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yo ron??.....living in a bubble has cost you years of waiting for nothing...the GSA, and the chapter 11 has closed 12 years ago....your declarations have no force of law, and have never been ratified by any agency associated with this affair... all issues between dissenting parties were settled with the GSA years ago....your posts mean nothing anymore.... Lodas
With all respect, what would Forrest Gump do at this point?
MUST!
Must demands all back interest associated with the final payment for WMB and it’s assets valuation.
The back interest has nothing to do with the Preferred back interest.
Different topic.
JPM MUST settle
Same for all other WMI assets.
Ron
So...why are you here Brick? No COOP...no escrows....let me guess...to tell me that nothing is coming back. Yup..that's the ticket
Exactly, hence why I rarely post here at all.........that, in addition to also exposing the stupidity the gullible eejits keep lapping up from a certain Arizonian LIAR!!!
It's just that simple
Our value is all in the JPM/FDIC what is it you don’t understand… I love Jamie and Brian
lota "that would suit your narrative" LOL.I agree that i made certain financial mistakes, but i won't give up.I am trying to develop a tech company.But its my money i wasted and it is my time i invested, you see it as waste, i saw it as a life time opportunity in 2008.Receivership is not yet closed and WMI claims in the receivership.
Making friends with me would have been a better choice for you.... since the chapter 11 closed, my original 1 dollar per share given me by signing the release document is now 500,000 dollars in spite of the 1/12 reverse split...I urged you to buy, buy many years ago.. even gave you a platform to trade options... had you stopped rummaging in the dumpster bin all these years you could have made many times over in money for that which you were hoping for... now , you are defeated with 16 years of wasted time, and loss of opportunity if you did not buy coop stock at the lows... remember my signing of my posts with Lodas (fortune favors the bold).?... look up my posts in the early 2013 time frame and beyond,,, I urged this board TO BUY AT THE LOWS, AS DID AZ COWBOy with his "Coop is the tell" advice!!!!.... but what did you do?... you went off dumpster diving for information that would suit your narrative, and called everyone liars, and names that did not agree with you....so here you are after 16 years , reduced to calling people liars for your failed adventure!!!!...YOU ARE NOT A SHAREHOLDER ANYMORE IN A DEFUNCT COMPANY WHOSE SHARES WERE CANCELLED, EXTINGUISHED, AND ALL RIGHTS TO DIVIDENDS UNDER THE PREVIOUS PROSPECTUS ARE 'NULL AND VOID... you deserved nothing, because thats what you brought to this board.... NOTHING!!!....
lota is guru of manipulation and full of lies as he/she pleases katekir.
AI finds it unusual appointing two administrators after the claims were satisfied.
Why would any debtor appoints two insider executives to administer a liquidating trust after all claims are satisfied?
Based on the information provided in the search results and the context of your question, there are a few important points to consider regarding the administration of a liquidating trust:
Purpose of a Liquidating Trust:
A liquidating trust is typically formed to liquidate assets and distribute proceeds to beneficiaries, not to continue business operations.
Its primary objective is to wind down affairs and distribute assets efficiently.
Appointment of Trustees:
The search results don't specifically mention appointing insider executives as trustees after all claims are satisfied.
Typically, trustees are appointed based on their ability to effectively manage the liquidation process.
Reasons for Appointing Insiders:
While it's unusual to appoint insider executives after all claims are satisfied, potential reasons could include:
Familiarity with the company's assets and operations, which could expedite the liquidation process.
Existing relationships with potential buyers or knowledge of market conditions for specific assets.
Continuity in handling any remaining legal or administrative matters.
Potential Concerns:
Appointing insiders could raise concerns about conflicts of interest or preferential treatment.
It might be seen as unnecessary if all claims have been satisfied and only distribution remains.
Regulatory Considerations:
The trust agreement and any appointments would typically need to comply with bankruptcy court approvals and IRS regulations for liquidating trusts.
Unusual Circumstance:
If all claims are truly satisfied, the need for a complex trust structure or insider administrators would be questionable.
At this stage, a simpler distribution mechanism might be more appropriate.
In conclusion, while there's no inherent prohibition against appointing insider executives, doing so after all claims are satisfied would be unusual and potentially raise questions about the necessity and appropriateness of such appointments. The specific circumstances and legal requirements would need to be carefully considered in such a scenario.
Only if you own Chase stock….great research
This offering has nothing to do with us.
“You have to be an owner of this JPM's Preferred Stock in order to be eligible to receive a dividend. “
Think you see the light Black lol
You have to be an owner of this JPM's Preferred Stock in order to be eligible to receive a dividend.
Thank You my friend !!!!!!!!!!!!! let the button be pushed
@ KeyKey....thank you for your support... I have been civil to this man in question, but he continually disrespects me with foul names unbecoming someone who is supposed to be civilized... my posts are not manipulative, and all statements are from official documents, albeit, this is what he does not want to read, or accept...he refuses to engage in any meaningful discussions about the SEC documents in spite of all my reaching out to him... I even gave him some tips to sell put and call options to bring in money while he was promoting his agenda of added recovery...his latest rant was that the original stock was reversed split 12/1!!!!...why should it matter? my account is well over 1/2 million in the years since the stock was R.S.. I bought AZ Cowboys "Coop is the tell mantra" at all the lows , bought and sold put and call options on my holdings... I thank Nate Toma for his declaration to the judge that insider trading was being conducted... if it was not for Toma, we would HAVE GOT NOTHING TO REVERSE SPLIT!!!!!!!!!....so again, thank you, and take care.... Lodas
Held in arrears
“a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024”
Next possible payment diamond would be December 1st unless the board decides to pay in a “significant event”/equity event. Imo
beginning on June 1, 2024 ???????????
9/23/24 ???????????????????
WHEN ??????????
Those who have yet to be paid, will remain yet to be paid imo.
JHD
Are we there yet
Quote: “Yes, you are right, he is a first class liar and cheat, as you have seen and we have all recorded. “
Please tell everyone if you have one share of escrows or coop….this really sad…..
lota ? Who is lota ?
Why do you have so much fun to call people by another name ??
This is what I can't and won't understand.
if you really want to be taken seriously, then have respect for others and be polite.
Or what is the problem ? Also when you are annoyed by whatever it is, it doesn't make the situation better when you use some other name. Do you really think that a business-man with much knowledge would act the same way ??
Sorry - Sorry - Sorry ... but this a No-Go! And nobody has a benefit out of it.
Not sure if you understand what I mean.
But the way as somebody argues and writes here makes him believeable or not.
Keep being objective and don't insult someone with other opinions. Thanks
Held in arrears split
“r a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024”
So where's my June Interest payment?
"We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024. From the original issue date to, but excluding, June 1, 2029, we will pay dividends when, as, and if declared by our board or such committee at a rate of 6.875% per annum, beginning on June 1, 2024"
Hello NEWFLOW,
It's about Escerow and the old WMI lawyers.
You must be the man with the most time, I have read some of your messages to your special friend.
Yes, you are right, he is a first class liar and cheat, as you have seen and we have all recorded.
But why would you ask a liar and a cheat to give you an answer when you already know that he cannot give you an answer? He has his own agenda to complete, he and his 5 followers, up, tic and 3 others.
I was happy to read your information, but I asked myself: why are you wasting your precious time with this swindler and liar?
He's not sulking, for heaven's sake, but I've just expressed a thought of mine out loud.
I also think the mole has more than one nickname.
XXXX
Nothing to with Escrows.
To imply otherwise is nothing but b/s.
If this is not one of the targets I am truly done even if they continue to be be kicked ‘down the road..
JPMORGAN CHASE & CO.
JPMorgan Chase & Co., which we refer to as “JPMorgan Chase,” “we” or “us,” is a leading global financial services firm and one of the largest banking institutions in the United States, with operations worldwide. JPMorgan Chase had $2.4 trillion in assets and $211.2 billion in total stockholders’ equity as of December 31, 2013. JPMorgan Chase is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. Under the J.P. Morgan and Chase brands, JPMorgan Chase serves millions of customers in the U.S. and many of the world’s most prominent corporate, institutional and government clients.
https://www.sec.gov/Archives/edgar/data/19617/000119312514021699/d554192d424b2.htm?fbclid=IwY2xjawFdf6BleHRuA2FlbQIxMAABHV0oHoFROAoJ-s1GAJmW3l7T2rUKyYRYn_jvLcDQzl193ALnbTL7SEIg8g_aem_FRu0SyMteO6BOV6ypv6owQ
Perhaps Kirsten converted to the Church of Naysayers and was baptized by Naysayerology. The necessary prerequisite for this was, of course, to abjure the "devil" Killinger. She should not be blamed for this; after all, the lie has become the mainstream religion in almost all areas and every heretic has to fear the inquisition. In other countries, the new "truth" is even more powerful☝️
Remember what happened to Jesus when he burst his collar and became an advocate for the oppressed. Even then, a few sentences were enough to seal a person's fate. With JFK, for example, it was enough when he started talking about a big conspiracy ...
If this is not one of the targets I am truly done even if they continue to be be kicked down the road..
🚀🚀🚀LATEST $COOP price targets==>UBS:$118, Wedbush:$115, KBW:$105, Piper Sandler:$103, Barclays:$101, Compass Point:$97, DEUTSCHE BANK:$90
See: https://www.marketscreener.com/quote/stock/MR-COOPER-GROUP-INC-46600303/consensus/
Newflow, @2:29 Kirsten stated something very Important and Key to this whole Ordeal. “Back in 2001, the CEO, decided that WAMU was going to be the Biggest Mortgage Home Lender.” Fast forward, what is Mr Cooper Group Today? PLANANCIAL CRISIS!
imo, I liked her better, when she was reporting on the 'shenanigans going on', and then suddenly WAMU was the bad guy??
AI IS ON OUR SIDE, THE FORMER EQUITY.
why would any debtor appoints two insider executives to administer a liquidating trust after all claims are satisfied?
Based on the information provided in the search results and the context of your question, there are a few important points to consider regarding the administration of a liquidating trust:
Purpose of a Liquidating Trust:
A liquidating trust is typically formed to liquidate assets and distribute proceeds to beneficiaries, not to continue business operations.
Its primary objective is to wind down affairs and distribute assets efficiently.
Appointment of Trustees:
The search results don't specifically mention appointing insider executives as trustees after all claims are satisfied.
Typically, trustees are appointed based on their ability to effectively manage the liquidation process.
Reasons for Appointing Insiders:
While it's unusual to appoint insider executives after all claims are satisfied, potential reasons could include:
Familiarity with the company's assets and operations, which could expedite the liquidation process.
Existing relationships with potential buyers or knowledge of market conditions for specific assets.
Continuity in handling any remaining legal or administrative matters.
Potential Concerns:
Appointing insiders could raise concerns about conflicts of interest or preferential treatment.
It might be seen as unnecessary if all claims have been satisfied and only distribution remains.
Regulatory Considerations:
The trust agreement and any appointments would typically need to comply with bankruptcy court approvals and IRS regulations for liquidating trusts.
Unusual Circumstance:
If all claims are truly satisfied, the need for a complex trust structure or insider administrators would be questionable.
At this stage, a simpler distribution mechanism might be more appropriate.
In conclusion, while there's no inherent prohibition against appointing insider executives, doing so after all claims are satisfied would be unusual and potentially raise questions about the necessity and appropriateness of such appointments. The specific circumstances and legal requirements would need to be carefully considered in such a scenario.
lota you said you were limited to only 3 posts per day and i think its 4th sofar or 5th.You claimed that you are from WA state.How were you able to post the 4th?.
since you did not specify what part of my post was manipulative, I can only guess it was the part about the 20.7 billion dollars removed from the 2012 Feb MOR, and the granting of 5.87 billion dollars in NOLS by the IRS in the GSA agreement... to my recollection, the source of these NOLS WERE NEVER DISCUSSED ON THIS MESSAGE BOARD!!!!... so , the following is a multiple choice quiz on the origin of these NOLS........
(1) The IRS always gives NOLS to bankrupt companies......yes..... no
(2) The IRS felt sorry for WMI for taking such a huge 20.7 billion dollar Shareholders Retained earnings loss, and granted the NOLS out of sympathy...... yes..... no
(3)..The IRS made a mistake in granting these NOLS, after review of the GSA but since they already agreed to the allowance, they could not back out..........yes.......no
(4) the FDIC-R forced the IRS to allow the NOLS in exchange for abandonment of WAMU stock
which WMI owned...........yes... no?
(5) The 5.87 billion dollars in NOL allowance represented the PRESENT DISCOUNTED VALUE OF 20.7 BILLION DOLLARS IN FUTURE WRITE OFF OF WAMU STOCK LOSS... yes..... no... ?....
manipulator it went thru 12 to 1 reverse split and on that basis coop is at $7.60. you did somehow skipped to answer 4 questions i posed you yesterday.
The GSA has been completed, the chapter 11 was ratified, and signed by the judge 12 years ago, the WMIL-T distributed about 7 billion dollars to valid Creditors who held claims, and Equity, and preferred shareholders were included in the chapter 11 reorganization by given new stock in WMIH in return for their former values held in WAMU, and release of the Retained Earnings in return for NOLS....The WMIL-T has been disbanded, Kosturos, and all the administrators have left, and the balance of the funds left over were given to charity as a condition for the Grantors Trust to be implemented by IRS rules... the new company, trading under the symbol coop has moved on from 1 dollar per share as the assigned value from the liquidation of 7 sub trusts of WMMRC, and WMIIC to reach a high of 96 dollars, now about 92 dollars as of fridays close in the market.... In all this time, WMIH has never made any attempt to recover former assets , that some say, were illegally taken from them...also, Safe Harbor, or off balance sheet assets were never found by exhaustive searches by many members on this message board, as well as those in search of these assets... my point of this post... ? its over 12 years ago, and nothing is coming back in recovery, in spite of all those claiming more recovery.... Lodas
This is an existential matter
SS; “It’s A Matter of Rule of Law”.
JPM/FDIC lost the Dual Track in DC Court for “WMB and it’s assets “.
JPM must pay for WMB and it’s assets.
LIBOR is closure for the Derivative Market contracts to cover the ABS losses. More Rule of Law regarding Contract Law.
Contract Law must be satisfied.
Must is a more exact term, but doesn’t say when.
‘Soon’ doesn’t say when either.
‘Soon’ is just a way to say that they don’t know either, but want the resolution like we all do.
As I said; JPM/FDIC MUST settle.
Must;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175033793
Ron
Remember IMO this is our money in at least p,s The rest should go to u’s from thr FDIC. Do not despair, we are getting to the end. The lawyers are heading for the hills.
We are offering 2,500,000 depositary shares, each representing a one-tenth interest in a share of our perpetual 6.875% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series NN, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.
We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024. From the original issue date to, but excluding, June 1, 2029, we will pay dividends when, as, and if declared by our board or such committee at a rate of 6.875% per annum, beginning on June 1, 2024. From and including June 1, 2029, for each reset period (as described in this prospectus supplement), we will pay dividends when, as, and if declared by our board or such committee at a rate equal to a five-year treasury rate (as described in this prospectus supplement) as of the most recent reset dividend determination date (as described in this prospectus supplement) plus a spread of 2.737% per annum, beginning on September 1, 2029. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after June 1, 2029, in whole at any time or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock after a capital treatment event (as described in this prospectus supplement), subject to regulatory approval. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.
https://www.sec.gov/.../00011931252406.../d745782dfwp.htm.
August 22 ·
PG. 30
(h) Release of JPMC Escrow Account, Washington Mutual Escrow Account and FDIC Escrow Account. (i) JPMC, WMI and the FDIC Receiver shall jointly direct the custodian of the JPMC Escrow Account, the Washington Mutual Escrow Account and the FDIC Escrow Account to release all or a portion of the JPMC Escrow Account, the Washington Mutual Escrow Account and the FDIC Escrow Account as the case may be, to JPMC, WMI and the FDIC Receiver, respectively, as soon as is practicable after the earlier to occur of: (A) the date on which all Pre-2009 Group Tax Liabilities are finally determined and paid and the final amount of Net Tax Refunds Received has been determined and is not subject to change; and (B) the date on which JPMC (with respect to the Washington Mutual Escrow Account), WMI (with respect to the JPMC Escrow Account), or JPMC and WMI jointly (with respect to the FDIC Escrow Account), consents, in writing, to permit the release of all or such agreed portion of the JPMC Escrow Account, the Washington Mutual Escrow Account or the FDIC Escrow Account, as applicable (such consent, in each case, not to be unreasonably withheld or delayed); provided, however, that there shall be released from each escrow account at least quarterly (on or prior to each March 1, June 1, September 1 and December 1) fifty percent (50%) of all amounts earned by such escrow account with respect to assets held therein.
Fdic.govwww.fdic.gov/system/files/2024-07/wamu-global-settlement-agreement.pdf
Second Amended and Restated Settlement Agreement - FDIC📷
settlement does not deplete the assets or increase the liabilities associated with the WaMu ... International Service Association, VISA, Inc., and the ...
Well I mean on all other bases in my life but this I am doing really good cuz my kids are good yeah my health is good the weather is good etc etc
Sup Biz!
jesty
lota if you think the chapter 11 cases were closed in 2012, why did WMILT submitted this to court in 2019?
APPLICATION OF WMI LIQUIDATING TRUST FOR AN ORDER,
PURSUANT TO SECTION 350 OF THE BANKRUPTCY CODE
BANKRUPTCY RULE 3022 AND LOCAL RULE 3022-1, AUTHORIZING,
AMONG OTHER THINGS, (A) CLOSING THE CHAPTER 11 CASES OF
WASHINGTON MUTUAL, INC, AND WMI INVESTMENT CORP. AND (B)
AUTHORIZING THE WIND-UP AND DISSOLUTION OF THE LIQUIDATING TRUST
https://veritaglobal.net/documents/8817600/8817600191119000000000001.pdf
WHY ARE YOU MANIPULATING THE FACTS?
The Same for Lehman’s in a Different Court.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175117472
It’s all connected due to the ABS Derivative Market contracts.
F&F too.
Ron
I think for Lotas, it will be -2 (negative 2)
lota how honest are you on a scale of 1 to 5, 1 being the least and 5 being the most?.Why do you write some bs all the time?.Are you getting paid for your writings?.Are you having a grudge against old equity?.
One down, two to go! Toothpick your up!
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Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
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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