Agreed. My Schwab account shows the escrows until Feb 11, 2022, when there is an indication that the position was sold/closed. My TDA accounts were transferred to Schwab earlier this year, and I can no longer access those statements. I will have to request them.

Anyone who actually thinks that there is some connection between COOP and when and how much escrows will be paid (if anything) really has not been paying attention. I held over 10,000 Ps (since 2009) and followed the litigation and the escrow documentation with great interest. I know what the documents say, and I can assure everyone there is absolutely no linkage between escrows and anything to do with COOP. That myth was started over 10 years ago by the board cult leader and some are still buying that snake oil.

My mortgage was just transferred from Wells Fargo to Mr. Cooper.

Motley Fool posted a transcription of yesterday's call. https://www.fool.com/earnings/call-transcripts/2022/04/29/mr-cooper-group-inc-coop-q1-2022-earnings-call-tra/

COPPELL, Texas (AP) _ Mr. Cooper Group Inc. (COOP) on Thursday reported first-quarter earnings of $658 million.

The Coppell, Texas-based company said it had net income of $8.59 per share. Earnings, adjusted for non-recurring gains, came to 95 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The reinsurance company posted revenue of $1.05 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $557 million.

Paragraph 4, not footnote 4.

And they give you a link to WMI contact information from 2004.
It was not the company that chose to remove the markers, it was the last instruction of the LT, now closed.

Pssssst: there is no 50/60; that is a complete fairy tale.
Another fairy tale: escrow holders will receive COOP shares.

And who will receive the newly issued shares? How much will they pay? Inquiring minds want to know.

No reason whatsoever to believe that "dilution is coming." None.

That "redistribution" bit concerned a small number of the common shares of COOP, which have already been redistributed, a couple of years ago. No more left.

There is a link above to the escrow calculator that is pretty good at calculating such things.

INFINIT: Someone else will have to answer that. I do not concern myself with mastering the details of theories not backed up by evidence.

However, we still don't know whether the FDIC receivership might generate something that should go to WMI's estate. Although it is highly unlikley (as WMI's estate is last in line), but still theoretically possible.

And there is the business about the bankruptcy remote assets, and whether there is any residual interest that WMI might have had in those. Again highly unlikley, but theoretically possible.

Wrong. First, that is not a possible outcome under federal bankruptcy law unless somehow it is provided for in the plan (and it is not). Second, there is not a shred of evidence supporting that theory.

As for your question: "NOW I will ask you , WHAT?WHO THEN REMAINED IN THE BK COURT SYSTEM."

Simple answer:

Like any Chapter 11 bankruptcy, the court continued to have the responsibility and authority to oversee the adminsitration and distribution of the remaining assets of WMI (those not handed over to WMIH or already distributed to creditors). The court also retained jusrisdiction over WMIH, The Litgation Trust and the Liquidating Trust to ensure they complied with the Plan.

I see some talk about WMI possibly acquiring this or being acquired by that. If I recall correctly, WMI emerged from bankruptcy - on March 9, 2012 - as WMIH. In short, WMIH was the reorganized WMI. On May 11, 2015, WMIH merged with its parent corporation, WMI Holdings Corp., a Washington corporation (“WMIHC”), and WMIH was the surviving corporation. The merger occurred as part of the reincorporation of WMIHC from the State of Washington to the State of Delaware which became effective on May 11, 2015.

WMIH, had two subs: WM Mortgage Reinsurance Company, Inc. (“WMMRC”) and WMI Investment Corp. (“WMIIC”) which had no assets or liabilities. Until the Nationstar merger, WMIH operations were limited to operating WMMRC’s legacy reinsurance business in run off mode.

So please explain to me how in the world WMI can do anything at all. Anything. It no longer exists. If one argues that it does exist: where is its place of incorporation? Its offices? Nowhere. Because upon its emergence from bankruptcy, WMIH was the reorganized WMI.

I am not talking about WMI's estate, which is or was a bundle of assets (not a company). Many of those assets were distributed to creditors under the plan. Others were given to WMIH.

Why not in the Q for the first quarter of this year? Should be out in late April.

I have been asking those same questions for at least a week.
Crickets.
So I have to assume there is no evidence for it. Why some choose to believe it is beyond me.

That is also my suspicion. And exactly why I am asking for evidence, because many here believe it to be true.

What document contains the $50/60 days requirement?

The form should indicate if the sale were made pursuant to a 10b-5 plan.

Edited to add: just checked and his does not. So the sale was timed by him.

I believe you have to determine if the sales were made pursuant to a 10b-5 plan.

https://www.mofo.com/resources/insights/200228-common-questions-rule-10b5.html

Purchases and sales by insiders are not that big of a deal, as long as they are not based on non-public info.

Some 10b-5 plans schedule purchases or sales to automatically occur right after the filing of a regular report like a 10-K or 10-q.

Seems like we might be seeing some mini bear raids to pick up shares at trailing stops.

Thanks NovaScotia,

That is pretty much what I recall.

Well, the SEC says different:

https://www.accountingtools.com/articles/subsequent-events-definition-and-usage.html

TOPIC 13 - Effects of Subsequent Events on Financial Statements Required in Filings https://www.sec.gov/corpfin/cf-manual/topic-13

But don't let inconvenient facts get in the way.

"Everyone is entitled to his own opinion, but not his own facts." – Daniel Patrick Moynihan

"Facts are stubborn things." - John Adams

Partially. Some events that occurred after the end of the reporting period but before the filing date have to be disclosed in the filing.

Search: "subsequent events" and "SEC"

Whatever the number, you also have to specify what the liabilities number was.

You mention $350 billion without once noting that that figure was the total value of the assets. The vast majority of those assets were bank deposits of clients, who had the right to get them back.

It is simply misleading to state the value of a company by only providing the aggregate value of its assets while ignoring its liabilities.

No.

I really don't understand what you are asking.

No one broke the bankruptcy law. A few (who don't understand the law) say that, but it is simply not true.

What wells assets?

Mwd44, No. Legally, I am absoutely correct. When WMIH emerged from bankrutcy, WMI was gone. However the estate of WMI was still subject to the bankruptcy process, and WMIH was still under the supervsion of the bankruptcy court to ensure it complied with the plan.

I wasn't an H holder, so I have nothing to add. I only posted what I saw on the smart board.

WMI went into Chapter 11 and then emerged as WMIH. They are most certainly not two separate entities.

The only way one might conceive of them as two separate entities is to think of WMIH as the successor of WMI, the existence of which was terminated when WMIH emerged.

But they cannot possibly exist at the same time as two separate entities. The birth of the new one requires the simultaneous death of the old one.

I hesitated to post this, because I do not want to raise unfounded expecations. But I just read a post on the smart board that states that the H cusips disappeared and then the WAHUQ holders got paid via checks in the mail. Poster said that brokers were similarly clueless as to why the cusips disappeared.

If I get paid something, great. But I am not watching my mailbox.

Seems to me like someone may have to hire a very experienced forensic accountant to determine what happened to those trust assets. It also seems to me that the hedgies would have a very keen interest in doing just that if there is that kind of money out there.

We will just have to wait and see if that is how it plays out. I will be ecstatic if it does, but I have strong doubts.

My broker says "removed," another says "other." And yet another says "sold" (for a penny). Look, the brokers have to record something as the reason for the removal. Some may have said "merger" but that does not mean there was one.

When a public company (like COOP) merges, there are all sorts of SEC filings and press releases and required shareholder votes. None of that occurred. So the simple fact that your broker decided to use the term "merger" to explain the removal does not mean there was a merger. OK?

Please take notes so I don't have to explain this again. Oh, and there will be a quiz on Tuesday.

A merger of COOP and WMI? That would be a neat trick. Where is this WMI? Oh, that's right. It filed for Chapter 11 and emerged as WMIH, which then merged with Nationstar to become COOP. So COOP would be merging with itself?

If WMI is still around, where is its headquarters? What business is it in?

No. When COOP looks in the mirror WMI is staring back.

Exactly, StillHoping. Exactly.

All unalloyed BS. Show me the language in the Plan or in any trust indenture applicable to bankruptcy remote assets.

Actually, that "sold for a penny" thing was related to Ally. And Ally later clarified by saying the same thing I said in the post you are responding to.