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There was an option to receive limited shares in one of the choices
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With Biden's Cap Rate going to 45% after year 2024, I would say this is proof distributions coming in year 2024
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Split T, here are the facts with the P&A
Split T, you said the following to poster, Pickstocks
As a matter of fact, JPM only made an initial down payment of $1,89 Billion. The hundreds of Billions of the balance is pending and waiting adjustments, including LIBOR, when the Receivers closes the Receivership. It makes no difference to me whether JPM pays me or the FDIC.
Because of Jessie Brays 63 Million golden parachute payout on a change of management I suspect his payout will be when JPM takes control in the near future.
I see from you previous post you dabbled in Fortress Stock, that certainly helps explains your position and negativity....Wow! No escrow shares. I would be jealous too.
Carry on with your nonsense as it mean nothing to me nor my friends.
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WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
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[b]The part of the Treasury yield curve that plots two-year and 10-year yields has been continuously inverted - meaning that short-term bonds yield more than longer ones - since early July 2022. That exceeds a record 624 day inversion in 1978, Deutsche Bank said in a note on Thursday.
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TIMELY SIGNED RELEASORS = DST BENEFICIAL/DISTRIBUTION RECIPIENT
***By MARCH of YEAR 2012***
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Very good point Newflow but knowing how things always end up being less than more, I chose to be very conservative, so let’s hope for around 100B
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Bill, I would say a minimum of 15 to 30 billon at 75/25
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Ron, you said the following.
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Yes the Reorganized Parent is fully intact.
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What name are you calling the Reorganized Parent?
Ron, obviously you do not know the name as that was the question.
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Ron, you said the following.
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Yes the Reorganized Parent is fully intact.
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What name are you calling the Reorganized Parent?
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Ron, so it seems you believe WMI is still alive?
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Hey Fred, does the following mean a LIBOR settlement now within weeks to days from announcing due following ruling?
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Former traders Tom Hayes and Carlo Palombos LIBOR convictions upheld by Court of Appeal
Mukul Chawla KC was Leading Counsel instructed by the Serious Fraud Office in R v Tom Hayes. Mukul conducted that trial for the prosecution together.
The "Rigged" book released, Hayes and Palombos appeals denied for good, UK public is fully aware of the LIBOR issues. FDIC asked the court to hold attack-fire "protective order" and the judge gladly approved the motion to see whether the parties pull together a settlement.
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Yes, good point but even that is narrowed down greatly from what it was from the get-go.
I say we may find out something almost any day but could be as long as mid 2025 to mid 2026.
Hopefully, the election is playing a role to either get this started and/or over with before the election.
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Ron, yes, all investors who signed timely releases will do just fine with more than likely life-changing wealth. However, there will be some that do better than others.
One nice caveat is I believe we all agree with this summation.
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I can assure you AZCowboy does NOT know who XXXX is or he would have told you long ago. He knows there is another participant but he does not know for sure who that is!
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Both may work hand-in-glove on the timing
I am hoping for a huge break this year however, I would say between late 2024 and the first half of year 2026.
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And BENEFICIAL RECIPIENTS
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JJW, you said the following,
NO ESCROW HOLDERS ANY MORE
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HOWEVER, there ARE TIMELY SIGNED RELEASORS!
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There is one thing that most of us agree with and that is we will all be good...
HOWEVER, some will be better than good depending on their decision-making, An example would be those who signed Preferred Equity Releases such as the UWs.
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Could have been two different numbers when I discussed the errors on my account back in mid-year 2012.
Used to but it became non working
Xoom, a couple of actions, I believe.
1) There are at least two or three separate buckets of distribution and they will not all be at the same time
2) I believe COOP needs to issue Non-Reverse Split Preferred Equity Interests to timely signed releasors at a ratio of 1-1 and 36M shares of Common Equity Interests to timely signed releasors
3) JPM must pay timely signed releasors book value for what they took as specified in Amended POR 7 signed on 2/23/2012
4) Then I believe WMI is still alive in a DST where most of the Safe Harbored monies reside and that will come back in the form of non-public traded securities based on what your original investment was and can only be sold back to WMI as this will represent the Estate ownership and they do not want it to fall into public hands
5) Hopefully, we see developments in the second quarter of this year
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JHD51, you are correct. I had to speak with a lady from WMILT as they had some wrong information on my account. She returned my calls promptly and ensured the account was correct. All timely signed release and W9 went to the exact same address.
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The ONLY thing that is re-written is AZC re-writing his HISTORY!
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MyPlace, at some point COOP will have to explain who the new client they boarded as there are SEC ACT 34 requirements. Assuming this was boarded in the second quarter, then more than likely would have to report it with their second quarter report and yes that is about a month after the close of the second quarter but most likely will be reported during the second quarter when they signed agreements to take this business.
Normally for a Material Event and I have to assume this 90B would be material, then they would have four business days to report from the agreement date. There are some assumptions here but if they continue to hide something of this magnitude, they will only be digging a negative hole that does not make sense.
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1Q 2024 saw 52 bulk MSR transactions, COOP's biggest ever, up 50% from a year ago. COOP is the preferred buy for many MSR sellers. PYRO makes COOP the quickest and most accurate buyer.
"In addition to the new client we onboarded" ... (no mention of the name again ...)
$100Billion expected to be added in 2Q, split between MSR's and sub-servicing.
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Xoom, yes one of the two new guys but how does he know that he has Trust accounts and/or timely signed releases by 3/2012 as he posited other than assuming?
The reason I would like confirmation is because if accurate this is as close as we have been all these years to confirmation of distributions to those who signed a timely release by 3/3012!
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MadBadger, second request as you posted the following.
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2 New Executives!,
Good morning Board, The Infamous Kevin Barker from Piper Sandler always first in line to ask questions during Company conference calls and Ranjit from Wells Fargo! https://ih.advfn.com/p.php?pid=nmona&article=93699409
Two Major Shareholders and one of them holds Trust accounts of the Estate. Wow! This is Huge!
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Please show or explain where you found or came by the information you posted regarding two major shareholders and one of them hold Trust accounts of the Estate. This his not in the filing you posted
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NDT, I do not see it either unless he said it during the CC this morning but surely other people would have heard it as well.
No other comments regarding this potentially huge revelation.
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More filings.
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
4021. MOTION for Disbursement of Funds AFTER DETERMINATION OF REASONABLE
FEES DUE, IF ANY. Document filed by David Klusendorf. Return Date set for 5/6/2024 at 11:59 PM.
1. Supplement Notice of Motion
2. Affidavit Affirmation in Support of Motion
3. Supplement Memorandum of Law
4. Exhibit A Order
5. Exhibit B Affirmation of David Klusendorf
6. Exhibit C Retainer Agreement
7. Exhibit D Invoice
8. Exhibit E- Petition for Fee
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XOOM,
1) JPM is responsible for the 15B in (SD) now grown to about 34B
2) The SD was placed in Tranche Five (Equity last in line for spoils tranche 6) of the now officially closed and terminated WaMu bk cases effective Jan 20, 2020
3) JPM is also responsible for all of the assets they purposely took from the former WaMu Estate and must pay Book-Value for them such as 24B in shelf-ready MBS assets plus much more as it was illegal to seize the WaMu Holding company in year 2008
4) JPM was ONLT to receive Servicing fees for handling the 650B in 2008 MBS assets
5) So, much more to come at some point BEFORE JPM CEO Dimon departs in late 2026 OR BEFORE
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Newflow, here you go.
The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
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newflow, this was NOT Rosie speaking it was a lawyer for Akim Gump making the equity statements and the EC can go after it later as it will still be there.
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Boris, keep the following in mind in relation to Dimon’s departure from Chase as CEO and timing of distributions.
Dimon said first around March 2023 that he would probably be gone in three and one half years.
Think about that statement. Most people would say three or four years, in a few years, three years or even four years but he made a precise timeframe of three and one half years from March of year 2023.
So that would be in September of the year 2026. Hmmm, the very month they legally stole the 100 plus year conglomerate called WaMu.
I have always said Dimon will not leave the helm until he sees distributions as he and his cronies will make more off of their signed releases than in all of their years of salary and bonuses times a few in my view.
So the timeline my view for distributions is sometime between September of year 2024 and August of year 2026.
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The following posts show AZC suggests his XXXX he is always referring to is JPMC but it does not matter whether that or WMI or similar. The XXXX simply does NOT matter for our point of conversation but rather the alignment of a Grandfather or similar or yet to be announced name via a potential merger with WMI.
What it does prove is AZC is more aligned with some of us than NOT but cannot bring himself to admit this fact.
Re: AZCowboy post# 724521
Thursday, March 14, 2024 11:10:35 AM
Post# of 724530 Go
So you are suggesting 2 separate subservicers. Nationnstar servicing old Wmih mbs and other assets and Coop a subserviver of everything new? Both of which are owned by Wmih, with the parent company of xxxx? That could explain, i think, where our distributions might be released from.
AZCowboy
Re: johnlconfer post# 724516
Thursday, March 14, 2024 10:47:54 AM
Post# of 724530 Go
~ John, (Yes, answering John) ... So, now with COOP as an acquired loan servicing sub grouping (in 2018), the FDIC can and will be able to complete the seized WMB's sale to JPMC. WMI's producing sub's were intertwined with producing Trusts embedded within WMB. (the WMB Bonds, reveal the process) ... ~
early on in the Chpt 11 (Oct 2008), M Goldstein and B Rosen filed to include the WMI' (separate) producing subs into the WMI Holding Company's BK (Filed as Docket # xxxx) ... Judge Walrath "denied" that motion, and specified that those Subs would continue to function, separated from the WMI Holding Company's Chapter 11 filing and eventual reorganization in 2012' ...
... I believe that M Willingham and his financial backer, Venerable, also saw this happening back in 2008' at the same time that ol' cactus did ! ! ... (he' approached Joyce to be able to represent equity') ... now due to the Judges actions, the subs have continued to function throughout' ... pre and post WMI's BK ... now with the acquired sub grouping NationStar as the servicer, reporting as a corporate registrant only' ... NationStar Mortgage LLC being reported by an SEC allowed registrant for the entire corporate structure is hilarious LOL ...
the Preferred Managing Sub, cash in and cash out ... also PROVES this' as its SEC trackable pre and post BK submissions ... as a sub of WMI and then of WMIH ...
the specifically settled GSA was between WMI and the FDIC only', (JPM was allowed to be an intervenor only', but never needed to take any action) ... is the rest of the proof is revealed in Docket # xxxx as well as docket # xxxx ...
just sayin'
AZ
AZCowboy
Re: clintonj post# 724522
Thursday, March 14, 2024 11:21:13 AM
Post# of 724530 Go
~ Keep Up The Good Work, You Make Me Proud of You ! ! ~
the Proof and the original Chapter 11 Docket Filings, have now all come together within an elaborate initiated process' ...
the continuing of the WMB Bonds to function, ... The continuation of the WMI / WMIH Preferred Managing Sub, ... the Separated Capital Trust', etc ... and the need for the Reorganized Washington Mutual Holding Company, to eventually "Acquire" a loan servicing mechanism ... obviously now, NationStar and its Sub group "Acquired" back in 2018' ...
Have A Great Day
just sayin'
AZ
AZCowboy - YOUR VISION THAT CLASS 22 OWNS THE FORMER WaMu ESTATE & 75/25 OWNERSHIP IS LAUGHABLE
1) You also agree by your history of posts that the (OC) Ownership Change did not happen and/or does not matter
2) You further believe the Preferred and Common Prospectuses were not canceled and these carry on forward never being affected by the Delaware BK Court
3) You also believe the 75/25 ownership does not apply to Safe Harbor assets as class 22 owns all of this except for possibly two to four par coming for Preferred
4) So, let’s say I potentially agree with your posit then this means you have to agree to the following as one cannot cherry-pick whether the BK Courts affected the ownership rights of Safe Harbor assets or not
5) We know that in Oct of 2018, there was a Reverse Split applied at a 1-12 ratio to the common shares and the Preferred was NOT AFFECTED by the RS
6) So, using an example of 12,000 shares, then for every 12K shares you would now have 1,000 shares, and for every 12,000 Preferred shares you would still have 12,000 Preferred shares, so an ABSOLUTE TREMENDOUS difference in value for whatever comes back
7) Then of course for the kicker if that was not enough, since the former Prospectuses were not affected then that means Preferred still carries an OPTION TO EXCHANGE INTO COMMON SHARES at a very GENEROUS RATIO and sorry one cannot cherry-pick to make one’s case. Further, if the Prospectuses were not cancelled then Preferred is only entitled to $1,000.00 par Face Value….HmmmHmmm
8) So, again, do I need to explain why the PREFERRED are so much more well, PREFERRED
9) If you cannot comprehend the aforementioned, then maybe you can understand that the Reverse Split ONLY applied to common shares and not PREFERRED letting them maintain even much more, so well, THEIR PREFERRED STATUS HAS A HUGE PRIORITY by a 12-1 margin
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Sure as the company authorizes them but before they can be put to use there would have to be all the details including Face Amount
This save a company a lot of time when they are authorized before they actually need them by as much as two or three months. Plus they can quietly do it after time has pass because most people would have forgotten about them and just think they canceled their plans to use them. Less attention the better especially in this particular case and history
No Face Value attached YET but could be any denomination that works for the Big Money Players so could be 1K, 5K, 10K or more
They have had these authorized since the ED of March 19, 2012 so obviously they have had a plan for years and I feel the time is getting very close for them to put those shares to work. Yes, this is part of what we have been waiting for
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No, LG does not say there are ten million preferred authorized and shelf-ready shares available on a minute’s notice but the filings say this since the (ED) Effective Date of 3/19/2012 and again post Reverse Split (1-12) during October of year 2012 confirms the aforementioned!
So, get your facts straight. I have just educated some.
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Goodie, thanks for the clarification that assumes the ownership of assets at the 75/25 ratio would carry through, however ambiguous.
The ONLY reason this would be ambiguous with these highly trained and subject matter experts is because they planned it this way since Safe Harbor protected assets are not legally involved in an active bk case due to being well, PROTECTED.
The asset ownership if legally had to be explained would obviously (in my opinion) be in one of the 800 plus sealed document clarifying the ambiguous documents.
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I believe you are wrong and this is why.
1) The company filed two cases in the bk court
2) Then the bk court would have 100% control of the cases and even though theses cases are officially closed the Delaware Court still carries the power should anything come forward regarding same cases
3) All Safe Harbor protected assets mean are the Creditors do not have access to them snd these assets while not acknowledged by the court in an active bk case still come under the jurisdiction of the Delaware bk court since the filings happened there
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