Mr Cooper Group Inc (COOP)

[AZCowboy]

~ SometimesRight and ALL', ... ADDED As We' Move Forward ~

As I presented the Washington Mutual Preferred Funding, LLC., "Capital Trusts" original description, these are five (5)' segregated cash producing "Trusts", ... that have had their described "Cash" dividend returns placed on "Hold" since the morning of 09/26/2008' ... while the parent corp's (WMI) litigation was able to be finalized and thankfully' all of these years later, now completed' ... and the reorganized new company, WMIH-Corp is now in a position to move forward without the restraints of the litigation, Now, again thankfully "Settled"

This descriptive of what these Trusts were (are'), is important' ...

In February 2006, a subsidiary of WMB, University Street, Inc. (“University”) created a new subsidiary called Washington Mutual Preferred Funding LLC (“WMPF”). University and WMB then transferred to WMPF portfolios of home equity and other mortgage loans in exchange for all the WMPF common stock and WMPF preferred securities, respectively. WMPF then transferred the loan assets to statutory trusts in exchange for certificates entitling it to payments of principal and interest on the loans. The WMPF preferred securities paid dividends based on distributions from the trusts. In five similarly-structured issuances between March 2006 and October 2007, the trusts issued approximately $4 billion in Trust Preferred Securities (the “TPS”) which were sold to qualified institutional buyers pursuant to private placements.

and then again,

today ? ... none of this matters any longer, "things are as they are" ... WMI's Plan 7 reorganization, required the individual releases to be submitted for one to be in a position to participate' (41.6) ... while the ongoing "dual tracking litigation" in Judge Collyer's Court, (WMI II the WMB Action') needed to also be settled and its releases finalized, as well ...

The (5) "Capital Trusts" Washington Mutual Preferred Funding, LLC., being ruled to have gone through their exchange event in the morning of Sept 26th, 2008, ... and then WMIIC and WMI, filing for BK protection at 10:15pm and 10:16pm on the same day respectively, ... irritated BOTH' ... JPM and the TPS, (most of whom had bought in "after" the seizure by the OTS on the 25th') ...

~ Know What You Own ~

AZ