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You have my vote.....for "C".
Wayne, did you mean China is going to create trading barriers for service segments in exchange of commodity?
You knew China does not have enough barrier for commodity in numbers against our exports.
Very precisely.
Excellent post.
Are those numbers are cumulative since beginning, not quarterly?
I am appreciated your opinion. Thanks
As long as we're logic and reasonable as you, we're OK.
I think it's about 24B because that's the pre-BK number. As a public company, WMI could not edit nor create a number. As long as $13B is concerned, FDIC would ask JPM to pay for it.
You're great, keep doing right things. Now, I normally only read your posts, unless others have great topics.
Thank you very very much.
Fully agreed and cleared my doubts, especially your last sentence.
On 6/3/2019, FnF will be united to provide Uniform MBS, and Federal Housing Administration is very possibly inviting all private institutions to participate the games. Then, we're.........gonna be one of the largest providers on all aspects in the markets.......originator, services, reinsurance, ....
Agreed 99.9%. But, IMHO, this 24B so called "net assets" should include all the participation in terms of equity interest for all SH MBS. So, if we liquidated all the MBS, WMI would only get $24B plus interests.
Divide by 0.36 from the total shares of NSM.
No, I meant the price keeps dropping down since 2013. It matches your thoughts.
LOL! NSM's share price was $60.00 in 2013.
Good thoughts.
More, IMHO, FnF may be deregulated, and government may allow more private banks to participate the mortgage business.
Question?
How do you calculate 50,000,000 shares of common holders become 300,000,000 shares? According to your theory, should they hold 1.2B shares in WMIH as they had in old WMI.
Will you consider the creditors take the minor position (i.e. 49%) of the LB2 in order to save the NOL?
Absolutely correct.
FYI! I got everything regarding Piers by mail from LTI, including checks, letters, balance, 1099 forms, etc.
No, it is not fund for merger. Like the recent merge between WMIH and NSM, NOL plays one of the important role, of course, there are some other factors. The new company can use it it offset the tax, and creates additional value. Moreover, it attracts more investors in the game, such as KKR, SoftBank, Fortress, and possible Citibank. I am hoping JPM may consider the new marriage.
You're right, except the NOL can be used on a merger, such as WMIH and NationStar, if latter generates enough profits.
Yup, IMHO, the key is the cost of money, and from where is coming.
Pier fallen down is because inside trade by HFs. Judge MW caped Piers @10.75 plus FJR. Fortunately, their dirty actions were caught. Otherwise, the whole WM2 would have gone to those HFs. You are pretty aware the case.
Therefore, I wish our CTs are not paid in full. Then we have a great chance to grip 51% of LB2. Just $50B NOL is worth more than our FV plus accrued interests.
GLTA
Yup, you're right, I also hate JPig a lot. However, the last puzzle will come from JPM.
KKR has to make more than 7% for her investors, then loaning money for the mortgage definitely is not her business. KKR could be just a bridge.
The cheapest cost of borrowing money is from retailing banks. At the present, bank pays 0.1% for the saving account. The 15 year mortgage is around 3.15% as long as banks maintain enough liquidity.
We need the last puzzle which is the retailing banks. NSM had a very high operational costs. KKR, SoftBank as well as fortress could not reduce the operational costs, bank is the only one can do it.
If Wamu's POR6 is applied to LB2, then Lehjq gets nothing. CTs get 51%, and creditors get 49% of LB2 respectively. Unless CTs are paid in full, the LB2 with NOL goes to lower levels in OBS.
Without NOLs, nobody wins.
correction: Not 5.16%
Maybe your figure is too optimistic.
Why liquidated $61B under DB as trustee, WMI can only get $600 millions. It seems the participation rate is 1% not 5.9%.
By the way, there are several reasons that JPM may participate the game.
1) JPM likes to get involved into the on line mortgage which is a new area.
2) JPM, as a services, does not have to pay off the trusts off under her service by using her own reserved cash, and continues her service.
3) Number 2 exchanges her huge depositors' money to participate and finance so called online mortgages. At the present, the deposit rate is very high in the banks.
4) Of course, all the SH assets not under the service by JPM are back to LTI and then to WMIH.
One side is true as you said. However, once the pie becomes larger, then all the operational costs will be reduced. Assuming JPM participates the game, the NSM / KKR would finance the mortgage cheaper than usual because bank pays much less to the depositors.
Hoping 1 + 1 > 2. Otherwise, you're right.
No worry. Our money is with FDIC-R.
Yep, it is pretty closed.
Or, you may use FJR @1.9%.
Do you know what is the latest status o uwbkq?
Thanks. I can see it but do not understand because it is beyond my pay level.
Wonderful, thanks.
Any debts left, or what is the way to perform reorganized?
Anything else? Tks