Mr Cooper Group Inc (COOP)

[sharing4u]

Seeking opinion on the following:

WMI Liquidating Trust Agreement

https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm

5.2 in P17 :

5.2 Liquidating Trust Assets Treated as Owned by Liquidating Trust Beneficiaries. For all United States federal income tax purposes, all parties (including, without limitation, the Debtors, the Reorganized Debtors, the Liquidating Trustee, and the Liquidating Trust Beneficiaries) shall treat the transfer of the Liquidating Trust Assets to the Liquidating Trust as (1) a transfer of the Liquidating Trust Assets (subject to any obligations relating to those assets) directly to the Liquidating Trust Beneficiaries and, to the extent Liquidating Trust Assets are allocable to Disputed Claims, to the Liquidating Trust Claims Reserve, followed by (2) the transfer by such beneficiaries to the Liquidating Trust of the Liquidating Trust Assets (other than the Liquidating Trust Assets allocable to the Liquidating Trust Claims Reserve) in exchange for Liquidating Trust Interests. Accordingly, the Liquidating Trust Beneficiaries shall be treated for United States federal income tax purposes as the grantors and owners of their respective share of the Liquidating Trust Assets (other than such Liquidating Trust Assets as are allocable to the Liquidating Trust Claims Reserve, discussed below). The foregoing treatment shall also apply, to the extent permitted by applicable law, for state and local income tax purposes.

IMHO, All residual assets in WMILT after Class 18 and non-bankruptcy assets including bankruptcy remote and safe harbored assets in FDIC-R have all been transferred to escrow accounts (representing thousands of holders of equity interests with respect to individual election account). Therefore as WMILT Brian Rosen revealed numerous times: No material assets left in the Trust nor "safe harbor".
I did not think he lied.

Are we pulling together to fight for this 11-year old saga?
Checks are coming to your mail box soon. Make sure they are locked and secured and no one can slip this heavy check from you.

To be true to the exact words: You are the owners, other than the assets escrowed in Liquidating Trusts Claims Reserve) of all assets of the debtors since 3-19-2012.

Very Happy New Year to you and your kins.