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W-9 INFO
ITEM 4
Under U.S. federal income tax law, interest and other reportable payments may, under certain
circumstances, be subject to “backup withholding” at the then applicable backup withholding rate (currently 28%).
Backup withholding generally applies if the holder (a) fails to furnish its social security number or other taxpayer
identification number (“TIN”), (b) furnishes an incorrect TIN, (c) fails properly to report interest or dividends, or (d)
under certain circumstances, fails to provide a certified statement, signed under penalty of perjury, that the TIN
provided is its correct number and that it is a United States person that is not subject to backup withholding. Backup
withholding is not an additional tax but merely an advance payment, which may be refunded to the extent it results
in an overpayment of tax and the appropriate information is supplied to the IRS. Certain persons are exempt from
backup withholding, including, in certain circumstances, corporations and financial institutions.
. Important Tax Information Required – Potential Withholding. Distributions to holders of Common
Equity Interests by the Debtors or the Liquidating Trustee, and any subsequent amounts received by the Liquidating
Trust allocable to a holder, are subject to any applicable tax withholding.
In addition, in the case of any Liquidating Trust Beneficiaries that are not U.S. persons, the Liquidating
Trustee may be required to withhold up to 30% of the income or proceeds allocable to such persons, depending on
the circumstances (including whether the type of income is subject to a lower treaty rate). Such withholding is not
dependent on the Liquidating Trust distributing any cash or other proceeds. The Liquidating Trustee may also place
such withholding in an escrow pending a determination as to whether the withholding is required under applicable
law.
To avoid unnecessary withholding, each U.S. holder is required to properly complete and return the
Substitute Form W-9 included at the end of this Ballot, certifying that such holder is a U.S. person, that the TIN
provided is correct, and that such holder is not subject to backup withholding, as per its instructions. Exempt
persons should indicate their exempt status on the Substitute Form W-9 as per its instructions. Each non-U.S.
holder is required to complete and return the applicable IRS Form W-8 (W-8BEN, W-8ECI or W-8IMY, as
applicable), signed under penalties of perjury, certifying the holder’s foreign status. These forms may be obtained
from the IRS website (http:/www.irs.gov). Holders should consult their tax advisors as to any qualification for
exemption from backup withholding, or a lower rate of U.S. withholding under an applicable treaty or exemption,
and the procedure for obtaining such exemption.
Tax forms must be sent to your Voting Nominee, along with the completed Beneficial Holder Ballot.
In order to be eligible to receive a distribution from the Liquidating Trust, you must provide the requested
tax information in a timely manner so as not to forfeit your distribution. See Plan § 29.13(c).
https://www.fidelity.com/misc/wamu/WAMU-Class-22-Beneficial-Ballot-Code-GG-939322-10-3.pdf
Why bother mentioning of common equity in 02/24/2020?
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
Thank you for saying that it's been all these long years sometimes doubt creeps in.
To see the escrow cusips now go to History in your account. They are there. If you released.
Yes anyone that received markers (cusips) in their account showing share amounts did it correctly.
JHD
I did receive my common shares voting packages in the mail that I submitted to my broker Fidelity. I released all my WamUq”s and WAMPq’s using the forms provided to me and received my escrow shares.
then you tell us in your own words how easy the solution is to your problem of not receiving added recovery after 11 years since the close of the chapter 11....go ahead, the podium is yours to finally make a statement!!..... Lodas
~ Now, after COOP's 2018 Acquisition ?, Follow Through To The March of 2019 Filings, Filed in an attempt to disrupt the 2012' WMI Plan of Reorganization', Federal Court Approved' ~
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174398914
Yes, It Was Catz that made sure' "Everyone" had access to links providing the printable release documents'
ol' cactus received all, Dimeq, WamPq, and WamKq, voting packages, mailed and received in proper form ... copies still maintained' ... common share voting packages were magically not mailed out' (rosie) ... the printable links Catz provided helped everyone that also held common shares and needed to submit a release' to participate ... ! ! !
... it was "bopfn" that said, we didn't need any equity committee, or any representation', and then later on, to follow the voting package insert, which recommended everyone vote against the plan ... 2/3 rds of the commons were needed to approve' ... magical how that actually happened' by a smidge' LOL'
"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'
It's not that complicated
Warren Buffet talking about banking basics...
~ Oh and, It Was Catz that made sure' "Everyone" had access to links providing the printable release documents' ~
ol' cactus received all, Dimeq, WamPq, and WamKq, voting packages, mailed and received in proper form ... copies still maintained' ... common share voting packages were magically not mailed out' (rosie) ... the printable links Catz provided helped everyone that also held common shares and needed to submit a release' to participate ... ! ! !
... it was "bopfn" that said, we didn't need any equity committee, or any representation', and then later on, to follow the voting package insert, which recommended everyone vote against the plan ... 2/3 rds of the commons were needed to approve' ... magical how that actually happened' LOL'
"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'
Not sure how to interpret all this (far from a legal scholar), but in the link under the "P's", once opened, go to :Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings, and click on the 'Go to SEC filings', then on the May 7 info at the top, it shows an attorney for Michael Rawls selling 27,000 common shares. Don't understand it at all (a listing of common shares selling und a link for the P's), but it shows activity only 4 days ago.
Same data for the link under the K's.
~ ExoStatic' Is Correct', ... By COOP's OWN Description As Listed ! ! ~
... "the mr cooper group" (COOP), is the result of a necessary' 2018 Acquired Sub grouping, simply being used as an SEC allowed "registrant"
"Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing, and Originations. The company derives the maximum revenue from the Originations segment. The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers. It also provides technology and data-enhanced solutions to home-buyers, home sellers, real estate agents and mortgage companies."
"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'
~ The WMI / WMIH Preferred Managing Sub' ... Pre-Chap 11', Initially SEC listed under WMI, ... Now after the WMI Reorg, listed under WMIH ... Cash In and Cash Out Trackable ~
... ALL, are Releasing Court Approved Plan Participant's ...
The Master ... "Cayman" Reg-s (multinational)
G9463GAA6
https://markets.businessinsider.com/bonds/7_250-washington-mutual-preferred-funding-cayman-i-bond-usg9463gaa60
93934VAA5 Cayman, ... Under The Master ISN Reg-s USG9463GAA60
93934WAA3 Cayman ... Under The Master ISN Reg-s USG9463GAA60
93935JAA1 Cayman ... Under The Master ISN Reg-s USG9463GAA60
93935RAA3 Cayman ... Under The Master ISN Reg-s USG9463GAA60
93936TAA8 Cayman ... Under The Master ISN Reg-s USG9463GAA60
https://markets.businessinsider.com/bonds/7_250-washington-mutual-preferred-funding-cayman-i-bond-usg9463gaa60
... wampq ... 939322814 ... "Security's Distribution is Suspended!"
https://www.quantumonline.com/search.cfm?tickersymbol=WAMPQ&sopt=symbol
... wamkq ... 939322830 ... "Security's Distribution is Suspended!"
https://www.quantumonline.com/search.cfm?tickersymbol=WAMKQ&sopt=symbol
=================
PROOF' ...
All WMI Preferred Equity ... Caymans, P,s and K,s are pari-pasu with their receipt of participation in the reorganization ...
Plan Released P's and the K's are good ... and the common shares own the Reorganized Holding Company's estate ... the P's have been SEC trackable, the K's were' difficult' ... until now ! ! !
the WMB Notes are separated by cusip, able to be reviewed by a "Direct Owner" ... and are being currently serviced by a Sub of XXXX
"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'
EXO, you said the following. Thanks for sharing as these kind of missed facts by most put in this way is fun, fun, fun but only if you have timely signed releases by 3/2012!
—————————————-
I purchased shares and I can't wait till they get 2.5%... A company (COOP) that services 1 Trillin dollars is just a subsidiary, wow think about that a sec... Kinda makes me smile.
——————————————-
This is a perfect (PROOF) example of an asset (parent-larger company) far larger than COOP that is owned by guess who…yes, you are correct owned by those investors who signed timely releases by 3/2012
…
But I do have official statements from my brokers of my escrow holdings
Huge, huge! Not sure why some are acting like the Hedge boys are stupid??
One thing about Hedge’s, is they would never spend Million$ of dollars of their own Money to fight for something that won’t pay off….
AND HERE IS Boris’s quote…..
“why did the UWs send a team of high paid lawyers to bops hearing? And do you really think the hedgies are fine losing billions of dollars....and are completely silent?
Ha! “
Common Sense is not given to all… unfortunately there are some people who have missed it when the good lord was handing common sense out.
GLTA, hopefully we will see some dough within the next 3 to 18 months.. this is not over as of yet. (my speculation)
I hope all families have a great Mother’s Day weekend! Mothers, you are loved!
Happy Mother’s Day!
So how many bashers took the bait!!! You can tell me later...naaa don't bother... hahahhahahaha They are just waiting on the opportunity to tell us share holders that the debtors are everything. The debtors are bye bye so... So who do you think they defended...Yep the ones that pay them... So simple even a child can figure out... Simple... I have to say I have made money on COOP... So who thinks they can start a company and turn it into a company that services 1 Trillion dollars???? Let's see who takes the bait this time??? Come on you can do it... I have made money on COOP because I purchased shares and I can't wait till they get 2.5%... A company that services 1 Trillin dollars is just a subsidiary, wow think about that a sec... Kinda makes me smile... OOOHHH I forgot you could do it faster...hahahaha
Night night!!!
Have a great day Share holders!!!
EXO
Here you go, darling.
https://www.fidelity.com/misc/wamu/index.shtml
Can you redact personal info and post the forms?
I'm so stupid I didnt keep copies but it was all done so hurriedly. I was advised by some not to release so I would be able to sue later. Lucky i took the advice of bopfan and a few others and released at the last minute.
too bad that you will not see my post because I am on ignore, but all parties to the GSA settlement granted releases to each other in their cross complaints... JPM was released , and also received 600 million from the WMI estate to settle faulty MBS putbacks... JPM got the WAMU banks and related assets from WMI for 1.89 billion dollars total, and took over the savings and loans institutions, and renamed them banks under JPM control... the FDIC took 299 billion in sub prime mortgages from WMI and holding them against the 14 billion dollar liability caused by the 16 billion dollar depositors run and the equity stock sell off backing them... WMI got 6.5 billion in cash plus over 5.89 billion in NOLS in return for abandoning their stock and equity (20.7 billion) in WAMU...the FDIC said that there was no cost to them as they took the 299 billion in MBS and "milking them down in run off to pay the 14 billion deficit in WAMU balance sheet...you are not a shareholder in WAMU, and have no rights to former assets of WMI, now Wmih when you signed your release in return for shares in the new company... in short, you will get squat when everything settles out, and the receivership closes... you are a loser who keeps laughing an putting people on ignore when they are posting official links to documents...Lodas
I too love the ignore feature.
Makes this board great to view and interact with.
And yes, those who released have wonderful news ahead. This will be a great year.
And for those who did not release...why did the UWs send a team of high paid lawyers to bops hearing? And do you really think the hedgies are fine losing billions of dollars....and are completely silent?
Ha!
Libors up to the plate now. Bases are loaded.
Has the FDIC been released???? Is LIBOR complete???? Yep count the $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Cry if ya can't
HAHAHAHAAH
EXO
I can't believe I didn't keep copies. Duh! Millions coming and I have no proof. But I do have official statements from my brokers of my escrow holdings back then so I have proof of my positions.
Im sure the court has complete lists in their files.
The Ignore button makes those posters go away... Great feature... All their crying and trying to stir the pot means nothing... zip, nada nothing... It does not change any facts or the outcome... I think some are paid because it;s the only conceivable reason... Maybe their mommy didn't love them enough, who cares. This is not over and I listen to those posters that contribute. I iggy those who just waste my time. I recommend the iggy button, I tire of some good posters wasting our time with those who DO NOT THINK anything is coming back. hahahaha let me guess the debtors said so... They were paid and you would have thought they disappeared into the night. Nopey no such luck.
This is not over and we all know that. What is the difference between a chapter 11 vs chapter 7 kids...HAHAHAHA Yes it's an on going concern. Music to our ears... Did the court take into account all the company? Nopey they were not allowed too...Too funny!!!!! Is their court docs that say we are in the money??? YES their are... Nothing to see here...HAHAHAHA IF you purchased shares and signed timely releases you are golden, If you did not you would be correct --- Nothing is coming back to you... I for one did buy and sign so guess what kids.... Happy happy happy... I'm glad I did it years ago and I would do it all over again!!!! Soooooooo
Have a great night!!! Thank you who post thoughtful, meaningful posts... Some should try it...
EXO
Boris, Yes, I did.. nd9
16 yrs ago...I'm lucky if I can remember what I had for dinner tonight!
But there were a few on the yahoo board back then who told people not to release. I bet many of those are the ones on these boards today who are calling us releasers stupid.
Could you let us know about the genius who asked you not to release ?
Can you redact personal info and post the forms?
I'm so stupid I didnt keep copies but it was all done so hurriedly. I was advised by some not to release so I would be able to sue later. Lucky i took the advice of bopfan and a few others and released at the last minute.
Yes. Made copies of what I faxed.
Did anyone keep copies of their W9 or release form?
Form I filled had only two options to click
Optin
Opt-out.
No shares or cash options.
I got WMIH and COOP Shares.
"First rule of business, protect your investment." - Etiquette of the Banker 1775
I believe this is what I've been attempting to do for 15 and 1/2 years.
This is where I started 15 years ago and since then I observed very little change.
At 70 years old I had already been subject to systematic abuse even though I was in great service to our social process. Basically I went the opposite way of the military industrial complex and went to Alaska for a year and Hawaii for half a year in Seattle for 16. This system must improve because it is brutally predatory.
I did not serve in a war but that was because my number didn't come up in time before we quit. However as you might be able to tell I continue to be helping whenever I can.
Don’t think it was for PQ. Only DIMEQ Shares
Whatever happened to FDIC rule preventing JPM Chase from buying WMIH?
*******************
Restrictions on Sale of Assets by the Federal Deposit Insurance Corporation
https://www.federalregister.gov/articles/2014/10/24/2014-25337/restrictions-on-sale-of-assets-by-the-federal-deposit-insurance-corporation
A Proposed Rule by the Federal Deposit Insurance Corporation on 10/24/2014
Action
Notice Of Proposed Rulemaking.
Summary
The Federal Deposit Insurance Corporation (FDIC) is proposing to amend our regulations. Part 340 implements section 11(p) of the Federal Deposit Insurance Act. Under section 11(p), individuals or entities whose acts or omissions have, or may have, contributed to the failure of an insured depository institution cannot buy the assets of that failed insured depository institution from the FDIC. The proposed revisions to part 340 will help to clarify its purpose, scope and applicability, and will make it more consistent in our regulations, the parallel provision in the FDIC's Orderly Liquidation Authority regulations that implements section 210(r) of the Dodd-Frank Wall Street Reform and Consumer Protection Act by placing restrictions on sales of assets of a covered financial company by the FDIC. Sections of part 340 became effective on July 1, 2014
Table of Contents Back to Top
DATES:
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
I. Background
II. Proposal
III. Request for Comments
IV. Regulatory Analysis and Procedure
A. Paperwork Reduction Act
B. Regulatory Flexibility Act
C. Plain Language
Text of the Proposed Rule
Federal Deposit Insurance Corporation
List of Subjects in 12 CFR Part 340
Authority and Issuance
PART 340—RESTRICTIONS ON SALE OF ASSETS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION
DATES: Back to Top
Written comments must be received by the FDIC not later than December 23, 2014.
ADDRESSES: Back to Top
You may submit comments by any of the following methods:
Agency Web site: http://www.fdic.gov/regulations/laws/federal/. Follow instructions for submitting comments on the Agency Web site.
E-Mail: Comments@FDIC.gov. Include “RIN 3064-AE26” in the subject line of the message.
Mail: Robert E. Feldman, Executive Secretary, Attention: Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
Hand Delivery/Courier: Guard station at the rear of the 550 17th Street Building (located on F Street) on business days between 7 a.m. and 5 p.m. (EDT).
Federal eRulemaking Portal: http://www.regulations.gov/. Follow the instructions for submitting comments.
Public Inspection: All comments received will be posted without change to http://www.fdic.gov/regulations/laws/federal/ including any personal information provided. Paper copies of public comments may be ordered from the Public Information Center by telephone at 703-562-2200 or 1-877-275-3342.
LIQUIDATING TRUST INTERESTS THAT MAY GENERATE CASH RECOVERY IN THE EVEN ALL CLAIMS 100% SATISFIED?.
AND GRANTOR TRUST TREATMENT OF TRUST BENEFICIARIES ARE AS OWNERS DIRECTLY RECEIVING DISTRIBUTIONS FROM DEBTORS.
SUCH BENEFICIARY IS ALREADY REGARDED FOR FEDERAL INCOME TAX PURPOSES AS OWNING THE UNDERLYING ASSETS(AND WAS TAXED AT THE TIME THE WAS EARNED OR RECEIVED BY SUCH TRUST)
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
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.
Page 8
https://www.sec.gov/Archives/edgar/data/1545078/000119312519092649/d658548d10k.htm
FOR THE ABOVE REASONS WMILT WANTED W-9 FROM RELEASING EQUITY HOLDERS.THE ASSETS MUST HAVE BEEN GENERATING CASH FOR A WHILE.
Libor settlement not appealable, nor other distributions in this case.
Libor will be settled in judges chambers so no appeal allowed. And our other payments are just distributions.
So what can be appealed? Nothing.
That’s what I remember as well!
Potential Recovery For Equity
Page 3/13 from equity committee
https://www.sbroker.de/pdf/Washington-Mutual-Chapter11.pdf
We all wanted cash!!!!
I think that was only for DIMEQ shares.
LG i think it was for WAHUQ/CLASS 16 ONLY.
I recall some had an option to receive limited shares.
LG just confirmed that as well.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174395094
Don’t think it’s a big deal, but I do recall some had an option to choose.
Now we just wait for new shares !!!
Xoom, as I thought. I am staring at my WAMPQ release form and W9. There is no box to check for cash or shares. There is an option on form to accept plan or not and an option to opt out or not... but that is it...
ND9
Hey LG, you’re probably right, there’s no way that the big boys want more money taken out from their pockets. They even cried when we were asking for 30% and they wanted it reduced to 25%.
I have been in a lawsuit for 14 years due to patent infringement and breach of contract. All the time it goes from one court it gets appealed and goes to this court that court then court comes again and then there’s another appeal. and another appeal if they want this to last forever, they probably could this system sucks.
There was an option to receive limited shares in one of the choices
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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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