Mr Cooper Group Inc fka COOP

[ron_66271]

Oberthal, The ABS Trusts Stopped,

distributions when WMI filed for BK and WMB's seizure in 2008. The ABS Trusts will commence distributions now that the last creditor has been addressed.

First; Your question is just plain wrong.

Asked this many times but get no answers. Somebody instructed the trust stopping paying in 2012. So who did this and aren’t they then now obliged to tell the trusts to release. Also why are there no leaks? We now when people in the White House go to the bathroom....

Second; Why is it someone else's responsibility like AZ to answer all your questions !

Third; You need to read AZ's posts more carefully. AZ explained it to the MB. Others and I get it.


Washington Mutual, Inc. Waterfall Recovery Matrix.

Exhibit H; Tranche 5 = 510(b) Sub Claims.

http://wmish.com/POR/7/exH.pdf


Now;

A CASH DISTRIBUTION OF APPROXIMATELY $50 MILLION WAS MADE TO TRANCHE 4 LTI HOLDERS ON FEBRUARY 25, 2019. THESE LTI HOLDERS INCLUDE SENIOR FLOATING RATE NOTE, PIERS AND GENERAL UNSECURED CLAIMANTS. ALL TRANCHE 4 CLAIMS HAVE BEEN PAID IN FULL. PLEASE CLICK HERE TO VIEW THE PRESS RELEASE.

"After giving effect to the Distribution, all General Unsecured Claims, including the Senior Floating Rate Note Claims and PIERS Claims, will have been paid-in-full and, to the extent funds become available, succeeding distributions will begin with Class 18 creditors."
http://www.kccllc.net/documents/8817600/8817600190225000000000001.pdf

What happened to Class 17? Wink, Wink !

WMI is a creditor to WMB. Doc #5885, FN 2.

Here I go again;

Tranche 5 is the Way.

In Tranche 5 lives a 510(b). In this case 510(b) is an Over-Funded Claim. This Over-Funded Claim is the Pay-Point for "the Final Payment" to WMI for "WMB and it's assets" by the FDIC from JPM.

This payment is CIC. With CIC, JPM takes responsibility for MARTA, Employee Claimants CIC, and all other WMB issues like paying the WMB Noteholders.

The only reason MARTA can re-file against WMI is because we still have the WMB Title. When The Title moves, so does MARTA.

We have The Title, JPM only has title. Remember; Assets vs assets ?

Now with Tranche 4 closed, all WMI/WMB ABS Trusts can commence distributions to the ABS Trusts participants like MARTA.


Huge HLCE,
Ron