Mr Cooper Group Inc (COOP)

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FDIC Procedures - 360.6 & 360.7

Caution-before reading understand replies=day so night or night so day

These ares discuss financial assets transferred-securitization/participation then post insolvency issues to Creditors with proven claims

https://www.fdic.gov/regulations/laws/rules/2000-7800.html


Yes, COURT DOCKET NUMBER 9301 - FILED 1/3/2012

http://www.kccllc.net/wamu/document/0812229120103000000000017

“Here, although the Trusts were “issuing entities,” they were not the “issuers” of the securities as a matter of law. The “issuers” were the depositors, WaMu Asset Acceptance Corp. (“WAAC”) and Washington Mutual Mortgage Securities Corp. (“WMMSC”), both wholly-owned subsidiaries of Washington Mutual Bank (“WMB”). Accordingly, the “issuers” of the securities were indeed affiliates of the Debtors. The correction of this error of law will lead to the proper subordination of Tranquility’s claim.”


RELIEF REQUESTED
9.
The Committee seeks to alter or amend that portion of the Court’s Opinion and Order in which the Court ruled that the Debtors have not stated a basis for subordination of the Claim. The Committee requests entry of an order finding that WAAC and WMMSC were the issuers of the Certificates, and that because WAAC and WMMSC were affiliates of the Debtors under section 101(2)(B) of the Bankruptcy Code, section 510(b) applies to subordinate the Claim.

CREDITOR INVESTORS = NO ESCROW SHARES- Thus NO MORE HOPE!
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EQUITY INVESTORS = an ABUNDANCE OF ESCROW SHARES=IMHO, GOLDEN

HAVE I TOLD YOU LATELY HOW MUCH I LOVE MY ESCROW SHARES?