Mr Cooper Group Inc (COOP)

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REAL STATUS - RECOVERIES OVER WMILT DISCLOSURES

INFORMATION

The WMILT represents the residual interests' of classes in the bankruptcy of WMI and WMIIC (co-debtors). Any residual assets, remaining after claims settlement of all classes prior to equities, would then be distributed to what is generally referred to as 'escrows. Based upon the most current information by the WMI Liquidating Trust (with Fiduciary responsibilities vested in the Liquidating Trustee and Trust Advisory Board and reports quarterly and annually with the US Court of Bankruptcy District of Delaware and the Securities and Exchange Commission (“SEC”)), the following range of recoveries are calculations based on the assumptions forwarded:

WMI/WMIIC Debtors bankruptcy is unrelated to the Kmart bankruptcy.

Background: The calculations depend on the remaining assets after resolution of all estimated recoveries (the largest are tax refunds which are allocated 80% to JPMorgan Chase and 20% to the WMILT per the Global Settlement Agreement (“GSA”) and converted in to cash) and resolution of all claims (some via Appellate Court litigation in process or via claims resolution at the US Court of Bankruptcy District of Delaware and paid in cash).

Note: The recoveries will come after the PIERS (and other creditor classes) are paid in full. As was disclosed by the mediated settlement agreement, equity listed the terms and conditions of 'fair and reasonable. The detailed Equity Support filing for the Plan confirmation has materialized as stated. The important participation of shareholders in the reorganized debtor being the real reward; reorganized debtor with $6B of unrestricted NOL carryforwards. Such details of the settlement, in the Disclosure Statement, was also mirrored and referenced in the ballot instructions for shareholders to decide to accept the 7th Amended Plan and RELEASE.

Additional Notation: The numerator, as per the above, is denominated by all classes of equity for the following calculations; the former P's, the TPS Preferred with the equivalent face, the K's and the Commons; with allocations to preferreds and commons as per the 7th Amended confirmed plan. The K's scenarios are not stated below, but owners of such that understand the relationship of the K's to the P's can easily calculate such recoveries under the two scenarios using mathematics.

These are factual, realistic, common sense recovery calculations based upon the actual WMILT public filings.

Scenario 1. THE TOTAL WIN CALCULATIONS: ALL “Estimated Recoveries (as per Valuation Research, consultants to the WMILT) are “fully realized” and ALL "Disputed Claims" FAIL (further, providing that the budgeted administrative expenses get all expended; if not, this calculation would increase by the unexpended remaining budgeted administrative expenses).

P's - $7.23
Commons - $0.014

Scenario 2. THE 100/50 SPLIT WIN CALCULATIONS: ALL “Estimated Recoveries (as per Valuation Research, consultants to the WMILT) are “fully realized” and 50% "Disputed Claims" FAIL (further, providing that the budgeted administrative expenses get all expended; if not, this calculation would increase by the unexpended remaining budgeted administrative expenses).

P's - $4.06
Commons - $0.008


iHUB BOARD FORUM

The WMIH title (the stock symbol of the reorganized debtor) includes posts regarding WMIH (now listed on the NASDAQ) and 'escrows interests (as described above). Numerous theories of hidden assets and asserted recoveries of hundreds of billions are routinely made with no factual support; invoking the obligation to keep track of such theories and hidden asset assertions still being purported and comparing such to the actual recoveries from such.


DAILY STATUS - RECOVERIES OVER WMILT DISCLOSURES






RECENT ASSERTED HIDDEN ASSET AND RECOVERY THEORIES DEBUNKED

...the $365 BILLION (now found, because there was more than the $299 BILLION in WMB assets that was reported) and,

...the $299 BILLION (recently found, representing all of the assets of WMB that will be coming back because the FDIC-R (with no available funds or appropriations) and/or JPM (out of the goodness of its' heart) are going to 'ignore their releases and simply pay the WMILT) and,

...the $240 BILLION (in portfolio loans of WMB because JPM only bought the 'servicing rights; despite JPM reporting the exact portfolio loans, net of "adjustment by the assuming bank per the P&AA," (note, adjustments made for the WMB period 7/1/2008 to 9/25/2008) and reported such in its' AUDITED annual financial statements and regulatory SEC filings in 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015 and forward).

...the $165 BILLION (in Mortgage-Backed Securities, based on the Deutsche Bank litigation against the FDIC (primarily) on behalf of Trust owners that bought the securities "mortgage-backed" by WMB 'sponsor mortgage loans SOLD, but are asserted to be off-balance, then found in 2015 by JPMs annual report and then lost again) and,

...the $151 BILLION (unknown, disappeared and never found, but existed; actually represents the amount on the FDIC-R website and represents the FDIC-C subrogated claim on behalf of insured deposits, which claim was paid when JPM "assumed ALL DEPOSITS" including the uninsured deposits at the time it purchased substantially ALL ASSETS) and,

…the $151 BILLION (now found again in JPM’s 8K regarding the reduction in cash (with a corresponding reduction in non-operating deposits and other assets), but really cash taken again from JPM customer deposit accounts and paid to the WMILT (no impact on JPM’s $220B market CAP for the $151 BILLION ‘hit; the financial markets apparently don’t know this yet), and, despite the remarkable recovery news, no 8K or mention by the Liquidating Trustee, the Liquidating Trust Advisory Board, the Litigation Subcommittee, Susman Godfrey (certainly on commission, best law firm on the planet); status in limbo as we await this “deposit” to the WMILT any moment), and,

…the $151 BILLION (found in another cave, the inception balance sheet; when the adjustments to assets is applied “to only one asset line item,” therefore it must be being held off-balance by the FDIC-R as they wait for all WMILT claims to be settled before they return such to the WMILT (no objection by WMB bondholders, senior and junior notes with little to ZERO trading value; they must have missed this discovery)).

…the $140 BILLION (from Dr. Sankarshan Acharya’s 2010 Objection valuation of WaMU’s equity worth; although there has been motion in the Court to reconsider his Objection and propose a change to the Confirmed Plan).

...the $132 BILLION (from JPM as they "shed assets" that will be given to the WMILT) and,

...the $100 BILLION (again, from JPM; actually going to be taken from JPM's customer cash deposits) and,

...the $30 BILLION (new assets JPM found from the rubble; really commercial apartment loan portfolio),

…the $32 BILLION - $8 BILLION (from the original petition (and ignoring the footnote), not per the court filed and bankruptcy court rules required 'Schedule of Assets; also completely ignored),

…THE $4 BILLION (recently “found” in WAMU Acceptance Corp. (which is an operating subsidiary of JPMorgan Chase after JPMorgan Chase acquired Washington Mutual Bank and WAMU Acceptance Corp. was a wholly owned subsidiary of Washington Mutual Bank at seizure and sale)),

…the BILLIONS in land under the branch banks.

…the BILLIONS in ‘silver and mineral rights.

…the BILLIONS from corporate taxes paid in Delaware (a tax haven) from new incorporations in Delaware asserted to provide funds to pay WMILT.

…and on and on and on.


WHERE ARE THESE HUNDREDS OF BILLIONS?

...at JPMorgan Chase; because they never bought them?

...why is it asserted that they are ‘coming back; well they clearly reported them as off-balance sheet, that's why?

...nope, now at FDIC-R; they were transferred there?

...why is it asserted that they are ‘coming back, well because they clearly "didn't" report them as off-balance sheet?

...is that “consistent logic,” nope; that is mutually exclusive logic and selective duality.

...at the debtors' estate? Asserted that they are in legal isolation; all of the mortgage-backed securities WMB sponsored and sold since 2005 are really still in limbo, were excluded from assets at the petition date (not used by WMB or WMI to ‘save the bank they were so secret).

...where, in WMIIC? Asserted that WMIIC is part here, part there, not really bankrupt although jointly administered with WMI in tens of thousands of court documents and its’ assets fully disclosed and reported from the petition date, to the date of the filing of the “debtors” schedule of assets, during the bankruptcy for liquidation of certain securities and at the effective date for the residual assets of WMIIC to the Liquidating Trust for payment of creditors (and yes, there were creditor claims filed against WMIIC; although it did not matters as WMIIC was an upstream guarantor of WMI obligations).

...any of the above ‘rillions ever disclosed by WMILT?

...nope?

...any of the above ‘rillions disclosed by WMIH?

...nope?



DO ENTITIES THAT FILE REGULATORY SEC FILINGS FRAUDULENTLY FILE REPORTS THAT OMIT HUNDREDS OF BILLIONS OF DOLLARS?

...nope?


HAS ANY PARTY IN INTEREST,

INCLUDING SHAREHOLDERS (INDIVIDUALLY OR IN AD HOC GROUPS),

FILED ANY ACTION (IN ANY JURISDICTION IN THE UNITED STATES, OR WITH ANY CIVIL, CRIMINAL (LAW ENFORCEMENT) OR REGULATORY BODY (SEC, FINRA)), OR WITH THE US COURT OF BANKRUPTCY DISTRICT OF DELAWARE,

REGARDING THE HIDDEN ASSETS AND ASSERTED RECOVERIES THAT ARE NOT BEING REPORTED BY THE WMILT IN COURT AND REGULATORY SEC FILINGS (I.E., ASSERTED THAT SUCH ARE FRAUDULENTLY FILED REPORTS) THAT OMIT HUNDREDS OF BILLIONS OF DOLLARS?

...nope?


NEXT, NEXT THEORY POST. EOM.