Mr Cooper Group Inc (COOP)

[Boris the Spider]

Split, the hedgies will be in the same tax situation so we will somehow find out how they will approach it.
Some payouts will be taxable but some wont. Lets hope this happens in 2024 before they increase cap gains to 45%.

[Bizreader]

No problem, and you know what else, they wouldn't send out w-9s if they didn't have any expectations for needing it. Even back then there were expectations, which remain, necessitating they have my W-9. Duh.

[garyhalvo]

Hey split, we could do that, but odds would be against us. Always remember this, there are always going to be two things in life that we can’t get away from, death and taxes.

[Split T]

Boris , If and when we get a large payout that has Taxes taken out many of us could hire a Litigating Tax Attorney Group to argue our case if needed since we would all pretty much be in the same boat . We can cross that bridge when we come to it as no one know what will actually take place first...to many potential sources of income.

[Boris the Spider]

If its a settlement, no taxes.
Of course we will get 28% withheld and we would have to argue our case with the IRS. Good luck with that!
At the very least it should be considered LTCG.

[newflow]

We all know there were at least $20 B assets were contested by FDIC and JPM which they gave up due to GSA. And we all know equity TAB members were there since 2012 thru 2020. WHY?. Does any one think sr. creditors entertain equity members with no stake in it?. LOL.And one more open secret is LT agreement was restated and amended and kept in dark, WHY?.All creditor claims were done, why keep the new agreement under dark?. Any business agreements with JPM?. Possible, IMO.
THOSE SENIOR CREDITORS THREW US OUT 7 TIMES.

[FredMiller]

Thanks!

[FredMiller]

Thank you for your input. Very much appreciated garyhalvo!

[garyhalvo]

Yes on cash, because if we get shares that would be on your tax returns if you sell.

[garyhalvo]

W-9 was required for tax liability, not really for what we received already, that would have to come from your brokerage.

The W-9 would be used for any payments coming directly from the source that is paying a settlement.

I always believed that the W-9 was just compiling a list of investors to let JD know who’s on it, because he told all of his employees that they had to get rid of their shares.

Don’t forget, JD had said that there are going to be 100’s of families added to his list of millionaires.

[newflow]

WMI LT maintained 3 disputed ownership funds,WMILT itslef, Disputed Claims Reserve(DCR) and Disputed Equity Escrow(DEE).
DCR received certain Plan Contribution Assets based on GSA and those assets were allocated among equity classes and WMILT had to report the ownership of the assets ,taxes needed to be withhold(in some cases), for those reasons WMILT needed W-9 information from equity classes too. That DCR had its own EIN.I don't see COOP file any forms related to DCR like DEE.

[Bizreader]

W9 investor personal information is required during preparation for distribution in order to comply with the IRS guidelines for this type of transaction. If I recall correctly, the release documents came with the W9 form.

[Split T]

After hour... Options are indicating $85+ on the 17th IMO.

May 17 1.80 0.95 1.95 2.15 7 44 82.50
May 17 0.60 0.35 0.55 0.70 134 376 85.00


"Price is heading up More IMO.

May17 Options are moving right along and indicate $84-$85 next week.

May 17, 2024
May 17 5.30 0.40 6.10 6.50 5 496 77.50
May 17 3.91 1.44 3.80 4.00 19 355 80.00"
May 17 1.80 0.95 1.80 1.95 7 44 82.50
May 17 0.55 0.30 0.50 0.60 114 376 85.00
May 17 0.05 -- 0.05 0.20 -- -- 87.50

[FredMiller]

Thank you DarkB4Dawn,

Does the W-9 imply cash distribution only? and I'm mistakenly believing shares require a W-9?

I appreciate your response!

[DarkB4Dawn]

Form W-9 (or an acceptable substitute) is used by persons required to file information returns with the IRS to get the payee's (or other person's) correct name and TIN. For individuals, the TIN is generally a social security number (SSN).

In the event that a payment is made to a person using one it identifies that person and their possible obligation to pay tax's on the hypothetical distribution (if any).

[FredMiller]

Can someone remind me the significance and weight of the W-9. I remember a few arguments on this board giving me an impression that its one more pebble on the Scale and Balance of proof we are in the money. Just curious to as to how a
W-9 gives one hope or means more than just a tax requirement.

Looking for the meat and potatoes of this W-9 opinion other than the obvious "were paid" explanation.

I completed a W-9 when agreeing to plan 7 because it was a guarantee payout to shareholders. Once March 12, 2012 hit I received my promised shares for this Event hence a W-9 was required for tax liability. And so forth 2015 or 16 when we received a second share distribution.

Other than this what is the significance and argument made by pro escrow believers that a W-9 is more proof we are "IN THE MONEY"

I've seen the back and forth but never truly understood the idea why a W-9 is proof.

Can anyone shed some light?
tia

[xoom]

Uncle Sodas, do you have any ‘official document’ that states what the ‘official closing price’ of COOP will be tomorrow at 4:00 pm eastern ?
You don’t. But yet you trade ?
Point being, all you need is some common sense and you could skip the ‘official documents’

[Bizreader]

Defaulting on debt is something that we consumers do... banks won't default on what they owe me. But they'll definitely not be timely in their payments or settlements.

[Bizreader]

After spending 15 or 16 years observing the banking industry through the court processes, and otherwise, I'm pleased to provide this link to those who are interested in summarizing the issues with a few solutions in the following video:

[xoom]

Agree BD. How could you walk into a Ferrari showroom and say I only need the tires and the steering and you keep the rest .

[boarddork]

Term sheets (think GSA) could've preserved first right of refusal purchase rights by JPM after any TARP statute of limitation expired..if BBob statement is even actually true. Could explain why this has taken so friggin long. In other words, both statement could be right. A person could say it was prohibited, and could also say JPM bought lock.stock.barrel...because they haven't closed the transaction yet. Like buying a house under contract (the GSA), where an escrow account is then opened with a closing date, the closing date gets extended multiple times - however both buyer and seller agreed to grant multiple extensions to closing date as needed (thx to coffee committee, the fdic receiver and corp, etc.)

[JusticeWillWin]

84.00 new ALL-TIME HIGH today======>real-time chart

[jhdf51]

I believe we touched $84. For a moment.

JHD

[jhdf51]

Such a nice day! $83.93

[oniro3363]

83.93 fantastic day!

[newflow]

loda why did you omit wmilt from title to assets?Whats your intention/motive?

[xoom]

Bban says it’s prohibited.
AZ says it’s all lock stock and barrel.
Pick one and be happy

[newflow]

https://www.weil.com/people/stuart-goldring significant portion of the company’s assets
Washington Mutual in its chapter 11 reorganization, including the tri-party settlement with JPMorgan Chase Bank and FDIC resulting from the seizure and subsequent sale of Washington Mutual Bank.
Washington Mutual Liquidating Trust, established pursuant to Washington Mutual’s chapter 11 plan, to liquidate and distribute a significant portion of the company’s assets, including up to $500 million of potential federal and state tax refunds.

[newflow]

loda 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.

[newflow]

No problem, Disbursing Agent has W-9 info.

[JusticeWillWin]

LATEST COOP short-interest TODAY after 4:00 p.m. ET

https://www.nasdaq.com/market-activity/stocks/coop/short-interest

[Split T]

Price is heading up More IMO.

May17 Options are moving right along and indicate $84-$85 next week.

May 17, 2024
May 17 5.30 0.40 6.10 6.50 5 496 77.50
May 17 3.91 1.44 3.80 4.00 19 355 80.00
May 17 1.80 0.95 1.80 1.95 7 44 82.50
May 17 0.55 0.30 0.50 0.60 114 376 85.00
May 17 0.05 -- 0.05 0.20 -- -- 87.50

[jhdf51]

Share buybacks good.. dilution not so.

JHD

[t1215s]

GOGOOOOOOCOOP

GLTA-Ts

[Split T]

goodietime, I appreciate you sharing your Spread Sheet with the Forum.
As a holder of Dime Shares I might add that they were included and are exactly equal to the WAMUQ Shares.

[PickStocks]

Cancel culture……when challenged…..

[PickStocks]

Now you are cactus Champion!!!! Awesome….

[BigBang]

I believe, I could be wrong, that JPM is prohibited from buying the remaining assets belonging to our beloved WMI. At least that is what I remember but, then, much time has gone by.

[Oberthal]

Tried this sheet but doesn’t calculate.

[lodas]

here is a simple observation....... "if you cannot explain something that you believe to yourself, and others with facts, then it is just fantasy.........AZ Cowboy, with his opinions, without factual evidence, is trying to convince this board that WMI, exited chapter 11, with billions of assets hidden behind a company called "XXXX", which is non reporting, and allowed by the SEC to disseminate corporate material to people WMIH sold stock to in a public offering, without disclosing the true net worth of the companies holdings.... said another way:.. XXXX emerged from chapter 11 , and hid assets from the bankruptcy court, and exited as WMIH, then acquired NS, and it is using "coop", as a registrant to report earnings to the public, with support from the SEC, all the while, XXXX is allowed to remain hidden from the public with billions upon billions in unreported assets not disclosed to the bankruptcy court.... AZCowboy, further goes on to state, in his opinion, that XXXX will "soon emerge" from the background, and make restitution to former Wamu equity and preferred holders their former holdings, along with dividends that were suspended for 11 years!!!... of course, this is in contradiction to what the amended POR 7 states, but it does not matter to AZCowboy.... he says he can explain it very plainly with more time, and less documentation.... so, AZ, where are the documents for these assertions that you continually make in opposition to the official documents... either you are fabricating stuff, or WMIH is lying.. which is it?...... Lodas

[Boris the Spider]

Use the ignore feature. Let them talk to themselves.

[suzuki1a]

Right on cue! AZ post a narrative and the twins appear, just like clockwork! Pick & Lodas, with their rebuttals toward AZ and his narratives. I noticed something a little different today, so obvious, the same ole by both .... and also ?!?!?! & !!!!.... 🤪 no doubt, this will be deleted!

[Boris the Spider]

Yes AZ this will be a big year.
Libor, shares, loads of cash, divvies, and my guess...that JPM buys it all and corners the mortgage servicing market.
Those who own COOP shares, and escrows, are going to have an amazing ride.

[lodas]

you have a lot of "opinions", but short on official documents.... here is one for you to read,,, the amended POR 7, page 96.... all common and preferred shares are cancelled, extinguished, and all obligations to pay dividends post chapter 11 closing is ended... it also says the Title to all assets belong to the reorganized debtor, JPM and the FDIC... it does not state that the former equity holders will be made "whole again" by some mysterious XXXX and give out shares... it also states the estate in no way belongs to former WAMU stock holders... it also say when you sign the release, you are barred forever from making an additional claim to retrieve assets, so, on, so on, so forth.... read it, and quit the BS... its up to the height of your boots now...in short,YOU ARE NOT A SHAREHOLDER ANYMORE , WITH ANY RIGHTS TO FORMER ASSETS OF WAMU WMI.....Lodas

[PickStocks]

What?!?!? Another prediction…
Quote: “Well Before 2024's Year End ~ “

You can’t go wrong unless 2025 comes and nothing happens…

[PickStocks]

Can you imagine the dividends that will be paid out now for those that held!

[AZCowboy]

~ "COOP's" Release of All Operational Subsidiary's (Not All Assets) Is Only SEC Required in a Year End 10-K ... and IMO, COOP will make its outstanding share correction, and be at 100million shares out', (minimum) and XXXX will have shown up !, ... Well Before 2024's Year End ~

~ Know What You Own ~ ... or, don't own for that matter LOL' ... LOL' ... LOL' ... ol' cactus released and, Directly acquired WMB Notes' (cowboys' like lots of everything ! ! ) ... wooooo hooooo ! ! !

"don't waste (or is that waist ? LOL) any time on the MANY', negative' ad-hoc groups, and especially' the (36 thousand' plus) FOS', research credit takers'

just sayin'

AZ

[lodas]

@ AZ Cowboy.... see what the SEC says about "registrant".......
h
ttps://www.law.cornell.edu/wex/registration_statement
in order for a company to issue shares to the public, ALL ASSETS MUST BE DISCLOSED.... that would imply that even if there was this mysterious xxxx, those assets would also have to be revealed!!!!... so, WMI, coop et.al., NEVER DISCLOSED THERE WAS A COMPANY BEHIND COOP, OR WMI . here is the facts... according to the amended 7 POR as ratified by all parties to the agreement, page 96...." all common and preferred shares will be cancelled, extinguished, and all dividends obligated unto the prospectus is NULL AND VOID, AND WILL NOT BE PAID!!!!!... now, what is your opinion about that official statement?....now , as for your docket,,,, it was stayed pending the outcome of the GSA settlement, and JPM paid about 250 million in penalties, and with signing of the GSA, ALL PARTIES GRANTED RELEASES TO EACH OTHER.....your docket is "kaput"... never will happen.... what say you?.... Lodas

[JusticeWillWin]

COOP has still CAPACITY LEFT in their CURRENT STOCK REPURCHASE PROGRAM, but I am sure they will either extend it or start a regular DIVIDEND, which would even be better for the PPS

[AZCowboy]

~ It's ALL Good, Even With "COOP's" Correction Back To A 100m Shares Out' ? ~

... COOP ... will NEVER Drop Below $50.00pps (IMO of course) ... and ... even if a drop in pps occurs, COOP will only be in that range for a very very short time because the Original "Posit" ... and ... the availability and the use of the 2.5 billion in Debt Structure Becomes a Reality ... (WMICT) ...

returning statutory interest is calculated and returned per each individual original released WMI ownership ... whether a WMI releasing common share owner' or a P fixed income bond releasing owner calculated separately ...

... any continued fixation with the now closed down and completed wmi-lt, or any reorg r/e, or any 75/25 ratios' of sharing' is ... Out The Window (long ago) ... it simply the reality' of "it is what it is"

nothing less than genius' ... (~ One Simply Needs To Figure Out WHO The Smart People Are ~) ... LOL'

and now for the 2nd time ... ~ Watch The Newco "COOP" It Is The Tell' ~

"don't waste (or is that waist ? LOL) any time on the MANY', negative' ad-hoc groups, and especially' the (36 thousand' plus) FOS', research credit takers'

Go Coop ... Get It Done'

"Abba Da Ayy"

just sayin'

AZ