Mr Cooper Group Inc fka COOP

[ItsMyOption]

New Email sent requesting additional info; Not sure what response I will get but I still feel things need clarification before a Motion for Final Decree closing Chapter 11 is filed.

Mr. Smith and “Estate” Trust managers, Debtors council:

Mr. Smith, you asked a question that I wish to respond to:

“While you and others have “demanded” that our responses to the aforementioned issues be disclosed immediately, we fail to understand why requests for information (or clarification) have become emergent recently: Liquidating Trust Interests and/or “escrow markers” held by you and others are not tradeable securities.”

Many of us “Estate” holders have made many requests to clear up question, clarification’s on items WMILT posted, and some transparency issues to what we felt was our managers duties to address those concerns. Those question have mostly gone unanswered or basically pointing to the WMILT web site or 10-K or 8-K reports that are filed with unclear info.

We believed the GSA Between WMI and the FDIC’ “Settled” Many issues and why we signed our releases per our 41.6 release and W-9 we submitted, We believed our Trust managers would perform their Fiduciary duties to protect and maximize Estate value. Now because of this lack of transparency we question your Fiduciary performance.

It seems clear to all that we are dealing with a massive bank robbery and clear that JPM and FDIC got away with this. I can give you many court document links or articles that exposes this. Such as this report:
JPM gets $30B extra bonus from WAMU. What else did they get for free?
LINK:
https://www.businessinsider.com/r-jpmorgan-builds-up-apartment-loan-leader-from-wamu-rubble-2015-7?IR=T

BEFORE (!) we gave our releases it was the examiners Mr. Hochberg's task to find out what assets were still available, but it was the Estate managers and Debtors attorneys that provided or restricted the info he could review. It was ultimately William Kosturos (Chief Restructuring Office) of the Estate and managers of Alvarez and Marsal that had the Fiduciary duties to maximize Estate value. It was clear many items such as “retained assets or earnings” that Debtors council keep from the Examiners review and the transparency to us Estate holders. We now demand some clarity and transparency.

We would wish to get some clarity and transparency before council files for Motion for Final Decree closing Chapter 11 as there is talk of an Objection letter campaign that would request the many lack of transparency issue we have had. Just some are what assets did JPM get for only 1.9 billion. There was no published 3(a) asset list. We wish to see 363 sale statements that may show if assets were given out below book value, and many other requests.

There is a major concern that William Kosturos (Chief Restructuring Office) has cut some under the table deal with insiders such as Bonderman et.al. who owns and released Class 19 & Class 22 claims and the Underwriters (Morgan Stanley, Credit Suisse, Goldman Sachs) that settled and released Class 19 claims – Have they been given a higher value over other class 19 & 22 holders?

Again collectively us Equity holders about 1500 members have completed an extensive amount of research from SEC and court documents and feel we have a good understand of the very large amount of “Estate” assets ether held in “safe Harbor”, Off Book” and within the • "The Delaware statutory trust an investment trust, under § 301.7701-4(c), that will be classified as a trust for federal tax purposes and also under management by members of the Trust Advisory Board such as William C. Kosturos and under the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.

Please consider this as a request for additional information that should address many questions, and a vary lack of transparency at issue. This requested info can ether get posted on the WMILT web site or emailed to myself and I will posted it on two investor websites for benefit of all Estate holders.

Sincerely,

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