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Not so bright...what no wants this investment to start performing?
No hedge funds? No investment Funds?
No KKR?
No Not anyone besides retail?
Please this has all been held up by the courts and parties much to ALL, that is, EVERYONES displeasure and Angst!
So no they are NOT gonna wait one sec longer than they have too because GREED and PATIENCE do not Play with Father Time and the Reaper that comes for all.
So IMHO,as you have yours, Everyone is looking to move this behemoth of its square!
Wamugold and yes you know its Gold that's why you are here my fellow traveler.
Regards,
B
100,000,000 x .02 = 2,000,000
What is A & M getting 2 MILLION a year to manage?? The industry standard is 1 to 2 %, YOU do the math & you will see a lot more than MILLIONS. Ever time You post MILLIONS I ask the same question 7&NEVER GET A ANSWER.
Jan 5 2018 has absolutely no significance anymore. The deadline for Preferreds Series B conversion has been extended 2 years out. Ooooucchhhh!! They have been delaying this PIG for any pay out since day one and it seems they will continue doing so regarless of what any retail buyer emotions are.
so I can expect more than the 3x roi I've already received for my H's going forward? cool...and they made a deal to include us OR defend their actions in court.
SAFE HABOR READING WMI 'Understanding"
Enjoy the music while we wait ........
Financial Institutions Can Be Parties to Contracts That Receive Safe
Harbor Protection:
Although the automatic stay is one of the central provisions of the
Code, it is subject to exceptions, one of which can be particularly
important in a financial institution bankruptcy.[Footnote 17] Commonly
referred to as a "safe harbor," this exception pertains to certain
financial and derivative contracts, often referred to as "qualified
financial contracts" (QFC), that are defined in the Code.[Footnote 18]
They include derivative financial products, such as futures contracts
and swap agreements that financial institutions, as well as
individuals and nonfinancial institutions, use to hedge against losses
from other transactions or to speculate on the likelihood of future
economic developments. Repurchase agreements, collateralized
instruments that provide short-term financing for financial
institutions and others, also receive safe harbor treatment.
Under these provisions, counterparties that entered into a transaction
with the debtor that qualifies for safe harbor treatment under the
Code may exercise their contractual rights even if doing so would
otherwise violate the automatic stay.[Footnote 19] Typically these
contractual rights are described in an ipso facto clause, which gives
the parties to a contract the right to terminate it or modify its
terms upon a counterparty's insolvency or the commencement of
bankruptcy proceedings.[Footnote 20] Such an occurrence constitutes a
default, and the nondefaulting party may liquidate, terminate, or
accelerate the contract, and may offset (net) any termination value,
payment amount, or other transfer obligation arising under the
contract when the debtor files for bankruptcy.[Footnote 21]
As with the Code, the FDI Act and the Dodd-Frank Act permit QFC
counterparties to move quickly to enforce their contractual rights,
notwithstanding the appointment of a receiver.[Footnote 22] After its
appointment as receiver, FDIC has three options in managing the
institution's QFC portfolio. FDIC can retain the QFCs in the
receivership; transfer the QFCs to another financial institution; or
repudiate (reject) the QFCs. Subject to some requirements described
below, FDIC can apply different options to QFCs with different
counterparties.
FDIC's first option is similar to the safe harbor provisions under the
Code. If FDIC retains QFCs in the receivership, the counterparty may
terminate the contract and exercise any contractual right to net any
payment the counterparty owes to the institution against the payment
the institution owes to the counterparty on a different QFC.[Footnote
23] While this right is immediate under the Code's safe harbor, the
QFC counterparty generally cannot exercise it against a failed insured
depository institution in FDIC receivership until after 5:00 p.m.
(eastern standard time or eastern daylight time) on a normal business
day following the date of appointment of FDIC as receiver.[Footnote
24] Because bank regulators almost always close depository
institutions on Fridays, the stay remains in effect until 5:00 p.m.
the following Monday. The second option involves FDIC's transfer of
QFCs to another financial institution or permissible entity. If FDIC
transfers a QFC to another financial institution, the counterparty
cannot exercise its contractual right to terminate the QFC solely as a
result of the transfer, the insolvency, or the appointment of the
receiver.[Footnote 25] Under the third option, FDIC may repudiate
(reject) a QFC, within a reasonable period of time, if FDIC determines
that the contract is burdensome.[Footnote 26] However, FDIC must pay
actual direct compensatory damages, which may include the normal and
reasonable costs of cover or other reasonable measure of damages used
in the industry for such claims, calculated as of the date of
repudiation. If FDIC decides to transfer or repudiate (reject) a QFC,
all other QFCs entered into between the failed institution and that
counterparty, as well as those QFCs entered into with any of that
counterparty's affiliates, must be transferred to the same financial
institution or repudiated at the same time.[Footnote 27]
Safe harbor treatment was first added to the Code in 1982 for forward
contracts, commodity contracts, and security contracts, and over time
the Congress has expanded the types of contracts and counterparties
covered.
[Footnote 28] The most recent changes to the treatment of safe
harbor contracts under the Code in 2005 and 2006 expanded the safe
harbor treatment to contracts related to mortgage-backed securities
and repurchase agreements, an overnight source of funding used by
financial institutions, and included provisions to strengthen and
clarify the enforceability of such contracts.[Footnote 29] According
to legislative history and FDIC regulations, the purpose of these safe
harbors and the QFC provisions in the FDI Act is to maintain market
liquidity and reduce systemic risk, which we define as the risk that
the failure of one large institution would cause other institutions to
fail or that a market event could broadly affect the financial system
rather than just one or a few institutions.[Footnote 30]
yeah MM's whom will then sell it later at a lower price.
Well that doesn't make any sense if they're selling there has to be someone buying it
don't know if it means anything or not, but my KKR position is 8% in profit...highest since I bought in to them(kkr) after they bought in to us(wmih). i'm thinkin' it does(mean something). no idea what, but it's good.imo
"""Exactly what court did what lawyers just make arguments - over what money - in what amount - that now encourages you"""
NOW INCOURAGES me, BOBVIOUSLY again you do not read here as much as you think.
It is called the BK FILING 32-8='s 24 , understand they filed for BK the day AFTER REPEAT AFTER the BANK ws seized,so there was no VALUE in WMB stock when they filed their BK.
So to CONtinue with this BK imnho would have been fraudulent.
Now ONLY ONLY ONLY assets that are held by the debtor can be used or brought up in a BK case..........................anything held in an SPE or a TRUST can NOT BE USE IN A BK CASE.
JUSTIN NELSON is his name and he repeated;y brought up the 24 bill until the judge slapped him, WHY did she slap him, because they were not assets directly owned by WMI, but held off book........
Once the Judge slapped him HOSENUSAGAIN started to chide him and say OK SO WHERE ARE THESE ASSETS, full knowing Justin could not even begin to talk about them since they were not in the estate......
NOW what make this whole POST FUNNY/SAD is YOU SHOULD ALREADY KNOW ALL OF THIS and actually you do, so yor purpose is what ???? To learn the basic 101 story here or what
Volume pretty low today, unfortunately most of it selling. all the buyers went back into hibernation again it seems.
Try to pull a trick as with WAMU in Russia . Would not hurt you if you would employ them, better to be trusted then JPM by far....
Aaron,
As I said earlier # 2
"""Left overs - ALL OF THEM - from parent went to LT"""
ARE YOU SURE OF THAT?????????????
What about the possibility of THE PARENT NOT OWNING or having direct control of SOME things and those HAVE NOT YET PASSED to the LT.......
Db case just finished up in sept and DB just put out a pr stating that they will START distributing to participants of those trusts in late JAN!!!!!!!!!
You can believe all is done, I believe we are just about to see money from the DB accts/trusts
DONOT
WHY sir are ALL of the hedge funds here? Why has KKR continued to want to be in the game, WHY havent all the Hedge funds dumped their positions and run for the hills........................
The BOBVIOUS should and I SAY SHOULD cause you to at least go HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
But YOUDONTUNDERSTAND!
So just wait it will serve the same purpose if you have an idea or are lost here..........
why do I spend time
Waiting to read of money that is there that someone makes a convincing case is the right amount and is not the property or MBS trust investors - JPM - or WMB creditors
So far I have seen a few such piles of 1-2 billion and I reserve my questions for THOSE occasions
And for insight on WMI
BBAN if you have time and patience (as I will read all posts until 5 PM tonight)
Exactly what court did what lawyers just make arguments - over what money - in what amount - that now encourages you
i.e. can you tell me the context of the court case and the lawyers actions
If not - not - but if you feel this is the one that pays us - and I do respect you - can you explain this one for me and 20 others at least who got lost in one of the 100 other "finds"
OMH SKY IS FALLING SKY IS FALLING, down 2.72% is not off the deep end pard and where were you when it was going up 7% a day and saying it's ROCKETING TO THE MOON......... transparent
BBAN
Thank you
Note - I do not understand a lot of the theories as to where big money may be coming to escrow and or WMIH - yes.
but
I do have an understanding that so far - for 9 years has been simple and right
Left overs - ALL OF THEM - from parent went to LT
We got WMIH and LT bottom rung for equity and I also had the semi debt H *trust preferreds
The LT will pay nicely 4 me on the H --- based on what I paid for those
The LT may finish with zero or 25 million or maybe 50 Million (all depends on the huge employee claim determination)_
That up to 50,000,000 should come direct to us (escrao)
That is all I see for Escrow
I own WMIH which got beat up by the TRump change in tax rates for corporations (the NOL and thus WMIH is worth half say)
But again -as 1000 theories of off balance money and post litigation money and JPM money and FDIC money float out there - on occasion I try to understand why such money is there and not paid yet and still coming to us --- and I do not understand any of the answers (i.e. they do not make sense to me) . So in that sense I get very confused on those and you are right
My sense with regard to hidden or future money is that its all wishful thinking but maybe I believe that because I do not understand .
As always I hope my sense of a ceiling of 50,000,000 for escrow is wrong and will gladly eat crow and have the money
If good news is a possibility tomorrow, why is the price currently starting to drop off the deep end? Not trying to get anything, just fishing for thoughts...
32 Billion
NEVER
we got screwed out of 2-5 Billion
notice the past tense !!!
we got screwed
but no relief is coming -- that is what it means to be screwed by better attorneys or the way the law was understood by the Judge
It make perfect sense for them to pay us or buy us out as they move forward. One has to wonder how many markers does KKR holds?
"OUR BOD has always been the LAP DOGS of the MAN THAT HOLDS THE GOLD!!!!!!!!!!!!
Why do you thunk that KKR has not put anything together yet????????????
How bout THEY WANTED CONTROL if it was their money!!!!!!
And imho they most likely put the brakes on anything we almost got done with a simple phone call or two,HEY guys this is KKR DO YA really wanna do that and go against us???????? Come on think real hard about going against us we aint little............."
BBAN, A question. WHY would they pick/allow KKR to be the entity in control?
Aren't there hundreds of Hedge Funds out there? What was/is so special with KKR?
AS BBANBOB says "BINGO!"
Bingo Regards,
B
I have always felt it should have been.
If you had 600 mill $$$ at stake , would you let a handful of people control YOUR 600 mill or would you want to control it, and until you had a deal YOU WERE WILLING TO LIVE with , would you cause it to move forward before you had the best deal FOR YOURSELF YOU COULD MAKE???????? I seriously doubt you would, and Jan 5th they have or will have made their newest best deal for THEMSELVES
IMHO that is what we have been waiting on THE GUY WITH THE GOLD MAKES THE RULES!!!!!!
ALLLLLLL IMHO
YES YOU ARE CORRECT! As I said Many CONTINGENCIES. The Kickoff begins Soon in two days time Jan 5th.
Mordicai regards,
B
because the stock price is too damn low
Please note the use of the words "Form of". Because of the amendment to the Series B, the various notification forms wmih is to advise the escrow agent with, if and when certain future events transpire over the next 21 months, had to be amended, changed, updated to reflect the series b amendments as well. This doesn't mean any event has happened yet, it just shows how wmih has to inform the escrow agent when and if those events occur. They are just revised templates.
Man why so neg? How bout ya look at it as """IT's THE START/BEGINNING OF THE END GAME.
KKR WILL NOW BE in CONTROL of the game and I'll bet ya stuff starts to happen now.........
feels that way, so frustrations should be directed at KKR?
IRS GUIDELINES ON CORPORATE DISSOLUTION
Very good read
Form 966 might give the total valuation of wamu 1031 and subs merged in it.
https://www.irs.gov/irm/part4/irm_04-011-007
JB I think this is what you have been missing all along pard!!!!!
OUR BOD has always been the LAP DOGS of the MAN THAT HOLDS THE GOLD!!!!!!!!!!!!
Why do you thunk that KKR has not put anything together yet????????????
How bout THEY WANTED CONTROL if it was their money!!!!!!
And imho they most likely put the brakes on anything we almost got done with a simple phone call or two,HEY guys this is KKR DO YA really wanna do that and go against us???????? Come on think real hard about going against us we aint little.............
LOL nope, just simply the date the new Series B preferred deal becomes effective is all.
https://ih.advfn.com/p.php?pid=nmona&article=76268584
nothing more nothing less IMO.
Yeah, they would all be Russian. What a traitor and a worthless POS, faux Pots.
Cool maybe i will be the date we get paid...
Smiling intuitive regards,
b
I think that is the date the new KKR deal kicks in. KKR is in control. BOD might just be their lap dogs. \(0-0)/
dung...don't sound so good
On the site when you come here , there is a LIST OF Acronyms that may be helpful.
Not to be ugerly at all but this aint WMI/WMIH 101 anymore we're long past that and it appears we may even be on our way to graduation with our MASTERS/PHD's(piled high and deep)!
What again is the significance of this date January 05 2018.
As far as any possible potential payouts to escrow markers if there is any , YES you're good to go
If Trump was in charge we would have had multiple M&A target companies and a sealed deal in 2 months. And no need for at least 3 people running our company. Trump replaces 3 people he doesn't sleep that's what keeps him going always thinking. Hell he could still run this company and the Country 2
Johnny
I just did a bit of research and found something sort of interesting concerning the """D""" we now have
The """D""" was placed on WMIH on 11/14/17, A LONG LONG TIME """AFTER """ we had traded under a $.
Now if you will as well look at the charts, 11/15/17 is when we started with the BIG VOL days and the appreciation in the share price????????????
SO KOWINKIDINK or DID SOMETHING TAKE PLACE even back in NOV??????????
Remember WMIH is in a very interesting position right now, they are already in trouble with the NASDAQ for being under a $1 so whats another slap on the wrist for say, NOT REPORTING(8K) A MATERIAL EVENT??????
Johnny, such DD and poetry leaves me speechless(smiling)!
Change of Control
Definition
A process undergone by a company when control is shifting from one party to another party. Change of control occurs when a company changes control for any reason, including new leadership or an acquisition of the company. When a company changes control, an investor must evaluate how this could change the value of the company.
Read more: http://www.investorwords.com/6755/change_of_control.html#ixzz538abwnZZ
CIC Regards
B
Change In Control eom
Yes ahh the old #2. They do give a Chit cause they know what, When and Why its gonna happen ,,,,,,,If this is the case and #2 is in play I could easily see that! So go ahead open the door to our closet take a wiz and slap the Mushrooms!
Slap a Mushroom
Regards,
B
last question
my Schwab acco is showing
WA FUNDUNG TR lll ( escrow )
I do not have any 'new' Wamu shares. Meaning recent.
Am I good ??
Johnny: sorry — what is “CIC”?
Dion
Johnny
Since we are already deficient in standing with the NASDQ, what's another infraction at this time gonna hurt?
AND IN ALL FAIRNESS The deficiency or FINANCIAL STATUS """D""" that showed up on schawb did by KOWINKIDINK, show up just about 3 weeks ago.
Maybe they just told the SEC we have other information but we are not willing to put it out at this time so slap us again...........
I would tend to agree with Matchew we feel close.......This whole saga was written many years ago with a few chapters amended however what we get as escrow holders has LONG LONG BEEN DECIDED!
Wow is it me or is the Volume really Light? Well I see only three scenarios 1. If the CIC was signed and the event occurred IF there is a leak on the CIC we will know fairly soon. If something big is going to happen It is my belief this price volume will explode like we have not seen before .
2. IF we had the CIC and it happened they may have an air seal on, if so, then we will not know a dam thing until we see a quiet announcement and Escrow ACCTs will be paid. Mushrooms to the end.
3. We are all off our rockers and all the hedge funds and KKR are just lost and we happened to ended up in the same place by chance LMAO!
Feeling Funky, Oatmeal is lumpy... for F sake I am a WAMU JUNKIE! I want my Wheat (wamu TM) , My Treat, just let the Fning news hit the street..
Hot Oatmeal Lumpy Regards,
B
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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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