Mr Cooper Group Inc (COOP)

[AZCowboy]

~ LuckyPanda, Yes Simplified AND' Quite Correct ~

Yes, It is (WaMu) a bit complex, but not impossible to grasp for those of us that have actually taken the time to sequence and follow what Washington Mutual Inc.,(s) operational procedure truly was', ... actually reading a Class Defined', prospectus, yes, there are hundreds of them, explaining how WMI' used its massive organization, to package loans into RMBS & CMBS, basically Asset Backed Securities, into Class Segregated "Performing Trusts" ... WMB, WMI's bank was merely one of the many tools used', ...

"If AZ is right, the waterfall only applies to assets under LT. The safe harbored assets are bankruptcy remote so they may not need to follow waterfall priority."

The WMI-LT is a result of just exactly what actually is able to be viewed as aligned with the WMIIC / WMI Plan 7 Approved reorganization', ... period' ... The WMI-LT DOES NOT get to be a determining force within anything that has NOT ALREADY been SEC or KCC Docket' Filed or Revealed' ... The WMI-LT only has distribution allowances as they refer to already issued', Liquidating Trust Interests, ... or, referred to as an LTI ... That's It period'. ... nothing else' ... (while A&M's functions remain a secret)

... No LTI's will be issued beyond the already issued Class 17a LTI's, issued for the Class 17a, fees & expenses, back in 2012 as their litigation continued in D.C. ...

Everyone out here', (retail participating members), were supposed to be lead to believe, that the Plan 7's WMI-Liquidating Trust was going to handle the distribution and ultimate disposal of the Great WaMu', ... That's Simply NOT TRUE ...

When I finally sequenced and understood the process, and stated in a thread, ~ No, I Will Never Be Issued An LTI ~ is when the attacks and word twists were seriously enhanced' ...

However, ... None Of That', changes a thing, ... "it is what it is"...

... The complex WaMu dual tracking litigation process, was far from over back in 2012', ... The Class Segregated Performing Trusts' are obviously Very Real, and WMIH-Corps current forward movement is a direct indication that everything is and will be, ... Truly Fine', and very financially beneficial for those of us that have honestly remained involved ...

AZ