Why should we, Ray?
https://trustinvestorreporting.usbank.com/TIR/public/dealList/search/41

I guess he wrote "a delegation". And why shouldn't we send some guys to shake hands with the Royal Dude? We won't experience anything similar to WAMU again in our lifetime. I would even shake hands with Brian Hosen when fair and reasonable finally arrives.

People who held on to the shares are at least not unlucky.

Many sold, most recovered the Wamu losses and left, probably.

The business is growing extraordinary, Mr. Cooper is no ordinary stock, if you are honest. It is a bizarr stock. Probably JustNormal is just saying this, "hold on to the stock".

People who know me, could remember a similar reasoning. "By now, better hold on to this bizarr stock." So far, at least by now, it is not expensive. But make your own Investment decissions.

The (sold) shares come from the biggest holders, as you can check on your own at the Nasdaq website.

Worst case scenario is, they use company money to transer it to major holders, best case scenario is, WAMUs legacy doubles or tripples the size from Mr. Coopers Business.

As said, anybody needs to make his own investment decissions.

Mods removed the post "offtopic", at least it is interesting to see that Aurora Bank, aka Lehman Brothers Bank, sold it's servicing rights to Nationstar and New York Community Bank, from where they finally end up also at "Nationstar" through the "Flagstar-Mr.Cooper" deal...

This is a long distance run with remarkable coincidences.

Aurora Bank, then Lehmann Brothers Bank, then Aurora Bank again, ended up in parts at, you guess it... :)


After the 2008 failure of its parent company the bank continued to operate, but its capital position deteriorated rapidly due to deposit withdrawals. The Office of Thrift Supervision imposed special restrictions on its business and the Lehman bankruptcy estate invested hundreds of millions of dollars to prevent its failure.[4][5] It changed its name to Aurora Bank and, in 2012, exited the banking business by selling most assets and insured deposits to New York Community Bank and most loan servicing interests to Nationstar Mortgage and Selene Finance

https://en.m.wikipedia.org/wiki/Aurora_Bank

And I thought, I could post first time first, Justice :)

That's big.

HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ: COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
https://finance.yahoo.com/news/flagstar-bank-n-announces-sale-110000398.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZWNvc2lhLm9yZy8&guce_referrer_sig=AQAAAEdpBIZDbMypBGdjT9wMaWqROhkltn_RMkLXeXFN18bqGUSaLxUjMHGHahDpuWk-sWItZyYUIl7anXrh6yETFQtB65AaidzPd1ti7a3twA8gD0ZfNy5QenAPCTX2w2Jtb_fAnywwxvSSDBQRkheXtm-j9ywulZ2oVK9eH_EIfBMp

Okay, that really looks promising. Something happened to the Database or to the Cayman prefs.

Thanks for the link.
https://markets.businessinsider.com/bonds/7_250-washington-mutual-preferred-funding-cayman-i-bond-usg9463gaa60

They obviously did not mess around with the price. Looks like confident buying. Hopefully, we finally see the full picture in the near future.

I hope still enough Wamu Pros alive to party hard after a 14 years long treatment of Chinese Watertorture.

But I am not sure if they will let me pass the border :)

Hello guys, just wanted to raise my helmet on a stick from dug-out position 8242, eroded shirt colors, but still fully operational. I want to get Jamies axx served on a sliver plate with full face value plus 16 years of missing interest payments.

Solar Eclipse on April 8th would fit to depositions and an obscure merger...

Good observation Bob. In 2014, they let it run. From then on, the stock price has been Chinese Water Torture.

I have a feeling, you will face a sobering december...

We are riding the coattails of the most sketchy trading houses in the US. Yesterday was a Rosen style flash crash.

WMIH/Coop is not for everyone. Just ridiculous.

hey Lodas...:) Doesn`t that mean, the final chapter hasn`t been written yet? If the servicers Bob mentioned got the servicing rights, somebody should own them and collect the interest, right or wrong?

Simple answer: when we got the answer, where the non debtor asset values (retained assets) ended up.

Hope your right man, still no answer.

Edgar was friendly 10 years ago, so likely there will be a response, I guess. But of course, I share your doubt, it will be a useful answer.

Let`s see, what they have for us. I guess more than 10 years of waiting is enough.


Dear Mr. Sargent, dear Mr. Folse,

please pardon my bluntness. I wrote an email to you Mr. Sargent in May 2012, more than 10 years ago. I wondered about the position of William C. Kosturos as the Liquidating Trustee of the WMI Liquidating Trust. You answered me, Mr. Kosturos fit best for the position, because he has the most knowledge of the company assets. As a holder of substancial P and K equity positions, I am one of many former shareholders who finally want to know where the assets of the non debtor subsidiaries, also known as the "retained assets", of WMI ended up.

Sadly Mr. Susman deceased in 2020. Years ago, he let some shareholders know, the case "isn`t ripe yet". You Mr. Folse labeled the Plan 7 "more than fair and reasonable" in court. Probably you did not forget what you fought for in months-long negotiations with the hedge fonds regarding "Plan 7".

Where are the non debtor assets now and who controls them after the Liquidating Trust has finshed it`s work?

I would like to share your answers on IHUB / Board because there are still hundreds of former shareholders who desperatly wait for the answer of my question. Thank you and kind regards


Quote:
"We also have in there part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets Now, it's my position, Your Honor, that the examiner doesn't need to do much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets."

Page 71 of 133:
WashingtonMutual/Transcripts/2010 July 20/08

We need to be groomed also. Simple question: Could somebody ask Edgar where the Non-Debtor-Subsidiaries assets end up?

Edgar lead the months-long behind door negotiations with the hedge funds, resulting in Por 7. He probably did not forget where the non debtor spoils would end up in the end of the day. In addition to, he should remember about "more than fair and reasonable".

I wrote him an email 10 years ago and probably, it would not disrespectful, if we ask the same question again. Where is the money? (from the non debtor subsidiaries)
https://www.susmangodfrey.com/attorneys/edgar-g-sargent/

You guys are short of shares. End of story.

"Wamugold and friends". Actually several people share multiple Accounts. A 86 years old Option trader wasting the very last time of his life in a message board... :) For sure :)

Just some insolent arrogance of subsection traders pretending to be smarter than us. The reality is, they failed. At least with us.

Hi John, sounds nice. Any links? Thanks.

Possible involved parties:

Category

Judicial Publications
Collection

United States Courts Opinions
SuDoc Class Number

JU 4.15
Court Type

District
Court Name

United States District Court District of Columbia
Circuit

DC
Office Location

Washington, DC
Case Type

civil
Nature of Suit

Banks and Banking
Cause

12:1461 Homeowners Loan Act
Party Names

FEDERAL DEPOSIT INSURANCE CORPORATION, Counter Claimant
JPMORGAN CHASE BANK, N.A., Counter Claimant
FEDERAL DEPOSIT INSURANCE CORPORATION, Counter Defendant
JP MORGAN CHASE&CO., Counter Defendant
JPMORGAN CHASE BANK, N.A., Counter Defendant
WASHINGTON MUTUAL, INC., Counter Defendant
WMI INVESTMENT CORP., Counter Defendant
JPMORGAN CHASE BANK, N.A., Cross Claimant
WASHINGTON MUTUAL, INC., Cross Defendant
WMI INVESTMENT CORP., Cross Defendant
FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant
BANK BONDHOLDERS, Intervenor Defendant
JPMORGAN CHASE BANK, N.A., Intervenor Defendant
JAMES BERG, Movant
LOUIS DIEZ, Movant
OFFICIAL COMMITTEE OF UNSECURED CREDITORS, Movant
ACD 2, Plaintiff
ACD 3, Plaintiff
ACD 4, Plaintiff
AHMANSON DEVELOPMENTS, INC., Plaintiff
AHMANSON GGC LLC, Plaintiff
AHMANSON OBLIGATION COMPANY, Plaintiff
AHMANSON RESIDENTIAL 2, Plaintiff
AHMANSON RESIDENTIAL DEVELOPMENT, Plaintiff
FLOWER STREET CORPORATION, Plaintiff
GREAT WESTERN SERVICES CORPORATION TWO, Plaintiff
H.F. AHMANSON&COMPANY, Plaintiff
H.S. LOAN CORPORATION, Plaintiff
H.S. LOAN PARTNERS LLC, Plaintiff
MARION INSURANCE COMPANY, INC., Plaintiff
PCA ASSET HOLDINGS LLC, Plaintiff
PROVIDIAN SERVICES CORPORATION, Plaintiff
PROVIDIAN SERVICES LLC, Plaintiff
RIVERPOINT ASSOCIATES, Plaintiff
ROBENA FEEDSTOCK LLC, Plaintiff
ROBENA LLC, Plaintiff
SOUNDBAY LEASING LLC, Plaintiff
SUTTER BAY ASSOCIATES LLC, Plaintiff
SUTTER BAY CORPORATION, Plaintiff
WAMU 1031 EXCHANGE, Plaintiff
WASHINGTON MUTUAL FINANCE GROUP, LLC, Plaintiff
WASHINGTON MUTUAL, INC., Plaintiff
WM AIRCRAFT HOLDINGS LLC, Plaintiff
WM CITATION HOLDINGS, LLC, Plaintiff
WM FUNDS DISBURSEMENT, INC., Plaintiff
WM MORTGAGE REINSURANCE COMPANY, INC., Plaintiff
WMGW DELAWARE HOLDINGS LLC, Plaintiff
WMHFA DELAWARE HOLDINGS LLC, Plaintiff
WMI INVESTMENT CORP., Plaintiff
WMI RAINIER LLC, Plaintiff
Opinion Filed Date

October 13, 2009
Docket Text

MEMORANDUM OPINION. Signed by Judge Rosemary M. Collyer on 10/13/09. (lcrmc1)
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https://www.govinfo.gov/app/details/USCOURTS-dcd-1_09-cv-00533/USCOURTS-dcd-1_09-cv-00533-1

As far as I remember, we won this. So, where are the spoils?

Thanks for the dd. This is exiting stuff guys.

NEW securities for a 20 Billion + trust and same council that took care for WAMU Acceptance Corp.

The case could be ripe. Finally.

https://delawarecounselgroup.com/noteworthy-transactionsengagements/

Maybe somebody could ask Edgar if the case is finally "ripe"...
https://www.susmangodfrey.com/attorneys/edgar-g-sargent/

Otherwise I would send him an email, asking what their months long negotiations behind closed doors were about the non debtor subs and their interests. Probably Edgar did not miss this topic out...

My last email to him was more than 10 years ago, so it supposably wasn't impudent to ask him again...

Where did you get the Numbers from outstanding stock from Bob? Thanks.

Total bs.

Boris, please help me out.

This is almost the identical post of "Stockssss" from 23th January 2020:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153453958

What exactly did "sunshine" found out "new" and where is his post?

Thanks!

Maybe somebody is already buying on their behalf? This whole WAMU-Game is so crooked, everything is possible.

okay, for the run, I take it for real, thanks! ; )

It`s okay, I just wanted to dope myself before running.. ; )

please make a screenshot and just upload the position name and position value. Please upload the screenshot at a free image hoster like this


https://ufile.io/

and share... thanks buddy ; )

Vodka, if you start losing your nerves, take a break.

Very good picture. This clumsy hiding game became absurd. Actually, it comes down to Hosen is a laughing stock.

8 years of "nothing to see here guys" became unfunny. We are educated investors. The ASSETS have been there from the beginning. And they our ours.

These guys are downright pityful.

I like it so much. Beat the sheet out of these arkward officers, who jerk us around for almost a decade.

in a few minutes ; ) But we love it! ;)

Welcome to WMIH.

Amen brother! ; )

The super super low PE makes Mr. Cooper a steal. Even at 40 Dollars.