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cents2ks and $27...
Are there any new ABS Trusts listed on the ABS Investor site?
TIA
Thank AZ.
The sites are changing as Trusts move to WMIH-NSM from Globic lists.
The NSM ABS link will be/is changing as stuff moves.
“WMALT 2007-OA1”
https://www.globic.com/wamurmbssettlement/index.html
https://www.globic.com/wamurmbssettlement/trusts.html
Thank You AZ.
It's happening...
WMIH-NSM ABS is up dating the Website accordingly.
The stuff is moving !
HLCE,
Ron
Why Not Just Ask Him.
dmceng, Ok where did the Money come From?
More info please.
WMIH was $251 Million Short to Complete NSM Merger.
and the deal went thru.
IMO, the money is moving.
seamus3500, Please see by past posts.
https://investorshub.advfn.com/boards/profile.aspx?user=631267
Same for AZ.
WaMu securitized ~1.5T in MBS according to the FDIC.
MBS are a subset of the general ABS definition.
Hence; MORE.
WMIH Needed a Platform for the ABS Portfolio.
Nationstar Mortgage is that platform for the massive WMI-WMIIC ABS Portfolio. Nationstar has the employees to manage the contents of the Trusts.
Next step;
ABS Distributions to Class 19 and Class 22 holders.
HLCE,
Ron
$27, I haven't signed up yet;
Are you able to a list of the ABS Trusts?
TIA.
ABS INVESTOR REPORTS
New Blue and Green corporate colors.
https://absinvestor.nationstarmtg.com/
Go to;
http://wmih-corp.com/
then;
Investor Information,
Then hoover over INVESTOR INFORMATION and look to the right for;
ABS Investors
Old Released Class 19 and Class 22 Equity holders are indirect ABS Investors thru WMI -> WMIIC.
-> AZ is Right <-
HLCE
Are Bon Bons Monthly ABS Payments?
Monthly ABS Payments into the Trusts awaiting Distribution to Old and Cold released WMI Equity classes.
Yes the Fat lady is gaining weight every month.
HLCE
WMIH is Moving Forward, So the FDIC is Happy.
WMIH did not have the cash/money to pay for NSM. WMIH was $251MM short in funding for the Deal. WMIH had $2.75B in commitments for a bridge loan, but only exercised $1.7B of those bridge loan commitments.
It's a Process;
No CIC, No FDIC Releases, No release of ABS funds, No money for WMIH to due NSM deal, No The "Final Payment" for "WMB and it's assets", No CIC....
Hint;
WMIH got the money for NSM deal, so WMIH got ABS funds, so ...
HLCE
No, The Number are Correct as of;
the day posted.
Gettn Ready.
Only the Investor Information Page Changed Colors.
WMIH Corp Investor Information
http://investors.wmih-corp.com/
Keep looking.
Gettn ready.
Yes, The Same Green is There Also.
Same colors used on both sites.
Welcome to the Old WMIH -> New COOP Corporate Colors.
WMI: Blue and Yellow.
Mr. Cooper; Blue and Green.
Gettn Ready...
HLCE,
Ron
Mr. COOPer Corporate Colors.
WMIH Corp Investor Information
http://investors.wmih-corp.com/
Mr. Cooper.com
https://www.mrcooper.com/
Nice light blue.
Gettn ready..
How Come Citi Did Not File a Form-4,
like KKR did?
Can we find Citi's Form-4 relating to their SBP conversion?
TIA
Great Question Myplace;
But I believe it was the other way around.
KKR had $400M, and Citi had $200M.
OK, how much of Citi's SBP converted?
So, KKR only converted half of their SBP. Same for Citi?
MB'ers; Do we have a Form-4 for Citi holding of SBP?
I would love to up-date my numbers.
Thanks.
And WMIH only utilized $1.7B of
2.7 dollar Bridge loan backed by C.
Where did WMIH get all that Money.
ABS Trusts.
HLCE,
Ron
WMIH Had to Buy NSM's
cash on hand.
Cash on hand is part of NSM's balance sheet.
Therefore, The Post Merger WMIH;
share count should be around 821 million, .821 billion shares.
1.117-(.444-.148) = .821B WMIH float.
Only 1/3 of SBP were converted into WMIH commons. We will have to see if WMIH cashed-out the other 2/3 of the SBP.
~296 * $1.35 = ~$399.6MM ~$400MM cash payment to KKR.
With a 141 S4V; .821 + 1.215 = 2.036 billion WMIH float.
WMIH must have another source of funds for NSM Merger.
HLCE,
Ron
KKR Form-4.
Only 148,148,148 shares of WMIH from SBP conversion, not the full 444MM.
WMIH only raised $200MM, not the full $570MM ($600MM) from SBPs.
Where did WMIH get all the money for the NSM Merger?
https://ih.advfn.com/p.php?pid=nmona&article=77999020
:)
HLCE,
Ron
But We Got the NSM House Keys on July 31st.
True?
WMIH got the needed $251MM from some there to close the event.
The Trusts. ;)
The same Trusts for Distribution on August first.
Also, only the QSR is delayed not the contractual Distribution date of August first.
DTC and Brokers just needs a little time to load the account.
IMO.
HLCE,
Ron
WMIH was short $251MM minimum to complete the NSM Merger.
But the merger happened. Where did the money come from? WMIIC-ABS.
From 424B3 Proforma; Final Share count after NSM Merger is 1.1117B of WMIH.
Now add 141_S4V of 1.215 more.
1.117 + 1.215 = 2.332B shares float.
Now 2 for 1 RS, = 1.166MM WMIH float.
Then more shares to BOD.
Think about it.
HLCE,
Ron
Yes, WMIH as successor.
WMI non-debtor sub; H.F. Ahmanson & Co and subsidiaries.
Citation was the other one non-debtor sub that other subs were merged into.
True?
More issues resolved.
Decided: June 4, 2018
ALAN I. HOROWITZ, Miller & Chevalier Chartered, Washington, DC, argued all for plaintiffs-appellants
CONCLUSION
While we recognize that WMI may have been entitled to some deduction, our holding inevitably flows from the fact that the burden to value the basis for the assets at issue was squarely upon WMI, which failed to satisfy that burden. For these reasons, we affirm the Claims Court’s dismissal of WMI’s tax refund claims.
Thank you, NDT
Only 403 Million WMIH Shares Available to NSM.
$1.225B cash, and 403MM WMIH shares for NSM Merger.
Correct, You Can't Get There from Globic.
Globic doesn't want you to know their clients.
Correct Newflow, Same for the Trust.
WMILT only reported WMMRC's Runoff notes.
Now it's time to report concerning the Other assets.
How Much does it Take to Just Changes Dates,
and then signoff and refile electrically with new dates if there is no Distribution? It's done every and all day all the time.
Just auto-file, electric file the QSR if no Distribution will occur?
http://www.wmitrust.com/WMITrust
SPECIAL ANNOUNCEMENT DATED 5/1/2018:
NO DISTRIBUTIONS WILL BE MADE TO HOLDERS OF LTIs ON MAY 1, 2018. UPDATED LIQUIDATING TRUST INTEREST STATEMENTS FOR MEMBERS OF EACH OF CLASSES 2 (“SENIOR FLOATING RATE NOTES”), 12 (“GENERAL UNSECURED CLAIMS”), AND 16 (“PIERS CLAIMS”) WILL BE MAILED BEGINNING MAY 8, 2018.
Yes, "Mark to Market".
"Mark to Market". SAP, SBP, and other stuff, including S4V need to happen the day before Merger, minimum for Brokers to make the conversion to cash, or shares.
Only the QSR is rescheduled, Not Quarterly Distributions.
The announcement says nothing about scheduled period ended June 30, 2018 Distributions on, or before August 1st. Only the QSR explaining Distributions is postponed to August 6th.
Where was two BK filings.
Case Number: 08-12229
We have only been compensated for WMI's BK, #29.
Case Number: 08-12228
We still need to be compensated for WMIIC's BK, #28.
IMO, SAP, SBP, and S4V must happen just before NSM Merger on July 31st.
Think; "Mark to Market". SAP, SBP, and other stuff, including S4V need to happen the day before Merger, minimum.
I'm Optimistic.
The announcement says nothing about scheduled period ended June 30, 2018 Distributions on, or before August 1st. Only the QSR explaining Distributions is postponed to August 6th.
SPECIAL ANNOUNCEMENT DATED 7/26/2018:
Please be advised that due solely to schedule conflicts, the Trust’s Quarterly Summary Report for the period ended June 30, 2018, which the Trust would typically file on or about July 31, 2018, will instead be filed on or about August 6, 2018. The related Form 8-K also will be filed on that date. The Trust has advised the US Trustee of these filing dates.
WMIH S4V has nothing to do with the QSR.
WMIH $1.53 vol 548k
The Significant Employee Claims part is CIC.
CIC means the FDIC paid WMI for WMB.
WMIH is due to complete the Merger with NSM.
The GSA needs to be closed before the NSM Merger is completed.
No "Final Payment" for "WMB and it's assets", then No GSA, No WMI Reorganization, No WMIH because WMIH is a result of the WMI Reorganization.
Yes, the NSM Merger will happen on schedule because CIC happened.
$$
The Deadline for Meet and Confer was July 17th.
IMO, No depositions were needed because CIC-SJ was settled with Meet and Confer.
http://www.kccllc.net/wamu/document/0812229180322000000000003
Thank you Dmdmd.
BUMP;
4) All closed/failed banks were equal in the amount of damages (although in reality WAMU was probably the lion's share of the damages)
MO...Conclusions as of 25Jul2018:
1) FDIC was the plaintiff who sued the 16 defendant banks on behalf of all the failed banks such as WAMU
2) JPMC is involved in the LIBOR and ISDAfix scandals.
3) I don't know the progress in either case, but if there is a settlement from either case then WAMU/WMILT will be a beneficiary of those settlements.
4) The damages in each case are astronomical, so it is in the best interest of all defendants involved to come up with settlements.
No Notice of Deposition have been filed;
Due date for Notice of Deposition regarding Employee Claimants was July 24th.
See PDF page 4.
http://www.kccllc.net/wamu/document/0812229180322000000000003
http://www.kccllc.net/wamu/document/list/3853
CIC.
Thanks Johnny, My understanding is,
LB is resolving issues. FNF has resolved issues and has started to move.
The fact that WMIH is a week away from closing a Merger with NSM is telling. IMO, the WMI/WMB LIBOR issues are resolved.
as I said is another post;
***
The GSA needs to be closed before the NSM Merger is completed.
No "Final Payment" for "WMB and it's assets", then No GSA, No WMI Reorganization, No WMIH because WMIH is a result of the WMI Reorganization.
AZ, What happened the day before NSM Merger announcement?
WMIIC was/is part of the WMI Reorganization, 15-G.
Yes, the NSM Merger will happen on schedule.
$$
Johnnyiwantsome, Any News Regarding LIBOR?
IMO, LIBOR settlement is the final chapter in closing ABS/MBS issues for the FDIC, Lehman Brothers, WMI/WMB, Thornburg Mortgage, and others vs. the big Banks JPM, BofA, WF, and others accused-guilty of currency-LIBOR manipulation.
This is why these banks have been raising extra money thru Bond offerings.