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~ John, ... May The Great Healer' ... Jesus', ... Show His Perfect Grace Upon Her, and You Also ~
... These are difficult times for BOTH of you my friend' ... I'm sure I speak for many when I say ... "WE" will ALL Pray For You Both' ...
AZ is misty' ...
AZ
~ Lets See IF I Follow', ... as relevant to ... COOP', ..."the Mr COOPER Group" ~
AYA', filed in March of 2019', and the Litigation Losses obviously stacked up' ... (IMO, as a delay, a hired JPMC' subcontractor', again though, IMO', it doesn't matter anymore, I have turned the page on that') ... representative' attorney's, are not sworn to tell the truth, the whole truth, and nothing but the truth', ... ie: everyone's ... "fav-a-holeee" ... rosbudder' ... just sayin' ... it is the system'
well, ?, ... the AYA issues were filed against the "wmi-lt" ... the Reorganized WMI Holding Company's Liquidation Trust ... Which Was The WRONG PARTY' ... the values in the P's and K's were held and managed in a WMI Subsidiary' ... I've posted this many, many, times' ... it is all recorded on the SEC site along with the relevant accounting' ... and, the Use Of The Cash to Pay KKR's 3% quarterly coupon as well as the Run-Off Notes' ...
why no one ever looks at these WMI / WMIH now COOP' SEC Filed documents ? ... I find amazing' ... but ?, it's all there ...
AZ
~ Hello John, ... Maybe', ... The Parent Company, WMI, now to WMIH, ... as the Manager, Is The Recipient of the Interest Returns ... Then The Company would need to issue an Interest Return' to an original releasing wamuq' holder ... the Original Released' Commons' ... the Capital Trust and the WMI Subsidiary Group not allowed any BK consideration, Has ZERO to do with the Preferred' ... managed by the WMIH Preferred Managing Sub' ~
My Best To You Both, and I hope you guys are well' ...
AZ
~ Hmm, Some of your points', I agree with, Some I do not' ~
POINT THOUGH IS THAT COOP would go WITH THE TENDER OFFER and THEN we will never KNOW the PRIVATE MARKET VALUE.
Whether "WE" Know or not ?, Doesn't Matter ... the Values are still there, proven by KKR' ... and Gallagher' the CEO in early 2018' ... and NO ONE will give away these massive amounts' of money and asset value' just to prove a point' ...
It was ONLY STATED that assets COULD NEVER RETURN TO THE REORG'd DEBTORS ESTATE WMIH is the reorg'd debtor and COOP is a sub of WMIH.
the debtor terminology left with the "wmi-lt" ... turn the page' ... it was originally WMIHC then transitioned to WMIH'
Don't think it was ever stated that WMI couldn't buy the WHOLE BALL OF WAX WAS IT.
This ? Is What I Find Interesting' ... WMIH Is Already is in charge of EVERYTHING' ... as stated', "Predecessor / Successor Protocol"
IMHO so far it kind of sort of HAS IT's HAND in this whole NSM acquisition anyway
WHO IN THEIR RIGHT MIND WOULD BACK a 2.7 BILLION $$$$$$$ loan and as it was stated that is NO WHERE NEAR the over all value back said loan.........
the collateral has been disclosed in the SEC Filings' ... "It Was Not NationStar" ...
But again we agree ALL WILL BE JUST FINE and WE AGREE there is LOTS OF MONEY LEFT OUT THERE
Agree, ... I dispute any sharing ratios', ... any continued relationship with the "wmi-lt", ... and those stupid numbers' ... and ?, I want to see the complete value of the ENTIRE Company' ... just like Gallagher showed to the chosen ones in 2018' ... and once shown', with the threat of prosecution in the SDNY if revealed to the public' ...
AZ
~ Follow Up:, In My Opinion ?, ... the 2018 Acquired Servicing Subsidiary Group Is NOT Worth The Trouble' ... It's The Parent Corp., That Holds The Values' ... remember', ? ... "the asset values of WMIH and its subsidiaries" ... and That ?, Would Cost A Lot ~
anyhew'
AZ
~ And What Is "Book Value" of the Entire Company ... ? ... Not Simply The Values of A Subsidiary Group' Acquired in 2018' ~
"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."
Yeppers, ... In Order To Calculate a proper "BOOK ", ... ? Now All We Need Is A Proper SEC Release of the ENTIRE' "Corporate Structure" of the Entire' Company' ... Right Lee ? ...
... "And the other value is private market value, what would a strategic financial investor pay for the entire company?" ...
"Private Market Value" ... ? ... sound familiar ? ..
just sayin'
AZ
~ Actually "the Mr Cooper Group", ... Gave The BEST Answer to my Question ~
"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."
Yeppers, ... Now All We Need Is A Proper SEC Release of the ENTIRE' "Corporate Structure" of the Entire' Company' ... Right Lee ? ...
... "And the other value is private market value, what would a strategic financial investor pay for the entire company?" ...
"Private Market Value" ... ? ... sound familiar ? ...
=============================
the as of 12/31/2021 10-K
https://www.sec.gov/Archives/edgar/data/933136/000093313622000008/0000933136-22-000008-index.htm
and' ... the SEC listed registrant's ... of course' ... and, LLC is being reported as the only operational sub' ... ? ...
Subsidiaries of Registrant
Subsidiaries Jurisdiction of Organization
Nationstar Mortgage Holdings Inc. Delaware
Nationstar Sub1 LLC Delaware
Nationstar Mortgage LLC Delaware
just sayin'
AZ
~ Thanks Pink', There Is Something "wrong" There, (strong' medicine needed ? LOL) Regarding WMI, to WMIHC, now to WMIH, with NationStar as an acquired Subsidiary Group, currently available ... as Nasdaq's COOP ~
... It's ALL Made Up, and DOES NOT Depict the Actual Process' that has occurred' ...
I don't care of course, because I was there throughout', and continue to be involved' ... it' means zero
anyhew', ... have a great evening ...
AZ
~ You Are Welcome My Friend, and Yes', I Am Doing Fine ~
Yes, Interest Earnings Are Still Owed because ... WMI actually "Reorganized" ... and the Disclosure Statement, the Status as REITS', and the IRS 90% Rule ... will ultimately need to be returned ...
The ESC Cusips, ... were a trick perpetrated by the "wmi-lt" ... and then fueled of course' ... however the release forms were submitted to one's brokerage, and were also listed, counted and verified by a segregated law firm ... no one released the WMI Holding Company, the "wmi-lt" or ... bugs bunny' ...
Yes, interest is still owed ... and your location is tracked by your individual brokerage firm that you use' ... the law firm that kept track of your release submissions', will notify the brokerage firms' ...
1,000 shares of COOP' is a great position' ... I always think in terms of what I received in WMIHC', for my releasees submitted, ... as a base position ... I currently hold a few more, but ?, I do like to spend a bit of doe-re-me' ...
with all the fairness 2019 COOP price was around $7.50 .C-19 sell off in 2020, it went as low as $6.00
In 2020-2022, I believe that KKR saw this as an advantage, and many were able to take advantage, due to the pre-planned litigation delays' ...
Yes, ... KKR was integral in our survival ... Brey' (NationStar) would NOT budge on the deal offering, and WMIH simply DID NOT Have enough to complete the acquisition, ... so KKR stepped things up and got it done' ...
So forget the COOP for a second ,anyone can buy and trade it. ... OK' ...
"Eventhoug this is the COOP forum , 90% is talking about recovery and legacy of escows. There is stupid numbers getting thrown around 0-60,000.. (what a range right.. lol)" ... YES' I Agree
In your opinion ( I value your opinion and did for years) is the escrow story over?
No, I Do Not Believe that your recovery as alighned with your original ownershiip of the reorganized Holding Company is over' ... No, Nope Not Hardly' ...
Thank you
You Are Welcome, Have A Great Day
AZ
~ Holy Cow !', What "Board" or Company Is This Referring, To mr doubtful' 195k ?, ... This Is Not WMI' or the Holding Company's Filings' or the present tense "the Mr Cooper Group" ... This is Humorous' (LOL) ~
anyhew, ... as usual', turning the page' on this made up' dream' ... poof' ...
JPM paid a 13 billion dollar fine to the SEC for damages they incurred by their actions during the 2007 financial crisis, as did other banks...
SO WHAT'
all major banks were hit with SEC fines.....
SO WHAT'
5885 AT,
LOL'
and willful misconduct charges were all hammered out in the GSA agreement between WMI, JPM, FDIC, and Deuchebank,
Uh', ... Nopey-Dopey ... the GSA was between WMI and the FDIC and JPMC was allowed as an intervenor, ... which ? wasn't necessary' ... duh'
who agreed to give WMI 7 billion dollars in return for 100% claims for creditors claims up to class 18...
woweee'. ... the $7 Billion was WMI's money in its own account and tax refunds' ...
the "Litigating Trust of the WMIL-T was specifically charged with actions to pursue legal claims against JPM, etc to recover additional estate values... Rosen failed to pursue court cases against JPM simply because these causes had been overridden by the GSA agreement between all parties, making it unnecessary for the Litigating trust to pursue these issues....chapter 11 closed, and with it, all future recoveries from WMI for estate recovery ended.... equity recovery consisted with 200 million shares for old equity in the new company, plus 75 million dollars,.......Fact... Lodas
~ (OK Now) Yeah, actually', I was being sarcastic', but I find myself (sort of) agreeing with you' ... ~
More to the point was my 2nd' reference to the only operational sub that's being reported is NationStar' LLC', ... which I say is the SEC allowances being misused and abused', ... however legal' ...
I'm hoping this link will work for you, and we can move on quickly', ... like you, I believe XOME' is irrelevant' ...
https://www.xome.com/auctions/licensing
ok good, the link worked for me' ... turning the page' ...
===========================
back to what is being reported as, ... "the Mr Cooper Group" ... Corporate Structure, ... (give me a sec)
the as of 12/31/2021 10-K
https://www.sec.gov/Archives/edgar/data/933136/000093313622000008/0000933136-22-000008-index.htm
and' ... the registrant's ... of course' ... and LLC is being reported as the only operational sub' ...
Subsidiaries of Registrant
Subsidiaries Jurisdiction of Organization
Nationstar Mortgage Holdings Inc. Delaware
Nationstar Sub1 LLC Delaware
Nationstar Mortgage LLC Delaware
Thoughts ?
AZ
~ Hmmmmm', That's an Interesting Response', Can You Embellish a bit ? ~
AZ
~ I Have A Question' (LOL) (well', sort of) ... Why Isn't XOME Listed In The "the Mr Cooper Group" SEC 10-K Submitted Corporate Structure, (in any capacity) and', ... ? ... Why Is NationStar LLC' Listed as the Only Operational Sub' ... ? .... Can Anyone Help ol' AZ with this query ... ? ~
AZ
~ Kbrocks, No, No AZ Changes at All, ... I Actually Just Added MORE' COOP', 730 shares @
$38.55 and 100 more @ $41.89 (yesterday) ~
Yes, ... Interest Is Owed (REITS & the Plans Disclosure Statement) ... KKR set the financial recovery stage at the end of 2017' ... the 2018 SEC Submissions "Tell" Exactly What Was Going On and What Was Being Done' ... (it is all ignored)
the WMI Preferred Managing Sub was active prior to the Holding Company's Filing, and beyond the Holding Company's Reorganization (again, it is all ignored)
Separate your considerations from anything and everything that the "wmi-lt" referenced or referred to ... ~ The "wmi-lt" NEVER MATTERED ~ the "wmi-lt" was only applicable to the WMI Holding Company' ... period' ...
COOP has had numerous tasty entry points, especially back in 2018 in the single digits' ... I've played with COOP' over the years a bit ... both with the C-8's buy and more recently with a second needed for groceries and cleaners etc, ... a blk on blk awd CTS ...
P's and K's are subservient to the WMIH Managing Sub, ... placed under WMMRC which ?, they have now dissolved' ...
the released common shares are king' ... the Capital Trust as well as the WMI Sub's that the Judge Ordered to continue doing business' ... BUT ?, ... would Not Allow Their Financial Considerations within the Holding Company's Chapter 11' ...
Yes, ... KKR' has this deal pegged' ... Gallagher was witness to the letter' ...
Yes, I was tricked, and I missed a few things, but I'm comfortable with being mostly correct ... WaMu and WMIH ... COOP' ... Have been good to ol' AZ ... Thanks to Judge Walrath, and Thanks to KKR for PUSHING WMIH over the line in an effor to acquire NationStar' ... "Corporate Structure", ... and ... Predecessor / Successor Operational Protocol's ...
AZ
~ XOOM', Everything Necessary To Come To A Proper Conclusion', Has Already Been Revealed By WMIH / merely name changed to the Mr Cooper Group as COOP' ~
* Review WHO (What) Entity Was Released' ... (it was not the WMI holding company)
* Review the WMIH Preferred Managing Sub ... (both, before the WMI BK, and then after the WMI Holding Company's Reorganization)
* Review the 10-Q and 10-K SEC submissions beginning at the end of ... "as of 12/31/2017" ...
and ? just listen to Mr Cooper' itself' ... ? ... (or not' LOL)
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.
Mr. Cooper / Mr. Cooper Group | the Mr. Cooper Group
www.mrcoopergroup.com
With a higher education ?, ... one can also review on the SEC site', how KKR saved WMIH, ("the asset values of WMIH and its subsidiary's") and made sure that the acquisition of NationStar etc. ... actually came to fruition' ...
just sayin' :)
AZ
~ Here's a Question ? ... or a "Maybe an "AZ" Thought" ? ... Were The Plan's Released P' and K' participations in the NewCo, now "COOP' of course' ... made to appear to be more advantageous than a common share' ?, ... Simply Because the Existence of the (WMI) WMIH Preferred Managing Sub had been earmarked and destined from the beginning to Pay-Off The Run-Off Notes' ? ... as well as the quarterly 3% Coupon ($18 million) in Cash' paid to KKR ? ... diminishing the eventual available CASH returns ... ? ... now SEC verifiable ~
... just a thought' ... I also owned and released P's and K's ... plus wamuq' released commons and purchased WMB notes' (bought' after the WMI Holding Company's reorganization) ... sooooooooooooooo' ... anyhew'
lots and lots of slickery' ... that's for sure'
just sayin'
AZ
~ Which Team of WMIH / now NasDaq trading symbol COOP', ... "naysayer-adhoc group" ? ... Do s-m' Have A Membership ? and an Obvious zero DD Problem ? ... not to mention just a "problem" in general LOL', ... here are a few' ~
But First', ... Thank You Judge Walrath, ... and Thank You KKR for Saving The Company WMIH, and allowing for the acquisitions completion of (NationStar)
the restructuring component that things as promised didn't quite work out ? ...
the fried' and toasted capped' H' speculators ? ...
the holders of a preferred, TPS included ... especially after the exchange event, transitioned to the managed (WMI) WMIH Preferred Managing Sub' ? ... an easy find on the SEC site'
goldstein backed off and stayed @ weil', ... rosbud wasn't so lucky (LOL) ? ...
the delaying lost litigation participants' and promoters' ... ? ... and again', an easy find on the SEC site'
... and' ... those that DID NOT Release to Participate ... ? ...
etc., etc., etc., there's more, a lot more of course ... However' ? ... "it is what it is"
~ An Army Of One' ~
AZ
~ The Company', ... WMIH as COOP' Manages These Returns (past and present tense) ... ~
A Delaware Statutory Trust (DST) allows you to co-invest with other 1031 exchange investors in one or numerous institutional-grade properties. When you invest in a DST, you are assigned a fractional ownership of equity and debt, fulfilling your exchange requirements. You will receive a 1099 for ordinary income, 1098 allowing for mortgage interest write-off, and an operating statement or profit & loss statement for depreciation.
With a DST, investors can still enjoy the benefits of owning real estate without dealing with the day-to-day responsibilities of actively managing real estate. This type of investment removes the need to handle property operations or negotiations with contractors and real estate agents. At the same time, you enjoy the benefit of earning current monthly income with the potential for property appreciation. A DST can be an excellent solution for some investors who want to reinvest in more real estate without the obligations of being the sole owner.
==================
... the "investor" reference, is and always has been under the management of WMI', and the Use of WMI's Subsidiary Group, ... NOT Allowed into Judge Walrath's Court Considerations of the WMI Holding Company's Chapter 11 through to the Reorganization ...
Yes, ... ~ Know What YOU' Own ~ ... and' ... WHY' the Holding Company DID NOT Need to be Released' ... ~ "COOP" Is The "Tell" ~
"Predecessor Operational Protocol"
just sayin'
AZ
~ Merely a NasDaq symbol, ... COOP', ... WMIH (1st, WMIHC), Manages The Trusts', Originally Managed by The WMI Subsidiary Network That Was Not Allowed to be Considered Within The (now reorganized) Holding Company's Bankruptcy ... merely name changed to "the Mr Cooper Group", with an (SEC allowable) Incomplete Corporate Structure reveal to date' ~
This was Plan 6' ... (which failed) ... (~ Understand Plan 6 "Participate" In Plan 7 ~) ... the Indentured Trustee Filed Against rosebud', Judge Walrath Agreed and STOPPED rosbud' ... (* 2nd time)
Search Engines can begin with W Kosturos, and the Delaware Statutory Trusts, 1031 Exchange Programs etc. ... The Information is and has been available' ... just like the choice of one to review their release documents ? ... (crickets), ... or, the WMIH Preferred Managing Subsidiary, managed under WMMRC' (more crickets)
The issues are' ... (here) ... is the issue of "entitlement" ... the Company ... WMIH is the recipient' of the returns' ...
the "wmi-lt" never mattered' ... and the returns to a releasing participant, would be the interest returns' ...
just sayin'
AZ
"Kosturos" was integral to the securitization of the valuations' ... quote ... "he stays because he knows where the money is" ... now, he's no longer needed'
Since June 2002, Mr. Kosturos, age 47, has been a Managing Director at A&M, a management consulting firm specializing in advisory and business consulting services for companies in transition. Mr. Kosturos specializes in interim management and advising and assisting boards of directors, investment groups, management groups and lenders in a wide range of turnaround, restructuring and reorganization situations. Most recently, Mr. Kosturos served as the Chief Restructuring Officer of Movie Gallery from June 2006 to May 2008. Previously, from February 2003 to June 2005, he served as interim Chief Executive Officer and Chief Restructuring Officer of The Spiegel Group.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/42ecbcf1-49a4-4dab-82c7-b1995a9187d5.pdf
~ Well ?', the post WMI reorganization's, now to WMIH / then name changed to the Mr Cooper Group', even after the 2018 acquisition of NationStar's ... Delaying 2019 Filers and Promoters ? ... Can Go' ... ~
"Things that MAKE ME GO HMMMMMMMMMMMMMMMMMMMMMMMMMM"
... All They Want To until the cows come home' ... OR' ... The WMIH Preferred Managing Subsidiary's SEC Accounting Documents Can Be Reviewed' ... Along With a Review of one's Plan Release Documents Submitted' ... (or not ... LOL' ...) ... The Truth and Facts regarding "COOP" Are Available on the SEC site'
Absolute Priority is not relevant once a reorganizational chapter 11 settlement has been reached' ... the Plans 2012' distribution matrix is proof of that as well ... (the obvious portrayal of ... "duh" ... in # 691189 ?, and some 36 thousand plus others ? ... is amazing')
Thank You Judge Walrath and KKR'
just sayin'
AZ
~ Hello Brother JJ', I Hope You Are Well "COOP's" pps looks tasty' ~
I DO NOT Believe That Any of the Relevant WMI non debtor Subs, Accumulated Funds, have disappeared at all ... The Returning (profit) Funds Have Simply Been Moved' Is All and continue to be managed' ... as the previous managing subsidiary's, once full then emptied' then get dissolved' ... only the names' are being changed' ... (pun intended)
Nothing will disappear, ... NOTHING' ... There was too much documented effort to 1st, keep the massive WaMu non-debtor sub returns for a few coveted participants' ... b-roses' lost that one as well (6) ... thanks to the Indentured Trustee and Judge Walrath's Knowledge, ... but then years later, ... KKRs involvement ... and PROVED The Financial Continuation ...
AZ
~ Yes' ... The Truth Is That Yes I Have Expected The Interest Returns To Have "ALREADY" Begun' ... I Have Expected ALL of these Necessary Corrections To Have Already Been Made as of the "End of Year 2021' 10-K" Submission's ... ~
However, ... for some reason ?, unknown to me ?, ... EVERYONE Is Still Waiting' ... the Institutions and Individuals Alike' ... BUT ?, They Are All Still Here, and So Is AZ' ... (although an opinionated truth' burr under the saddle) ...
Judge Walrath saw through b-roses' plans and then, KKR doesn't make mistakes' ... and KKR saved WMIH' ... and allowed WMIH to complete the acquisition of NationStar' ... AND' ... had a lot of heavy hitters participate' "privately" ... m-b's-twisted gotchas, DO NOT, and CAN NOT Move Me' ... Only The SEC Submissions, Can Move Me, which ?, CAN NOT Be Denied' ...
... WE' Are Not Done' ...
AZ
~ Hello ND9', ... Yes, Any Interest Generated Is Still Owed' ... I simply DO NOT Believe that the WMIH Preferred Managing Sub', (the management WMI Subsidiary of the Bond Offered', P's and K's) placed under WMMRC, which has now been dissolved ... Has Much ? or Anything Left at All' ... Disappointing ?, obviously "Yes" to us Both' ... However' ... the SEC Submissions Can Not Be Denied' or Disregarded', the Accounting Is Shown' (not denied by me anyway) ~
the Company' Itself ... WMI, now reorganized to WMIH ... was the recipient of the non-debtor subs financial generation ... it was a profit center for the Company' ... the Company WMI, would then distribute the interest earnings to a WMI common shareholder as a dividend' ... "Operational Protocol" ... as mandated by the WMI REIT participation and the IRS 90% Rule ...
the "wmi-lt", with lots and lots of help, ... promoted the 75/25, in an effort to confuse' beyond the WMI Holding Company ... and. what a good job they did' ... wow' ... however, ... there never was going to be any 75/25 to the end', ... nor are the 300b, 100b, or a $60k P numbers remotely possible' ... yoda ?, is in the wrong business' ... or ?, maybe he right one depending on how one reviews the material' and the TRUE Process as it has moved forward' ... hhhhmmmmmmmm ? ... just sayin'
(ADDED: as a sidebar, ... the Mr Cooper Group ... COOP', has also SEC revealed that it', functions as the Successor', under "Predecessor Operational Protocol" ... the Predecessor is WMI ...)
AZ
~ Here, Is What I Have Concluded over the Years' as this subject relates to the Company WMIH, now trading as symbol COOP, ... the Mr Cooper Group ~
... the original P's as a WMI Bond Offering, (and the K's as a subset), were and continue to be to the present tense', ... (SEC trackable and researchable) ... these Bond Offerings, were managed by a Subsidiary of WMI and then after the reorganization, managed by the reorganized company WMIH' ... the Exchange Event Happened' at 8:00am on 09/26/2008 ... moving all Bond Offerings into that Sub' for management ...
as I have posted many times, one can easily review this WMI Sub', ... the inbound cash generated as well as the cash spent to accommodate and pay, the KKR issued preferred 3% quarterly coupons as well as the payoff of the run-off notes' ... yes, ... all of this information is and has been available' and accessible ... yet purposely disregarded' and met with denial' ... especially by the delaying March of 2019 filings, and multiple losses' ... So, ... as those Bond Offering supporting Certs' have now NOT had any loan replacement since 2006', the years have dismissed and diminished any relevant values that are able to be returned to an original releasing P or K Bond' owner, any relevant money is simply no longer there' ...
when one considers an original WMI common share, ... released to participate' ... those shares of original ownership are totally different' ... the Company' ... now WMIH of course' ... is able to gather the returning financial generation and (profit) and subsequently distribute the returns to a participating common shareholder as a dividend' ... (napkin math) ...
the extended litigation, and the "wmi-lt", have delayed the payments' due an original common shareholder, associated with the REIT's and the 90% Rule' ... and these delays, ... some (shamefully supported') ... have allowed time to move forward' ...
In My Opinion, ... although ownership was quarter 1 2012', originally m-b' discouraged, as P's were promoted', ... actual ownership of an original WMI Common, and the Proper Release of the Same (wamuq) is where the money is' ... and the interest has been accumulating, ... beyond all of my holdings, ... I also own both P's and K's, however, I don't have much faith in their returning much of anything', after a thorough review of the WMIH Preferred Managing Sub, ... placed under the management of WMMRC, ... now dissolved per the Mr Cooper Group's SEC Filings' ...
AZ
~ Merely A Portion of the WMI Non-Debtor Sub Financial Production Was Document Revealed Within the WMI Holding Company's Bankruptcy By The Indentured Trustee ~
I have referenced this specific yet conservative information numerous times' ... I'm no longer interested in the twists, gotchas, and bashing' ... there is no 300b, 100b, or $60k P's returns coming' ... only the interest generated by what the Company WMI to WMIH participated in, that you are still owed'
Invest in COOP' ... and maintain the brokerage account that you submitted your releases to' ... no one released to the "wmi-lt" ...
AZ
~ Thanks John (and Kay), Encouragement To "post" TRUE' Information or an Opinion', RE: WMI to WMIH, Now on the NasDaq as and using symbol COOP', is Rare (and, twisted and discouraged (the cancel and gotcha' culture) on purpose') ~
"Ps Kay and I greatly appreciate your contribution to our understanding of this investment!"
"Az, Question will the legacy owners of the non debtors WM subsidiaries have the right to vote or approve the offer from Mr Cooper Group? ANSWER: I Don't Believe There Will Be Any Vote' IMO the Returns accumulated and still owed' will show up via one's Brokerage Account' per their Original Ownership ... And is the WM Capital Trust still considered a separate issue? Thank you! ANSWER: Yes, The Capital Trust Continues to Function.
Semper Fi"
the "wmi-lt" with help', purposely jazzed everyone up, and again "on purpose" ... myself included', with the professional twisting' ... "WE" never needed to release the WMI Holding Company' ... the non debtor subsidiaries needed to be released so that no interruptive or delaying litigation would or could be filed by an active releasing plan participant' ... (check your release documents)
currently, the WMIH corporate structure is not being SEC reported in its entirety ... and the share allocations are not accurate' ... that is able to be legally done within abused sec allowances' ... however, ... all of this will need to be corrected, ... for the company, as a whole, to realize its true value and allow for the institutional investors and the participants in the private rights offering to financially flourish' ...
please tell Kay, and to you both' ... I am sorry that the "wmi-lt" also tricked me with their "PAID" for ESC descriptive, purchased and all twisted up', in a premeditated approach to discourage, and on purpose' ...
my own study and research projects were always more BK docket and SEC submission orientated and moved forward with each and every change' ... and there have been a lot' ...
In My Opinion, ... the acquired NationStar and its Subsidiary group, were necessary as a servicing platform, ... and with "COOP" merely reporting one operational; sub' ... LLC' ... is the proof' that the entire company reorganized WMI as WMIH, is not yet being recognized' ...
To you both, ... I do not know when, or how much, however the interest generation can not be stopped' ... and' ... the Company' only owes any interest generated, which makes sense to who (what) needed to be released to the present tense' ... common shareholders, always own the company' ... past as WM and present tense as COOP' ... issued preferred are bond holdings' ... apples and oranges' ...
Thank You to You Both' ... I'm rarely around this place' anymore' ... I simply check the filings' ... I see the share price of COOP' as an opportunity for those that have TRUE knowledge of where "WE" are ?, and how "WE" got here' ...
AZ
~ Thanks Biz', for the Honesty' ~
just sayin'
AZ
~ XOOM', 2nd Time' ? ... LOL', ... Per The WMI BK' (Dominant Approved Plan' (7) Documents) ... re; the "Disclosure Statement", ... the Continuation of the Interest Accumulation, Generated By WMI's Subs, Those WMI Subs, That Were NOT ALLOWED Into Judge Walrath's WMI Parent Corp Chapter 11 Reorganizational Proceedings', ... @ .05375 annually, have continued, ... Now serviced by the acquired, "the Mr Cooper Group" ... "COOP" ~
... the WMI Preferred were always handled by a Sub ... "the WMIH Preferred Managing Sub" ... SEC Trackable'
... the Interest Accumulation continues to be generated by REIT's ... "NationStar" was acquired to service' WMI's Participation ... now WMIH ... as stated', ... ~ Understand Plan 6, "Participate" in Plan 7 ~
... the Mr Cooper Group continues as ... 1:) an acquired WMIH subsidiary group' ... and 2:) the SEC Submissions Are Not a depiction of the complete Corporate Structure' ... with LLC being reported as the only operational sub' ... LOL' ...
delaying and lost litigation ?, ... no 75/25 to the end, ... no 300B or 100B or $60k P's ... the "wmi-lt" never mattered' ... yoda' ? has been ?, ... etc., etc., etc., ...
the Indentured Trustee ... toasted' ... the b-roses' for a second time in 2012' ... and weil' kicked the b-roses' out' ...
I'm probably reasonably close to my original released common share uq' (napkin) opinions' ... due to the REIT's, the accumulation, and the 90% rule' ...
~ Just Because "It" Hasn't Happened, ? ... Is Not A Valid Reason That "It" Won't ~
just sayin' :)
AZ
~ Nope' "Hogwash" ... Only Washington Mutual Inc's ONE' Subsidiary Group, WMB and its' Subs were transitioned to JPMC' ... ~
typical' ... inaccurate and' scripted twists' ...
AZ
~ Just Don't Anyone' Be Disappointed, ... WMIH / the Mr Cooper Group', as "COOP" Has Revealed ALL That Is and Has Been Needed ... as well as the ... "WMIH Preferred Managing Subsidiary" ... Check Out The SEC Accounting' for That' Overlooked (LOL) Subsidiary' ... (yoda' ?... LOL @ $60k P's)) ~
Common Shares' ... ALWAYS Own The Estate ... Every Estate' ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169328571
~ Know What You Own ~
AZ
~ Know What You Own ~ ...yes, now WMI reorganized' ... ~ COOP Is The "Tell" ~ ... ~ Understand "WHO" (or, What) Was Actually Released ~
October, 2011 ... after Judge Walrath's September (2011) Opinion, and prior to the Judge Walrath Ordered Mediation in December (2011) ... the parent corp' "wmi-lt" was formed in Mar 2012' ... (the 6th) ... ADDED, ... WMI's Preferred went through an Exchange Event (2008), and were originally financially managed by a WMI Subsidiary ... just like the WMIH, the Mr Cooper Group (subsidiary group) is now to the present tense' managed' ... All WMI to WMIH Corporate Structure Verifiable' ...
"Holders of (a) WMB Senior Notes – both those who filed claims classified as "WMB Senior Notes Claims" in Class 17A as well as Non-Filing WMB Senior Note Holders – and (b) preferred shares classified as "REIT Series" in Class 19 shall not have an opportunity to resubmit release elections; such holders' elections made in connection with the Plan shall remain valid and enforceable in connection with respect to any modification to the Plan or any other chapter 11 plan of reorganization filed in the future. To the extent that a holder elected to grant the releases set forth in the Plan, such holders' information was recorded in an escrow CUSIP account established with DTC, or recorded by Euroclear Bank S.A./N.V. ("Euroclear") or Clearstream Banking, societe anonyme ("Clearstream") as applicable, prior to such holders' securities being previously released from the contra-CUSIP."
the Plan being reference above ?, is the Failed 6' ... Not A Lot Changed
Understand Plan 6' "Participate" in Plan 7' ~ (link included, and NOPE', ... NO guessing')
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
Check Your Own' Release Documents ... READ ... Common Shares' ALWAYS Own The Estate ... WMI to WMIHC, to WMIH ... trading on the NasDaq as symbol "COOP" ... using limited Corporate Structure SEC submissions under a name change', ... the Mr COOPER Group' ...
Thanks goes to Judge Walrath and also to KKR years after the 03/19/2012 Implementation of the Courts Approved Plan' 7' ... by saving the reorganized company' ...
just sayin'
AZ
~ Hey' Check This Out Regarding "COOP", the Mr Cooper Group (WMIH has that kind of money ...) ~
Just having a "chat" with ol' JB' and L@@k at what showed up' ...
"USAA Bank has apparently exited the mortgage servicing business, agreeing to sell roughly $41 billion worth of MSRs — close to its entire portfolio — to nonbank Mr. Cooper, according to three different advisors who claim to have knowledge of the transaction."
~ I Know Right ? ... toooooooooooooo funny' ... and, I need to agree with the highlighted in red' "baseless" ... along with what "Badger" said earlier' ~
... WMIH ... COOP' ... is not concerned' with this flea' ... obviously LOL'
I guess this is his "bouncing back" move from his 3 year prison term. Prosecution wanted 9 years. RICO? Suave.... LOL funny....nothing burger on this for 1+ year since the last Nothing Motion??? guess our Naysayers have been waiting to pounce with this baseless news. No money, No Rico, no escrow shares for Stephen.
...
~ I Know Right ? ... To Actually Consider This ? as having any relevance at all' ?, to WMIH or COOP' or to the Named ... ? ... oh my, oh my, oh my, ... LOL' ... ~
later' ... still LOL' ... :) ...
AZ
~ LOL' ... Well, Not So Fast', ... "On 03/15/2021 Stephen Yagman filed an Other - Racketeer Influenced & Corrupt Organizations Act lawsuit against Jesse K Bray. This case was filed in U.S. District Courts, California Central District Court. The Judges overseeing this case are John E. McDermott, Dale S. Fischer, Jacqueline Chooljian and Fernando M. Olguin. The case status is Pending - Other Pending." ~
==========================
"Stephen Yagman was a high-powered civil rights attorney until his conviction on fraud charges and subsequent 2010 disbarment. Yagman has passed the bar exam and won reinstatement to practice law".
... LOL' ...
... still' ... LOL ... (AZ likes to read') ... this is humorous' ...
May 7, 2021 Filing 19 OPPOSITION to NOTICE OF MOTION AND MOTION to Dismiss for Failure to State a Claim Upon Which Relief Can Be Granted #12 , NOTICE OF MOTION AND MOTION to Dismiss for Lack of Jurisdiction #14 PLAINTIFF'S OBJECTION TO, AND REQUEST TO STRIKE, DEFENDANTS' PARTS OF DEFENDANTS' REPLY ON THEIR MOTIONS TO DISMISS, filed by Plaintiff Stephen Yagman. (Reichmann, Joseph)
May 6, 2021 Filing 18 REPLY in Support of NOTICE OF MOTION AND MOTION to Dismiss for Failure to State a Claim Upon Which Relief Can Be Granted #12 , NOTICE OF MOTION AND MOTION to Dismiss for Lack of Jurisdiction #14 filed by Defendants Jesse K. Bray, Christopher Marshall, Mr. Cooper Group, Inc., Nationstar Capital Corporation, Nationstar Mortgage Holdings, Inc., Nationstar Mortgage LLC. (Kemp, Erik)
April 28, 2021 Filing 17 PLAINTIFF'S COMBINED, PROCEDURAL OPPOSITION, OBJECTION TO, AND REQUEST TO STRIKE, DEFENDANTS' TWO, DIFFERENT RULE 12(b) MOTIONS, AND REQUEST FOR JUDICIAL NOTICE; MEMORANDUM OF POINTS AND AUTHORITIES, AND DECLARATION OF STEPHEN YAGMAN OPPOSITION TO re: NOTICE OF MOTION AND MOTION to Dismiss for Failure to State a Claim Upon Which Relief Can Be Granted #12 , NOTICE OF MOTION AND MOTION to Dismiss for Lack of Jurisdiction #14 filed by Plaintiff Stephen Yagman. (Reichmann, Joseph)
April 19, 2021 Opinion or Order Filing 16 ORDER SETTING SCHEDULING CONFERENCE by Judge Fernando M. Olguin. Scheduling Conference set for 6/3/2021 at 10:00 AM before Judge Fernando M. Olguin. (vdr)
April 16, 2021 Filing 15 NOTICE of Interested Parties filed by Defendants Jesse K. Bray, Christopher Marshall, Mr. Cooper Group, Inc., Nationstar Capital Corporation, Nationstar Mortgage Holdings, Inc., Nationstar Mortgage LLC, identifying KKR Wand Investors Corporation. (Kemp, Erik)
April 16, 2021 Filing 14 NOTICE OF MOTION AND MOTION to Dismiss for Lack of Jurisdiction filed by Defendants Jesse K. Bray, Christopher Marshall, Mr. Cooper Group, Inc., Nationstar Capital Corporation, Nationstar Mortgage Holdings, Inc., Nationstar Mortgage LLC. Motion set for hearing on 5/20/2021 at 10:00 AM before Judge Fernando M. Olguin. (Attachments: #1 Memorandum, #2 Proposed Order) (Kemp, Erik)
... this reminds me of another coffee' drinker' ... LOL' ... "failure to state an actual claim"... tooooooooooooooooooooooooo funny' ...
turning the page' ...
just sayin'
AZ
~ ADDED:, There IS NO Such Rico' Filing or Litigation Mentioned' Against WMIH or its shiny new name, the Mr Cooper Group' ... None That I Can Find' ? ~
... how about a link ? to this accusation ...
Note 19'
here is easy access to the COOP' 10-K for everyone's review' ...
https://www.sec.gov/ix?doc=/Archives/edgar/data/933136/000093313622000008/coop-20211231.htm
AZ
~ ND9', That Is Reasonably' Correct' ... (we released JPM, however, we did not release the R' or the C', we only released the individuals', their personnel) ... However, What I am portraying is ? ... as associated with the Plan', the Release Doc's, etc., etc., ... I would like everyone to take a look at their own documentation, and Which WMI Entity ? is actually Listed on one's Release Documents' ... It WAS NOT The WMI Holding Company', ... the Released WMI Entity, that is "Listed", was "Consolidated" into Merger Sub Years Later, in early 2018' ~
Thank You Judge Walrath, and Thank You KKR' ...
AZ
and again, ...
(yes, the "wmi-lt" and the restructuring component, with aid from many, many, many, others' ... confused and misrepresented the facts' to the people', ... misleading me, as included as well, regarding the original ownership tracking mechanism' and the paid for ESC nomenclature') ... however' ... standing fast allows for a win' ...
~ Obviously', ... COOP' @ $36.82' (and changing) ... Only Portrays the Acquired NationStar and its Subs' and NOT The Entire WMI, now to WMIH's "Corporate Structure", of the reorganized WMI, ... which includes the "Consolidated "Merger Sub" ... (consolidate months ahead of October of 2018') ... all is documented an the WMIH and the Mr Cooper Group' ... and is SEC Submission Verified' ... ~
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.
~ "Tweeked A Bit" ... I Sequence the Company's SEC Submissions and Consider This Very Same Question "Daily" ~
So far, ... honestly, ... with the documented facts being portrayed' ... I only have a "guess" as to the hold-up ...
* The Corporate Structure of the Entire Company, Is Not Being Accurately Portrayed' ... and more, much much more of course' ... ! ...
In my opinion, ... I believe that JPM-C (with aid) is holding things up' "WMIH as COOP", by way of using the FDIC to NOT complete the Receivership ...
what jumps off of the 6 submission that I have recently inked to, (below), is the multiple references to the separation of WMB, the WMB subs' and their affiliation with JPM-C ...
Understand Plan 6' "Participate" in Plan 7' ~ (link included, NOPE', ... NO guessing')
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
7' had minor changes, but the changes were to allow and record' equity's "Participation" and one's original WMI ownership' ... also, using WMI's left over 76 million plus a 125 million dollar loan from AAOC' ... for the reorganized company' ...
So, I do not actually know when, or how much continues to accumulate' ... I only believe that this, all of this, ... will be corrected' ... its the reason for all of the institutional participants, and the low, low number of shares' ... it's control' ...
AZ
~ WMB "and its subs" were seized and transferred to JPM as the FDIC designated' "custodial" receiving bank, ... "WMI's financially producing subs" ... were NOT allowed to be seized, nor were they considered in the WMI Holding Company's Filing for Reorganization ... WMI reorganized, now into WMIH' ... now with a name change', using NasDaq symbol "COOP" as an incomplete Corporate Structure trading representation ~
... Now, ... L@@K at, one's release document, and who needed to be released in order to ... "Participate" ... the "Released" WMI Sub, had its contents "consolidated" into Merger Sub ... FIRST' ... the Acquisition of NationStar happened months later' ...
... NOPE' the 75/25 to the end', ... etc., etc. ?, ... Was NOT Ever A Possibility' ... None of This, ... the 75/25 to the end, ... the 299b, 100b, a $60k P' etc., etc., etc., potentials ? ... Sorry But NO', none of that was ever possible ... merely based upon sloppy and poorly researched material ... fueled by the "wmi-lt" and the restructuring component, with aid from many, many, many, others' ... all to confuse and misrepresent the facts' to the people', ...
in order to "Participate" ... one's submitted release documentation shows just exactly who was released, ... (it was NOT the Holding Company) ... the linked GSA explains everything', and the Disclosure Statement explained how the process was to move forward into a reorganization' as well ...
~ Understand Plan 6' "Participate" in Plan 7' ~ (link included, NOPE', ... NO guessing')
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
... The WMI Holding Company', "the debtor" ... WAS NOT THE RELEASED ENTITY' ... "the debtor in possession" ... WAS RELEASED, by those original "releasing" WMI Owners' ... now, the WMIH and the Mr COOPER Groups SEC submissions have explained the entire process ...
just sayin' :)
AZ
(yes, the "wmi-lt" and the restructuring component, with aid from many many others' ... confused and misrepresented the facts' to the people', ... misleading me, as included as well, regarding the original ownership tracking mechanism' and the paid for ESC nomenclature') ... however' ... standing fast allows for a win' ...