Mr Cooper Group Inc (COOP)

[ItsMyTurn]

okay...

I have been sitting on Escrow markers forever too. not a lot only 100k+. I Would love a payout but nothing yet... This has me curious: There is no 151 billion owed according to this audit. Where did it go? these numbers are in the 000's so all values are times 1000

This is from the FDIC: Failed bank Information website
[url][/url][tag]https://www5.fdic.gov/drrip/bal/balancesheet.asp[/tag]

Home > Industry Analysis > Failed Banks > FDIC Balance Sheet Summaries from Failed Banks > Failed Banks Info




Failed Bank Information WASHINGTON MUTUAL BANK - Receivership Balance Sheet Summary (Unaudited)

Fund Code: 10015
Failure Date: 09/25/2008
For Period Ending March 31, 2016
(in $000's)
Assets Current
Balance
Cash and Investments $ 2,755,078
Due from FDIC Corp and Receivables 358
Assets in Liquidation 0
Estimated Loss on Assets in Liquidation (1) 0



Liabilities Current
Balance
Administrative Liabilities $ 6,382
FDIC Subrogated Deposit Claim 0
Uninsured Deposit Claims 0
Other Claimant Liabilities 13,819,859

Unproven Claims 1,200
Total Liabilities (2) $ 13,827,441
Net Worth (Deficit) (11,072,005)
Total Assets $ 2,755,436

Total Liabilities and Net Worth $ 2,755,436
WASHINGTON MUTUAL BANK - Receivership Claims Detail Summary (Unaudited)
Proven Deposit Claims Claim
Balance %
FDIC Subrogated Claim $ 151,150,664 100%

Uninsured Depositors 0 0%
SubTotal - Proven Deposit Claims $ 151,150,664 100%
Less: Dividends Paid to Date 151,150,664 100%

Other Claimants Claim
Balance %
General Creditor $ 19,250 0.14%
Senior Debt Holders 6,077,557 43.98%
Subordinated Debt Holders 7,723,052 55.88%
SubTotal - Other Claimants $ 13,819,859 100%
Less: Dividends Paid to Date 0 0.00%
Total Unpaid Deposit Claims $ 0 0%

Total Unpaid Other Claimants $ 13,819,859 100%
(1) Valuation of Assets/Loss Allowances: Assets of the receivership are shown at values representing cash on deposit or the book value of amounts invested; the principal balance of loans, notes, other debt instruments or receivables (note that interest on these assets is not accrued after failure but is recognized when received); the foreclosed value of real and/or personal property or the book value of assets (cost less depreciation or amortization through date of the institution’s failure); and the historical cost of the net investment in subsidiaries, partnerships or joint ventures, adjusted where appropriate to reflect the receivership’s portion of the underlying net earnings or losses. An Estimated Loss on Assets is provided when anticipated future asset disposition proceeds, including associated expenses, are less than recorded amounts. Future asset disposition proceeds are generally estimated by determining, via sampling or recent disposition activity, the recovery rates for similar assets across all receiverships. However, actual recovery rates for this receivership may differ according to the quality and type of individual asset, as well as over time with changing market conditions. Accordingly, the gains or losses ultimately realized for this receivership will likely vary from amounts estimated.
(2) The Total Liabilities line item reflects those actual and accrued liabilities recorded on the accounting records of this receivership as of the date of this report. The Total Liabilities line item may not include other liabilities arising from Estimated Interest on Claims and Income Taxes, as these liabilities may not be recognized as of the report date, in accordance with current receivership accounting practices.

Last Updated 04/22/2016 Customer Service