Democracy starts with you, tag your it! ...Thom Hartman
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Yo AZ! Super stoked you are here. I bought into 3 of the 4. The MQ were not available at this time. And the KQ took a little time. Id think that WGM would've used the same strategy outline amongst these once banking giants. Considering where they made their money and where it could be protected and isolated from creditors, it seems like a slam dunk eventually.
Time heals, and securitized residuals accumulate, while the old liquidity issues abate through the baptism of bankruptcy.
Thanks for that overview. Appreciated!
PS, I do like the maturity date of 2052, 2054. So if not bought out, that'd be a nice little retirement if I live that long! "Subject to XTRO redemption". Any idea what XTRO stands for?
HA you are correct! Your LEH and my WMI - since 2009 and counting, lol
In my subconscious, I keep linking these 2 bk the same. I am new here, but I know exactly how you all feel I think.
GLTE
Yeah, no kidding! pretty funny to watch the zombies come out of the dark
Thank you sir! Thanks for the welcome
Haha, thanks Doc. Due to the timing and players, I am thinking the same strategy was used to hide residuals. I bought a bunch, so I’m in for the long haul. Nice to see some familiar faces here
umm, lol, nope
Haha, seriously.. if people dont stay focused on actual facts, that can be verified through regulatory authorities, it is easy for others to post endless misleading opinions.
My favorite was rotmeat quoting nobody linkable to prove an opinion counter to regulatory authority, which is and has been linkable multiple times. Reminds me of the time, Catz trotted out an anonymous ID who never posted, and then magically was an executive ABS securitizer who couldn't be verified, to say everything went to JPM. Yah, ok we not thaaaat stupid...
I'm surprised it took 2 days to actually get the group response. Must've needed another stratosphere of strategic authority to craft the rebuttal.
They have to stick to irrelevant data, otherwise they got no game
Thanks so much. That was a great explanation. I only have one other BK experience, and in that one, when they emerged from bankruptcy, the Q was dropped - despite it taking another few years to be eventually be closed by the court.
It was curious, the difference between the two.
What you posted is showing Mr Cooper as registrant ! just like AZ has always said. dba Mr Cooper is the registrant. Thanks for proving my and AZ’s point.
I just posted the DTCC name change rule that if WMIH CORP not a legally distinct enttity from Mr Cooper, DTCC requires that the file name be changed from WMIH Corp to Mr Cooper.... AND. ITS NOT! It’s still WMIH CORP after years of filings since Mr Cooper started trading
I’ll take the DTCC at their word over yours any day
WHY do these still trade as Qs, when the bankruptcy ended many years ago? Just curious.
Does it have to do with the liquidation preference on the managing trusts that collateralize these securities?
Ie, are the collateral assets still in liquidation per prospectus liquidation preference, and therefore still in safe harbored isolation until complete? as indicated by the Q?
Or?
Curious what you think.
Hogwash! Read the DTCC link provided once again. https://www.gmeiutility.org/actions/RecordDetails/viewRecordDetails/355551373075292745#
WMIH CORP "status" is "ACTIVE"
How does the DTCC define an "ACTIVE" status? to quote DTCC (from the link above) when you click the "?" at "Entity Information" for WMIH CORP.
"Entity Status:
Entity Status indicates whether the entity itself is active or inactive.
ACTIVE is assigned to an entity that has independent legal status. Active entities include solvent companies in normal operation, as well as those entities which are in administration, in receivership, or bankrupt, but which still have legal status.
INACTIVE is assigned for entities that no longer have independent legal status as a result of dissolution."
The latest filing by WMIH CORP was JULY 21, 2020. This was not filed by renamed Mr Cooper. It is WMIH CORP's filing.
Your made up quote regarding name change rules is inaccurate per the DTCC also. https://www.gmeiutility.org/frequentlyAskedQuestions.jsp
"HOW SHOULD I INDICATE A LEGAL NAME CHANGE ?"
" * An additional LEI should not be generated. Instead, the existing LEI should be updated to reflect the new legal name using the Renew or Challenge function."
Did you catch that? ....the existing LEI should be updated to reflect the NEW LEGAL NAME... and what name did they renew the existing LEI as...WMIH CORP !!
Not Mr Cooper. If WMIH CORP's LEI became MR COOPER's, than per governing authority DTCC, the existing LEI number has to say MR COOPER....but it doesnt ! They've had years to update the name status to MR COOPER if that was true, but its not. Many filings since the name change haven't changed the name with the DTCC per regulation.
WMIH CORP. LEGAL ENTITY. LEGAL NAME. ACTIVE. FULLY CORROBORATED. Linked and verified per the DTCC
Ka-BOOM
It was I. Long time WAMU poster. I'm sure bankruptcy remote residual interests reside here as well. Thought I'd finally put some money where my mouth is, in a few places.
You know they never will check with the ultimate authority of the DTCC,lol. Next they will trot out an ostrich as another authority that WHIH CORP isn’t a separate legal entity as defined by the DTCC.
So painfully obvious the group effort to mislead. They really don’t have an answer, other than make believe.
Wow, all these shiny new posters and some dinosaurs as well. All of them trying to find counter evidence that WMIH CORP does not exist by linking every third party source, EXCEPT the actually DTCC link I posted.
The fact you ignore the ONE THING coming from the top at the DTCC, shows your bias. LMFAO.
Maybe you should all email Mike Willingham and ask him? Or Rosen, or the WMILT? LMFAO
no it says name changed, not Coop is parent. MR COOPER is registrant dba name for WMIH CORP.
This is verified with DTCC. Nice twist
Doesn't matter what Diamond Hills thinks something might be. Why dont you check with the DTCC like I did?
What's silly is your use of third party information as more legit than the actual regulatory source, rather than just going to the headwaters at DTCC GMEI Utility...or even at the GLOBAL LEI website https://search.gleif.org/#/record/549300KD8C6DPXYC2M26
Mr Cooper is just the name changed SEC registrant for WMIH CORP, parent corp. .... a la dba Mr Cooper. doing business as...
"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."
Nationstar is still an ACTIVE DTCC LEI financial entity coded
as is
WMIH CORP is still an ACTIVE DTCC LEI financial entity coded
I just saw Nationstar also has an ACTIVE LEI number STATUS and ISIN codes. Interestingly, although ACTIVE, activity is locked at the moment as Action is Pending !?!
" Actions Restricted
The record is currently pending operational review, and cannot be renewed or challenged at this time."
wow. jeez
Raj, Why get info from 3rd party, end of the leash, last to know type of places?
Why not go to the source at DTCC GMEI utility - who is the creator and issuer of the information https://www.gmeiutility.org/actions/RecordDetails/viewRecordDetails/355551373075292745
sharks who'd love for you to give up and write off your escrow tracking cusips. It can be done procedurally through the DTCC if one were to give them up.
The more who give up, the less to share.
Raju, ; ) Don't read press releases which have no legal standing or accountability.
Rather, read COOPS SEC and merger filings AND the DTCC GMEI Utility filings for WMIH CORP, who's status as of today (just checked) is "ACTIVE" and "FULLY CORROBORATED"
Yes Raj, dont trust the DTCC and its sub GMEI Utility who put WMIH CORP as a separate legal financial entity from MR. Cooper Group, as referenced by said DTCC LEI number. [sarcasm]
WMIH CORP, who's STATUS: is "ACTIVE" and "FULLY CORROBORATED"
and MR COOPER who has no financial entity LEI code and reports only to the SEC, and doesn't report to the DTCC GMEI Utility
This is a family of businesses with separate legal distinctions, but only one trades on the stock market as a loan servicer, and the other WMIH CORP,.....has the only financial entity LEI code to deal with structured financial assets. a mutual fund, of mutual funds
The WMIH CORP ISIN cusips listed under its solo private LEI number, distinctly tie the past, present, and future together for those who released.
Sorry you didnt release
HLCE
seriously, I should dig up that ostrich photo I put on BP years ago, LMAO
If you research the chronology of the filings, one filing of many being lapsed, is inconsequential to the STATUS.
This proves true over multiple unrelated entities.
READ IT! STATUS = ACTIVE FULLY CORROBORATED, despite having a lapse of one single filing. Its apparently not a big deal as thousands of other companies lapse one filing as well.
If you dont like one website, try other legit ones with DTCC info streams
I cant make it more simple than that. Maybe you shouldn't be trading complex financials
They're are not going to lie to you, they can only speak of what they are, and own. The WMILT can't speak for the FDIC can it? No business is gonna get sued for slander, or misrepresentation by speaking about stuff that aint their responsibility. And I believe this whole shebang was setup to take advantage of this, to play 'hide the sausage' for over 10 years and counting.
People who tell me to knock on doors that I know lead to nowhere, are doing a disservice to this message board; intentionally or ?
Why knock on doors that lead to no where, unless that is your intention...to lead people to no where. Its dishonest
ITs telling. I stayed off the MBs for a while (after someone hacked my board post specific email looking for docs (they thought) I had). I left a trap.
The patterns are unmistakable.
Millions of hours spent on Message board Myth & Lore, escrow calculators, recommendation to switch en masse last second to DIMES, H's...I could go on for hours.
I know who'd I'd be class actioning if I hadn't released.
you didn't read anything i said, which I dont have the time to repeat myself to obvious trolling. If you dont understand the legal inability of one corporation, to speak on behalf of another other legal public or private entities, than you have no business trading, or otherwise.
Direct communication is only as good as the information they share.
COOP can only share COOP. It cant share WMILT, FDIC, JPM, DBank, Bond trustees, nor WMIH private information
FDIC can only share FDIC. FDIC can't share JPM, WMILT, TD, nor WMIH CORP private information
JPM can only share JPM information. JPM can't share WMILT, FDIC or WMIH
MR COOPER has ZERO LEI code.. The WMIH CORP LEI info was updated a couple months ago, which was years past MR COOPER emerging.
Further I've seen the subsidiary tree at the DTCC.
Listed is parent WMIH CORP LEI
Second below, is sub MR COOPER SEC
Why not talk to God directly at the national DTCC GMEI Utility like I did. that's my point.
Why talk to the local pastor at COOP, when you can talk to God who oversees all the chaos. DTCC is the ONLY distillery of information.
COOP can only talk COOP. It cant talk as an authority on WMILT, the EC, legacy bond trustees, WMI, WMIH CORP, etc.
COOP only talks COOP
You're trying to get me to play the same game, as during the WMILT days,.....call the LT and verify... duh, LT can only verify what its has legal authority and obligations over.
Like I coined "hide the sausage" accusation to Rosen back in the court objection days, the same thing applies today.
People are still protecting and hiding the sausage to this day - which makes no sense other than legal liabilities from such insider activity. The sausage is just under a different hat now, that we just found....WMIH CORP and its LEI code proof.
WRONG! Did you read it completely and check the chronological filings as they occurred? nope
One filing of many required is shown as "lapsed", and in my opinion, this is on purpose so that WMIH CORP can try and stay hidden behind MR COOPER's skirts, for a little longer.
If you review the chronology, you see multiple other filing updates were made by WMIH CORP, and that their
STATUS is stilll...."ACTIVE" and "FULLY CORROBORATED".
Doesn't sound like WMI CORP is defunct!
And you could take it further like I did and research through the DTCC GMEI Utility, if this lapsed issue is common with other financial entities, and you'd find many others with the same missing occasional documents, and also still have an ACTIVE and FULLY CORROBORATED status.
The only financial reports WMIH CORP reports through its registrant subsidiary MR COOPER the loan servicer.
Research MR COOPER...does it have an LEI code? NO. How does MR COOPER report its servicing? the SEC. Does MR COOPER have public ownership and obligations? Yes. Therefore SEC
Does WMIH CORP have an LEI code, yes. Is WMIH CORP only allowed to participate in structured financials like bonds? Yes. Is WMIH CORP publicly held and trade? NO. Therefore no SEC. LEI code suffices.
Legacy WMI holders who released, privately own WMI CORP and its LEI protected assets.
We're all tired of the games, and the longer it takes, more information is just going to come to light.
Someone is legally and financially liable for inside trading and using this knowledge to lead folks into switching out of legacy stocks and not releasing.
I'm sorry for whomever got suckered, and they should class action sue their ^$%$% asses off
Its... interesting.. that you only mention these couple WMB ones that you only magically seemed to click on randomly, that show up near the end of the list., and didnt manage to see anything else. you should buy a lotto ticket.
IF you read further, these specific bond cusips Matured or Liquidated PRIOR to 2008 and the FDIC receivership and subsequent (2) WMI bankruptcy entities. They neither went to the FDIC, JPM, LT or whatever boogyman you believe in.
The other 33 are active cash producing bonds, many until 2041 (multiple).
Too bad you stopped so short in your research, as you'd clearly see the connection over the years between these 40 ISIN bond cusips...all belonging to one specific entity WMI/WMIH CORP over the decades surrounding receivership and bankruptcy !!
WMI/WMIH CORP owned these bond cusips before 2008, today, and into the future 2041.
These were WMI/WMIH CORP before, and after.
Hope you released.
HLCE
OR, you could do it yourself. Why dont ya just read up a bit? LEI codes are public information. Would I believe the DTCC is more accurate than an anonymous MB poster or MR. cooper's investor relations hireling? Yep. Do the work.
You can verify with the only national regulatory authority over LEI codes....the DTCC's sub GMEI Utility that verifies WMIH CORP's LEI number is as shown, and is solely owned by a separate legal financial entity called WMIH CORP.. ..a separate financial entity legally separate and segregated from Mr Cooper.
Mr Cooper Group doesnt have an LEI number !!!! It cannot legally handle these financial transactions with out having a direct parent who does have a DTCC authorized LEI financial entity code.
WMIH CORP is the financial entity.....right now....as verified with the DTCC, as holding the LEI financial entity registration number, and whose "STATUS" is listed as "ACTIVE" and FULLY CORROBORATED".
The 40 ISIN bond cusips are only registered to WMIH CORP and its personal LEI code, not MR Cooper Group. There is zero cross pollination of legacy assets.
Legacy WMI/WMIH CORP assets are legally distinct and separate from Mr. Cooper as servicer.
I might have a copy, but I'm not giving away everything. Never know who's who on these boards, eh?
Hope it keeps going. looks great so far.
nope, there were some billing slip ups by A&M on KCCLLC years ago, that some of us caught and recorded before they erased it.
Further, what idiot wouldn't want to double track and verify what some Trust claims is your balance? OF course A&M was tracking it on behalf of WMI.
Do you never reconcile your bank statements? yikes
WMI was chapter 11 re-org not chapter 7 liquidation. Logically, in a re-org there are assets to be reunited with. The debtor has to keep an eye on them.
What kind of an idiot wouldn't?
No, you can see what is matured, liquidated, or ACTIVE on the DTC GMEI utility website. I've already posted the proof.
Wondering: where did these 50 WMI ISIN cusips get blended and folded?
Indeed, of the 50 I found, 12 were able to cross reference with WMIH CORP's ACTIVE ISIN cusips on their LEI report.
Under who's and what's LEI number owns the remaining 38? This is another subject of research that might reveal another literal and physical connection to our escrow cusips, and I think I know how....its gonna take some work