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Hope the recent runup can be substantiated. And not just a "head fake".
So if that's for Preferred. What are Commons supposed to receive out of the deal?
Large Green, it looks pretty obvious. They just need to "get the show on the road".
Hope Andyg59 stays on top of the situation and posts again to help keep Escrows holders informed. From that entire educational post, this stood out to me. "Mr Cooper is a 100% subsidiary of WMIH which is the holding company. Its not Mr Cooper NOL it is WMIH NOL contingent that the existing capital ratio remain intact."
BigBang, I hear you. That's a big reason I'm skeptical. And no guidance from those in the know.
So this saga could drag on indefinitely?
Is the closing of the Receivership sometime March 2021? If so, is that definite or any chance of further delays?
Will Rosen and Willingham be making statements confirming this soon?
LuckyPanda, I agree.
Be nice if some fellow-escrows-commons holders were esteemed attorneys and could offer some guidance on this. Or at least be related to some esteemed attorneys that could help us 'keep an eye on things". There could be a lot at stake here. I'd hate to see many of us get "screwed over" by some legal technicalities.
Large Green, is this $65 billion a part of the $86 billion Dr. A came up with?
yes Tickle, after all the years speculation, even a hint of something "fair and reasonable" coming to fruition for escrows would be "oh so nice".
Thanks LG for the clarification.
Large Green, I read it again. What am I missing? "if escrows aren't issued shares by the end of the year, COOP loses billions in NOLs tax advantages".
Large Green, so if escrows aren't issued shares by the end of the year, COOP loses billions in NOLs tax advantages. Is it as simple as that?
JPMC seems to be doing fine now. Time to pay off some long overdue debts.
Seems to me, this, at the very least, needs to be paid back to WMI.
"22 bill from WMB that was OWED to WMI from a loan (OWNED and LOANED), then add the 4.5 bill that was in a demand deposit acct in JPMC".
Why wouldn't it not be returned?
thanks garyhalvo.
MONICALAW, so are you saying escrows holders will or won't get REIT distributions by EOY? If so, are you saying it will likely be the very last day of the year? Or that the REIT payments for 2020 will come by 3/30/2021? I'm confused. Just curious, what entity, specifically, qualifies escrows holders for REIT status payments?
BBANBOB, what's "SO NICE!!!!!!!!!!!!!!!!!!!!!!" ? Please clue this dummy (me) in. I do appreciate all the sincere DD. Just wish some of it would come to fruition, at least once in a while.
dragoon76, is this your point? "Not sure anybody is, actually". Because you sure as hell don't claim to know any of the specifics, do you?
dragoon76, so "what's going on here"? I have a general idea. But short on specifics. Not sure anybody is, actually. If you are, please opine.
RD, thanks.
dragoon76, what's the dollar amount that's showing for escrows in your account? Regardless of your DD, it's likely the same as mine.
Royal Dude, is that significant for escrows?
What's wrong with giving a poster the opportunity to explain what they post?
Royal Dude, what does this mean for escrows? "We will deliver the notes in book-entry form only through The Depository Trust Company on December 21, 2020 against payment in immediately available funds."
BBANBOB, I do have some "friends in low places" LOL
Happy Holidays to you, MONICALAW.
Thanks MONICALAW. So you feel this mystery will be revealed by April 2021? And are you feeling good by what class 22 will discover?
BRING IT ON !
"PROVISION FOR TREATMENT OF COMMON EQUITY INTERESTS (CLASS 22) 25.1 Treatment of Common Equity Interests: Commencing on the Effective Date, and subject to the execution and delivery of a release in accordance with the provisions of Section 41.6 of the Plan, each holder of Common Equity Interests shall be entitled to receive such holder’s Pro Rata Share of twenty-five percent (25%) of (a) subject to (i) the right of election provided in Sections 6.2(b), 7.2(b), 16.1(b)(ii), 18.2(b), 19.2(b) and 20.2(b) of the Plan["
I thought the FDIC is NOT released. I agree, Willingham should be communicating some F and R guidance to escrows holders. Maybe he has some kind of a :gag" order that prevents that. Anybody know?
Where does Tepper fit in with all of this?
I simply don't have the contacts to get that done. I am hoping, some other escrows holders might be able to "pull it off". I think it could help "cut through" much of the speculation here.
I really don't know how this process works other than being "drawn out". But I would think a guy like Tepper ("Obviously, he still has his TON of Escrow Markers") could find out what's going on with possible escrows distributions. Has anybody heard "peep" from him on the subject of escrows distributions? If not, could somebody with some contacts, possibly, ask him and report back to us?
Where are the hedge funds in this escrows saga? If nothing substantial is coming to escrows, seems like the hedge funds would want to take some legal action against the FDIC. They have the resources to do that.
What a "circle jerk" getting anybody to simply give a reasonable opinion on where potential distributions could be coming from. Can't imagine why this is dubious.
BBANBOB, that's kind of snide remark. If you or anybody else believe so strongly that there's a cash distribution eminent, you should have something reasonable to support where it could be coming from. If not, it's probably dubious conjecture. RIGHT?
Where are the cash distributions predicted to be coming by the end of the year to escrows supposed to be coming from?