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Oberthal, That Deficit is JPM’s Responsibility.
The FDIC is still showing the WMB Notes as a deficit because JPM hasn’t paid for WMB and it’s assets yet!
When JPM completes the full book value purchase for WMB and it’s Assets as required by the DC Dual Track to WMI, then the WMB Notes will also be paid in full including all back interest payments by JPM.
The WMB Notes are Covered Notes.
Therefore the notes produce their revenue stream.
Ron
Because The FDIC Sued JPM.
On behalf of WMB because WMI sued the FDIC and won in Dual Track DC Court.
JPM is required to pay full book value for WMB and it’s assets.
Plus “Willful Misconduct”
The LIBOR litigation is all about settling the Derivative Market Meltdown of 2008.
The derivative contracts need to pay their insurance obligations (swaps) to the ABS/MBS Trusts generated by WMI/WMB for their losses.
Ron
Thanks Real777.
So few understand that the Derivative Market Meltdown Insurance policies haven’t paid up yet to cover ABS/MBS losses.
CDS/CMO are obligated to cover all of the Trusts losses.
The Trustee’s are required to keep the Trusts fully protected.
Please keep posting on this topic.
Ron
No BB0b. There was No Series R Dilution Issue.
There is No Such Thing as Dilution with a Fixed Number of Shares.
No new shares were to be created, therefore no dilution!
Another fictitious argument created by Alice.
No Dilution.
Series R holders are getting paid.
Therefore the UW’s should be paid
Series R was 3 million shares offering.
$1,000 FV, 7.75% interest. The UW’s received 1.5% of the interest payment.
$77.5-$1.5 = $76/2 = $38 in two dividend payments to Series R holders.
The dividend payments went away with BK.
But the Performance Payments continue through the life of the Trusts.
Again;
Series R made three payments a year.
Two dividend interest payments, and one Performance payment. The dividend interest payments went away with BK, but not the performance payments.
The UW’s still get their performance cut payments for services rendered.
What’s wrong with THAT?
Ron
LG, Totally Completely False Statement.
The Class 19 Underwriter’s for the Series R Preferred’s only had a Class 19 claim no matter what!
Alice totally made up for the dialogue about the Series R UW receiving a commons Class 22 claim.
Alice had no authority/standing/right to offer the UW a Class 22 Claim.
TOTAL BS BY ALICE.
Alice was (as a JPM operator) trying to derail the plan into litigation morass.
The UW were only keeping the current Plan 7 intact. All paid for by the WMILT/WMI. We covered all UW expenses.
Be thankful!
There was no issue with the Plan 6 to Plan 7 UW Stipulation.
More Total BS by Alice who was working for JPM.
I have valued your Series R Preferred at 4.9X.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697100
You don’t get other peoples property.
Ron
$1 Quadrillion Naked.
The Derivative Market is naked options.
The party writing the insurance policies doesn’t own/have the backing assets to cover the losses with assets like normal stock options.
A shell game. Compound fiat money.
That is why the derivative insurance contracts writer’s back in 2008 couldn’t cover their obligations.
Lehman’s lived on both sides of the fence regarding derivatives.
According to the US Treasury back in 2008 for residential mortgages was $13 Trillion of most where RMBS backed by derivative contracts to cover the losses of the insured bonds.
JPM wrote 57% of the derivative contracts.
From the WMB DB California we learn the loss ratio of 11.9% for the RMBS.
The Math (in Billions);
$13,000 x .57(57%) x .119(11.9%) = $881.79 Billion potential exposure for JPM to cover due to JPM’s derivative exposure.
s404; please go back and reread my posts
Ron
Not Correct s404.
Lehman Brothers Special Financing Inc a sub of Lehman Brothers Holdings Inc. ("LBHI").
All regarding Swaps and Derivatives insurance that the Trustees is required to provide to protect the Bonds, or did the derivative contract writer fail to cover the ABS’s claims loss?
2008 was a Derivative Market Meltdown caused by the Community Reinvestment Act forcing banks to make very risky loans that the banks didn’t want to make.
CRA; A legislation crime.
JPM wrote 57% of a $83 Trillion market Place.
I have presented the math regarding the losses JPM needed to cover.
What JPM, BofA, WF…, did was slow pay the Swaps and deplete the cash flow of Swaps recipients like LB, WaMu, F&F, and Bear Stearns and forced them into bankruptcy, or a cheep sale.
Therefore throwing the Swaps payments into confusion.
LIBOR!
Ron
Please See Attachment 7 of 4083.
Click on “7 Attachments” to expand the menu.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
This Settlement and Distribution is a template for all other Settlements and Distributions.
See the reference to the rules.
Ron
No Ray, The EC Gave Class 19 a Better Deal.
The History;
Your Series R (P) received $76 a year interest payment per share. Plus a performance payment of around ~$225 at the end of the year.
Three Million shares of $1,000FV equals $3B. Our Series R Claim.
Series R is non-accumulated, but perpetual from performance payments. With BK; the interest payments die, but not the performance payments. The trusts are backed by insured performing ABS.
You will not receive any back interest payments.
Your Expectation;
$76 x 16y = $1,216
Now add in FV of $1,000
$1,216 + $1,000 = $2,216
2.216X FV.
Because of the Retained Earnings created by the EC from the February MOR of $20.78B.
My Expectation;
Using FJR of 1.95%;
$20.78B x .0195(1.95%) x 16y = $6.48B interest generated on RE.
$20.78 + $6.48 = $27.26B
That’s 2.726X FV per share.
I have two reasonable data points to calculate the area under the curve.
My current conservative performance payments accumulation is 2.2X of FV over the past 15 years.
Just Smile!
2.726X + 2.2X = 4.926X per share.
The EC covered past interest payments from the RE with a bonus.
Same for TPS and Series K, but no performance payments.
LIBOR adjustments for all three.
Ron
Paying all Legal Fees is Proof of Solvency.
Yes Lehman’s is a going concern.
Lehman’s only fell into bankruptcy because JPM ran out of money to pay Lehman’s on the evening of September 14, 2008.
JPM was and is bankrupt.
Too many derivative contracts exposure to cover. Back in 2008, JPM derivatives contracts exposure to cover losses was $700 Billion.
Please read my posting history.
I have explained it before. I mainly post on IHUB COOP MB.
I know the history.
Ron
So stockanalyze;
You are behind the DD curve.
Not my job to educate you.
I gave you very important information to track regarding your investments.
When you understand the Derivative Market Meltdown of 2008, then you will understand.
Ron
The Derivative Market Needs to Pay Up.
I find it interesting that I posted two related posts on COOP, and on LEHNQ, FNMA regarding the value of investments in ABS/RMBS.
I received no relevant response!
The point is that the performing ABS/RMBS make all four corporations solvent.
All four are awaiting the Derivative insurance contracts to pay up.
Resolution releases the accumulation of funds with interest for the ABS/RMBS.
Ron
The Derivative Market Needs to Pay Up.
I find it interesting that I posted two related posts on COOP, and on LEHNQ, FNMA regarding the value of investments in ABS/RMBS.
I received no relevant response!
The point is that the performing ABS/RMBS make all four corporations solvent.
All four are awaiting the Derivative insurance contracts to pay up.
Resolution releases the accumulation of funds with interest for the ABS/RMBS.
Ron
And WMI Owned CUISP 939322103 Share.
That share of WMB was abandoned by WMI to the FDIC to complete the GSA just before Plan 7 implementation as required by the Plan.
We await the payment for our Solvent Banking institution. The basic valuation has been established.
Two very solvent banks, Very Covered WMB Bonds, Insured ABS, and performing Subs.
AZ; I find it interesting that I posted two related posts here, and on LEHNQ, FNMA regarding the value of investments in ABS/RMBS.
I received no relevant response!
The point is that the performing ABS/RMBS make all four corporations solvent. All four are awaiting the Derivative insurance contracts to pay up.
All four are awaiting the Derivative insurance contracts to pay up.
Resolution releases the accumulation of funds with interest for the ABS/RMBS
Ron
NST. WMI Series R are Asset Backed.
I expect 2.2 face from the accumulation of past performance payments from my WMI Series R and Lehman’s Series P of the same kind.
Perpetual non-accumulating
Same for many F&F Preferred’s.
Three payments a year. Two interest payments and one performance payment.
Ron
Asset Backed Securities are Asset Backed!
Example;
The WMB Notes were backed by $26 Billion in assets to cover ~$13 Billion in Bonds.
Using the 11.9% loss rate established by Globic is;
$26B x (1-.119) = $22.906B to cover the WMB Covered Notes. The Notes assets paid for themselves.
Hence; Covered!
Job DONE!
Similar theme for the WMI Series R.
I have already explained/proven the Series R performance payments.
The same thing for all F&F’s asset backed Preferred's.
Covered and insured.
Or prove me wrong! 🤪
Ron
Asset Backed Securities are Asset Backed!
Example;
The WMB Notes were backed by $26 Billion in assets to cover ~$13 Billion in Bonds.
Using the 11.9% loss rate established by Globic is;
$26B x (1-.119) = $22.906B to cover the WMB Covered Notes. The Notes assets paid for themselves.
Hence; Covered!
Job DONE!
Similar theme for the Series R.
I have already explained/proven the Series R performance payments.
The same thing for Lehman’s Capital Trusts and many other asset backed Preferred's.
Or prove me wrong! 🤪
Ron
Retirement Funds Invest in Safe Cash Flow.
F&F both offered many RMBS insured bonds that retirement funds invested in.
ABS/RMBS were/are outstanding insured cash flow investments.
LIBOR litigation is all about back settling the unpaid derivatives insurance contracts from 2008 by the Big Banks.
Filed today
4081
“NOTICE OF VOLUNTARY DISMISSAL PURSUANT TO FED. R. CIV. P. 41(a)(1)(A)(i). Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, Procedure, Plaintiffs National Asbestos Workers Pension Fund, Pension Trust Fund for Operating Engineers, Hawaii Annuity Trust Fund for Operating Engineers, and Operative Plasterers' and Cement Masons' International Association Employees' Trust Fund (collectively, the "Plaintiffs"), by and through their undersigned attorneys, hereby dismiss this action in the above-captioned matter Nat'l Asbestos Workers Pension Fund v. Bank of Am. Corp., No. 1:15-cv-01334-NRB (S.D.N.Y.), without prejudice, against Defendants Bank of America Corporation; Bank of America, N.A.; Bank of Tokyo-Mitsubishi UFJ Ltd.; Barclays Bank plc; Barclays Capital (Cayman) Limited; Citigroup Inc.; Citibank, N.A.; Coperative Centrale Raiffeisen-Boerenleenbank, B.A.; Credit Suisse Group AG; Deutsche Bank AG; HSBC Holdings plc; HSBC Bank plc; JPMorgan Chase & Co.; JPMorgan Chase Bank, N.A.; Royal Bank of Canada; The Norinchukin Bank; The Royal Bank of Scotland Group plc; Societe Generale, S.A.; and UBS AG. Plaintiffs reserve all rights to make claims as class members in any future class settlements in the above-captioned MDL litigation as appropriate. So ordered., (Bank of Tokyo-Mitsubishi UJF Ltd., Barclays Bank Plc, Barclays Capital (Cayman) Limited, Barclays Capital (Cayman) Limited, Citibank, N.A., Citigroup, Inc., Cooperatieve Central Raiffseisen-Boerenleenbank, B.A., Credit Suisse Group AG, Deutsche Bank AG, HSBC Bank PLC, HSBC Holdings plc, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., Royal Bank of Canada, Societe Generale, S.A., The Norinchukin Bank, The Royal Bank of Scotland Group PLC, UBS AG, UBS AG, Bank of America Corporation and Bank of America, N.A. terminated.) (Signed by Judge Naomi Reice Buchwald on 6/24/24) Filed In Associated Cases: 1:11-md-02262-NRB, 1:15-cv-01334-NRB”
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
Retirement Funds Invest in Safe Cash Flow.
Lehman’s is a Investment Bank for safe investors.
ABS/RMBS were/are outstanding insured cash flow investments.
LIBOR litigation is all about back settling the unpaid derivatives insurance contracts from 2008 by the Big Banks.
Filed today
4081
“NOTICE OF VOLUNTARY DISMISSAL PURSUANT TO FED. R. CIV. P. 41(a)(1)(A)(i). Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, Procedure, Plaintiffs National Asbestos Workers Pension Fund, Pension Trust Fund for Operating Engineers, Hawaii Annuity Trust Fund for Operating Engineers, and Operative Plasterers' and Cement Masons' International Association Employees' Trust Fund (collectively, the "Plaintiffs"), by and through their undersigned attorneys, hereby dismiss this action in the above-captioned matter Nat'l Asbestos Workers Pension Fund v. Bank of Am. Corp., No. 1:15-cv-01334-NRB (S.D.N.Y.), without prejudice, against Defendants Bank of America Corporation; Bank of America, N.A.; Bank of Tokyo-Mitsubishi UFJ Ltd.; Barclays Bank plc; Barclays Capital (Cayman) Limited; Citigroup Inc.; Citibank, N.A.; Coperative Centrale Raiffeisen-Boerenleenbank, B.A.; Credit Suisse Group AG; Deutsche Bank AG; HSBC Holdings plc; HSBC Bank plc; JPMorgan Chase & Co.; JPMorgan Chase Bank, N.A.; Royal Bank of Canada; The Norinchukin Bank; The Royal Bank of Scotland Group plc; Societe Generale, S.A.; and UBS AG. Plaintiffs reserve all rights to make claims as class members in any future class settlements in the above-captioned MDL litigation as appropriate. So ordered., (Bank of Tokyo-Mitsubishi UJF Ltd., Barclays Bank Plc, Barclays Capital (Cayman) Limited, Barclays Capital (Cayman) Limited, Citibank, N.A., Citigroup, Inc., Cooperatieve Central Raiffseisen-Boerenleenbank, B.A., Credit Suisse Group AG, Deutsche Bank AG, HSBC Bank PLC, HSBC Holdings plc, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., Royal Bank of Canada, Societe Generale, S.A., The Norinchukin Bank, The Royal Bank of Scotland Group PLC, UBS AG, UBS AG, Bank of America Corporation and Bank of America, N.A. terminated.) (Signed by Judge Naomi Reice Buchwald on 6/24/24) Filed In Associated Cases: 1:11-md-02262-NRB, 1:15-cv-01334-NRB”
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
nhtrader; Can You Supply a Hard Date?
We all know that JPM didn’t ‘buy’ WMB for $1.88B. We all know that was just an admission fee. The FDIC told us!
We all understand your frustration because we are living it too.
Ron
Asset Backed Securities are Asset Backed!
Example;
The WMB Notes were backed by $26 Billion in assets to cover ~$13 Billion in Bonds.
Using the 11.9% loss rate established by Globic is;
$26B x (1-.119) = $22.906B to cover the WMB Covered Notes. The Notes assets paid for themselves.
Hence; Covered!
Job DONE!
Similar theme for the Series R.
I have already explained/proven the Series R performance payments.
Or prove me wrong! 🤪
Ron
Retirement Funds Invest in Safe Cash Flow.
ABS/RMBS were/are outstanding insured cash flow investments.
LIBOR litigation is all about back settling the unpaid derivatives insurance contracts from 2008 by the Big Banks.
Filed today
4081
“NOTICE OF VOLUNTARY DISMISSAL PURSUANT TO FED. R. CIV. P. 41(a)(1)(A)(i). Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, Procedure, Plaintiffs National Asbestos Workers Pension Fund, Pension Trust Fund for Operating Engineers, Hawaii Annuity Trust Fund for Operating Engineers, and Operative Plasterers' and Cement Masons' International Association Employees' Trust Fund (collectively, the "Plaintiffs"), by and through their undersigned attorneys, hereby dismiss this action in the above-captioned matter Nat'l Asbestos Workers Pension Fund v. Bank of Am. Corp., No. 1:15-cv-01334-NRB (S.D.N.Y.), without prejudice, against Defendants Bank of America Corporation; Bank of America, N.A.; Bank of Tokyo-Mitsubishi UFJ Ltd.; Barclays Bank plc; Barclays Capital (Cayman) Limited; Citigroup Inc.; Citibank, N.A.; Coperative Centrale Raiffeisen-Boerenleenbank, B.A.; Credit Suisse Group AG; Deutsche Bank AG; HSBC Holdings plc; HSBC Bank plc; JPMorgan Chase & Co.; JPMorgan Chase Bank, N.A.; Royal Bank of Canada; The Norinchukin Bank; The Royal Bank of Scotland Group plc; Societe Generale, S.A.; and UBS AG. Plaintiffs reserve all rights to make claims as class members in any future class settlements in the above-captioned MDL litigation as appropriate. So ordered., (Bank of Tokyo-Mitsubishi UJF Ltd., Barclays Bank Plc, Barclays Capital (Cayman) Limited, Barclays Capital (Cayman) Limited, Citibank, N.A., Citigroup, Inc., Cooperatieve Central Raiffseisen-Boerenleenbank, B.A., Credit Suisse Group AG, Deutsche Bank AG, HSBC Bank PLC, HSBC Holdings plc, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., Royal Bank of Canada, Societe Generale, S.A., The Norinchukin Bank, The Royal Bank of Scotland Group PLC, UBS AG, UBS AG, Bank of America Corporation and Bank of America, N.A. terminated.) (Signed by Judge Naomi Reice Buchwald on 6/24/24) Filed In Associated Cases: 1:11-md-02262-NRB, 1:15-cv-01334-NRB”
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
Washington Mutual Bank Never FAILED!!
The FDIC had no authority to request the seizure of WMB.
WaMu was fully funded, and covered the all depositors withdrawals. With another $10 Billion coming in five days.
WMBfsb had another $40 Billion in cash reserves.
WaMu was the target of Project West by JPM with help from the FDIC.
We released JPM for “Willful Misconduct”, which is legal language for Civil RICO. Rendered with a multiple on the valuation.
JPM was bankrupt due to their Derivative contracts as insurance to cover the ABS.
JPM’s ABS exposure was ~$700 Billion.
The government didn’t have the money bailout JPM.
The government needed WMI’s cash and assets to cover JPM losses.
I think someone is spinning around in circles in a cornfield.
Ron
Absolutely Not JPMC.
XXXX the former (WMIH) went dark (Private) due to litigation by SEC rules, and was Eclipsed by the newly created registrant WMIH Corporation the latter that merged with NationStar then renamed Mr Copper (COOP).
WMI Holdings Corporation the former is the Parent.
JPM and the FDIC lost the Dual Track in DC.
Ron
Who is (y) and (z)?
“The Parties acknowledge and agree that (y) the Loans are the only loans that are or will be, from and after the Effective Date, serviced by the JPMC Entities (or their Affiliates) for the WMI Entities (or their Affiliates or their successors in interest) and that the Service Agreements are the only servicing agreements between the JPMC Entities (or their Affiliates) and the WMI Entities (or their Affiliates) and (z) with the exception of the obligations set forth in this Section 2.19, the JPMC Entities (and their Affiliates) shall have no further obligations or liability to any of the WMI Entities (or their Affiliates) with respect to or in any way related to the servicing of any loans for the WMI Entities (or their Affiliates).”
That is one heck of a long sentence!!!!
Ron
4) ? Please Tell Us More.
I’m not saying that you are wrong, please just justify the dates.
TIA,
Ron
Filings for Upstream Issues Discovery is Due 10/2.
Upstream Issues is the currency manipulation of the LIBOR interest rates.
Criminal RICO.
Ron
Fairness Hearing set for 10/17/2024.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
Real7777, Please see My Post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174590100
Lehman’s, WaMu, and F&F are all in the same boat.
You are one of the few posters that understand the Derivative Market Meltdown of 2008.
The ABS/MBS/RMBS insurance contracts need to pay up.
Friday Happy Hour contact?
Ron
The Credit Default Swap’s Needs to Pay Up.
Lehman’s, WaMu, F&F, the CDS derivative insurance is all the same.
The CDS needs to cover their contracts for the ABS/MBS/RMBS.
One who understands the CDS’s;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174584167
Exchange Lehman’s for WMI/WMB, the concept is the same.
Many/most ABS/MBS/RMBS are LIBOR based.
Watch the docket;
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
JPM was/is a major derivative writer insuring our ABS’s.
JD; No payment, no release. My 41.6 “Willful Misconduct” release in good faith is only consummated by payment in full.
That is why I responded to the fact that our release is only for JPM 2008 BOD. No future JPM executives.
Ron
When? Please See My Sticky Post.
41.6 “Willful Misconduct” is limited to the 2008 JPM BOD.
No future JPM executives are released for “Willful Misconduct”.
JD is making his exit from JPM.
No need to say more.
JD needs this to close so he can retire and not be thrown under the bus by the other members of the 2008 BOD.
Project West.
Ron
Please edit your post.
You have the time.
16 not 26 years
That’s Not Truly Correct.
The statement is only correct because JPM hasn’t officially paid for WMB and it’s Assets yet to satisfy WMI’s Receivership Claims against the FDIC.
The FDIC receivership claim goes away against WMI as the FDIC becomes responsible to the WMI Receivership claim against the FDIC when JPM makes payments to close the P&AA and the GSA.
JPM will be satisfying the FDIC receivership claim against WMI with payments to the FDIC.
The FDIC claim is $14.8 Billion and not what you stated.
WMI/WMB was solvent, and still are.
JPM and the FDIC lost the Dual Track.
Ron
Oberthal; You Will Know Before.
When the FDIC ready to Close the WMB Receivership because your brokerage account will already be fat.
And all that the FDIC will say is that they closed the Receivership after having paid all the Dividends.
If it makes the news, JPM will sell themselves as the hero that saved the World.
Again!
Ron
BOBBYEA; Here is the Court’s Link.
With a new filing today, related to five different cases, and the day isn’t even over yet.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
And LIBOR is Nearly Completely Settled.
The Retained Earnings should be released first from the FDIC stranglehold on WMI assets.
Around 2.7X face to Class 19 claimants.
Soon the same for Safe Harbor Assets released from the Receivership.
2.2X more for Series R.
WMB was solvent!!
Now add in 41.6 “Willful Misconduct”.
Ron
Same Statement by the FDIC Every Time.
“The Receiver has fulfilled its obligations and made all dividend distributions required by law.”
By example;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174558662
Ron
Actually It Takes Place the Other Way Around.
• All Dividends are paid out to satisfy all Claimants. WMI has a claim against the FDIC.
• After all Dividends have been paid out, then the FDIC can move close the books of the Receivership and officially close the Receivership of WMB.
It’s the FDIC’s responsibility to collect the payment from JPM for WMB and it’s assets, and the 41.6 “Willful Misconduct” payment for Damages as dividend payments to WMI.
Or the FDIC is responsible for the payment!
• The dividend payments to WMI for WMB and it’s Assets closes the P&AA. Closure of the P&AA releases the Safe Harbor assets and all other assets like the Retained Earnings held captive by the government.
Then the FDIC can be released.
ND9 has posted the language used by the FDIC for closure of a Receivership.
Ron
It’s All About Property Rights.
You don’t get other peoples stuff for free.
NationStar/COOP has no right to WMI’s properly other than that was used by WMI (WMIH-P) to fulfill the acquisition.
Merger/Acquisition;
WMIH (the latter) merged with NationStar, and WMIH-P (the Former) acquired NationStar.
Yes there were two Different WMIH Corporations. WMIH-P created WMIH to merge with NationStar.
Ron