Mr Cooper Group Inc (COOP)

[boarddork]

The DB probate, seems like its definitely, our stuff. ESPECIALLY when you read this NUGGET in the settlement.....

near the bottom of whole file, page 24 last paragraph:

"In addition to the foregoing, at the time the Trustee accepted the mediated Settlement, the Trustee took into consideration the fact that a group of major holders of beneficial interests in the Trusts had previously negotiated, but not consummated, an agreement with certain of the Bondholders (the only other material general unsecured creditors in the Receivership Estate) under which the Trustee would receive an allowed claim of approximately $2,280,000,000, approximately $726,000,000 less than the claim allowed under the Settlement. March 2, 2016 Business Wire (“Announcement by the Steering Committee of Ad Hoc Committee of Washington Mutual Bank Noteholders”), available at http://www.businesswire.com/news/home/20160302006392/en/ (last viewed Dec. 12, 2016).


So, major holders of certs, aka beneficial interests, negotiated an agreement with [bank] bondholders.........

AND -- Who negotiated with bank bondholders during bk?............The debtors. WMI.

WMI is us, who released as advised.



From: Dec/2016 DB memo listing all the securities tranches and cusip numbers affected by the lawsuit and the need to notify DTC in the future.
http://www.globic.com/wamurmbssettlement/pdfs/DBNTC.WAMU%20TIP%20Petition%20-%20Notice%20to%20Holders%20of%20Petition%20and%20Hearing%2012.22.16.pdf


Of course it still doesnt list who the certificate holders of these cusips are. Globic just notifies DTC? .......and then cert holders get DTC notification some day? And I assume by releasing, we are just 'partial holders' of the ultimate 'certificate holder'.

What's interesting, remember the 2013 DOJ JPM Settlement RELEASE Agreement I brought up a week ago? JPM did not become the successor-in-interest to WMB, WMMSC, WAAC, Longbeach, etc.. This cusip tranche list reads like the same succesor-in-interest exclusions in the Settlement RELEASE Agreement.