehman do not exist anymore....!!!.......whatever happened in 2008 does not mean they will be paid back for losses sustained in dealing with counter parties... AIG was bailed out by TARP, and most banks losses in writing these instruments was absorbed by the Federal Government to clean up their books so that they could start lending again.....by the way, you stated in the WMI Feb MOR that the balance sheet shows a 20.7 billion dollar shareholders retained earnings...you are lying, by stating a false fact.... the entry shows a (20.7 billion dollar loss) in shareholders Retained earnings.... can you explain why WMI was given some 5.89 billions in NOLS as part of the GSA agreement?... why would the IRS give a bankrupt company , filing a chapter 11 reorganization a NOL Tax credit for possible future earnings when they emerge from chapter 11?.....could it be that WMI abandoned the 20.7 billion in RE for the 5.89 billion in NOLS?....yea, keep me on ignore so that you dont have to answer.... also, by the way, I am still waiting for the link to the 309 billion dollar RICO award to WMI in that well documented D.C. duel track court case....did you forget, ?.... I didn't..... Lodas
Bob, I agree that just the fact that they will lend is a feeling the value is there. Their objective to keep it sticky.
Please Read This Post Regarding CDS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174266097
This is significant for the entire ABS Market generators like WaMu, Lehman’s and F&F.
The CDS insurance contracts need to pay for the ABS losses.
Asset Backed Securities;
MBS.
RMBS.
Others (credit cards).
Ron
I think we break 80.00
coop is 79.08 dollars per share in after hours trading as shown on TD America...... wowzzza!!!!!! Lodas
Its 28 days after April fool, so that does not work either.
But the first week of May could be a setup for some good news.
GLTA
LOL Well folks still dreaming
Weeeee push me higher LOL
Agreed.
Lend? LEND?
NEITHER A BORROWER OR A LENDER BE.
Last time I borrowed money was over 25 yrs ago to buy a house, paid it off in 10 yrs
I DON'T NEED THEIR STINKING MONEY
""Using documents, the banks may lend us money""
Payments trust me after great study IMO if you dare
6/1
7/22
10/4
10/22
Amount
130 Billion
2.5 B
9 B
141. Total
Using documents, the banks may lend us money
The 28th April is Sunday. Who will offer good deal ?
common and preferred shares were cancelled and extinguished, and all rights unto the prospectus are null and void!!!!!!.... didn't you read that when you signed your release, or did you rely on AZC, and ron, and boris to get your information?....the money train derailed 12 years ago while you were drinking koolaid.....Lodas
Thanks. Could you hint on how ‘good’ please ?
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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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