Mr Cooper Group Inc fka COOP

[Large Green]

Restricted Subsidiaries - BK Cases NOW Closed – Two Week Appeal Period Ends on 1/3/2020-Then Look For Restricted Subsidiaries That MAY Be Released-Then POSSIBLY Safe Harbor Money Flows.

However, just realize WMILT will not totally close down for most of the year 2020, so it is possible they put space in-between official bk closure of 1/3/2020 and when Safe Harbor monies flow.

Unfortunately, due to the unwritten rules of NOT disclosing anything, we will not know when this happens UNTIL it happens.

I still view (the (DSTs) Delaware Statutory Trusts will be a vehicle for timely (by 3/2012) signed releasors to receive monies via the DTC then on to Brokers

1) Actions happen post BK is closure-Now closed and signed by Judge Walrath on12/20/2019

2) After BK closure the Administrative Hold will be released allowing exciting actions to take place

3) Then I see Marker Holders getting a Preferred Offering and commons issued at some point after New Year 2020

4) Distributions starting from (DSTs) Delaware Statutory Trusts routed through DTC/Clearstream then to your Broker

5) There will probably be two to four annual distributions to Marker Holders set up for a ten year period of time

6) Notice the highlighted pieces below in the confidential filing

7) Do not forget about the 10-year runoff mode of WMMRC ended 3/2019

https://www.sec.gov/Archives/edgar/data/933136/000119312518045989/d539539dex105.htm

CONFIDENTIAL ANNEX C-I

Form of Solvency Certificate

Reference is made to Credit Agreement, dated as of [•] (the “Credit Agreement”), among [•] (the “Borrower”), the lending institutions from time to time parties thereto (the “Lenders”), and [•], as Administrative Agent.

Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. This certificate is furnished pursuant to Section [•] of the Credit Agreement.

Solely in my capacity as a financial executive officer of WMIH and not individually (and without personal liability), I hereby certify, that as of the date hereof, after giving effect to the consummation of the transactions in connection with the Bridge Facility:

1. The sum of the liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of WMIH and its restricted subsidiaries, on a consolidated basis.

2. The fair value of the property of WMIH and its restricted subsidiaries, on a consolidated basis, is greater than the total amount of liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis.

3. The capital of WMIH and its restricted subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date hereof.

4. WMIH and its restricted subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations beyond their ability to pay such debts as they become due (whether at maturity or otherwise).

For purposes of this Certificate, the amount of any contingent liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that would reasonably be expected to become an actual or matured liability.

IN WITNESS WHEREOF, I have executed this Certificate as of the date first written above.



***The Infamous Footnote Number 39***

In light of Footnote 39:

"FINAL REPORT OF THE EXAMINER
JOSHUA R. HOCHBERG
Court Appointed Examiner

Footnote 39


Equity undertook a preliminary solvency analysis based on the limited information made available by the Debtors. Equity noted that a final analysis of solvency would require a detailed review of WMB?s loan portfolio, which is not available to Equity and was also not reviewed by the Debtors. The Examiner in this Report has an analysis of solvency, but he also did not conduct a review of the loan portfolio."