Mr Cooper Group Inc (COOP)

[AZCowboy]

~ ShomiDamoni, The WMI-LT’s RE-Distributions at the 75/25 Ratios Were Merely A Product of Incomplete, Sloppy, and Poorly, Researched Material ~

... That “Fact” ... should, at a minimum be quite obvious now’ ... The WMI-LT is done (thankfully), and with its final distributions to Class 18’, is taking the KCC Document Docketing Process with it’ ...

https://www.sec.gov/Archives/edgar/data/1545078/000119312519323975/d820838d8k.htm

So, in September of 2008’, along with the WaMu Deposit Base, JPMC also received the necessary “servicing rights” to the WaMu Loan File ... while JPMC was given the “servicing rights” for the original WaMu loan file upon the FDIC’s seizure of WMB, JPMC has now, legally had some 11 plus years to be able to legally Market, Rebrand, Streamline, Refinance, etc. etc. etc. those original loans, ... not to mention the same amounts of constant loan solicitations being done by every other Bank on the planet, also wanting to Re-Finance “Everyone” ... which pays off any of the original loans ... (a foundational understanding of how the legal process and an ABS-Cert participation works is required)

So, now move into the present tense;

~ The WMI-LT is done, and will distribute its remains on January 10th ~ (yesterday’s news, turn the page) ...

So, what’s currently going on, now that the WMIIC / WMI Bankruptcy’s Have Been Legally “Closed” by the Court ... ? ...

Active WaMu Aligned ABS-Certs containing originally issued loans, that I’ve been tracking since the “Globic”s December 31st 2017 settlement requirements completion, ... showed “revised” on December 24th, 2019 ...

ABS-Certs Distribute to their participating “Accredited Investor” on a monthly basis on the 25th of the month, but due to Christmas’, the ABS-Cert distributions occurred on December 26th, 2019 ... (yes, I checked)

Now, an ABS-Certs calculation for earnings distributions, begins on the 1st of every month through the 16th ... (late pays, foreclosures, etc., get carried forward to the next cycle) ... meaning that the next cleared cycle for both the monthly accommodation of distributions, as well as the 2019 tax years end, ... begins tomorrow, January 2nd, 2020 ... again, through to the 16th of January, when the cycle will begin again ...

So, ... in my opinion ... now that the 2019 taxation year has ended, and the WMI Bankruptcy’s have been legally completed ... “WMIH” (the Parent Corp)’s servicing platform subsidiary, (*Mr Cooper) ... begins tomorrow with the new cycles responsibility of servicing any of the loans that have continued to function ...

Irrelevant of the returning amounts, ... the lions share belongs to the reorganized WMI, the Present Tense Parent Corp., ... “WMIH” ...

Now, move to a realistic acknowledgement of ~ Know What You Owned ~ did you release to participate in Plan 7, as a retail purchaser of “2” of the “8” transitional WMI preferred offerings, ... ? ... are you a transitional WMB Corporate Bond Owner ... ? ... or, as an original common share owner of the WMI Estate, as a releasing common share holder ... ? ...

And So, the Parent Corp., ‘WMIH” Will financially benefit on January 25th, 2020, minus the *Mr Cooper servicing fees, for any of its own Cert Participation, from the now “revised” ABS-Cert distributions ...

... I’m not sure of when ? or of the how much ? each original security will be worth, ... only that everything was originally secured with the implementation of a Corporate Action ... it will take the announcement of another, “Corporate Action” .., to now align the originally bankrupt Parent Corp., with its present tense direct and indirect subsidiaries ... and the original Plan 7’ Releasing owners of the great and now reorganized, ... WMI ...

There are four Time related WaMu considerations ... all present tense shareholders are not the same;

Number One; ... “WMI” Security Owners ... (Original WMI)

Number Two; ... “WMI Holdings Corp”, Owners ... (Plan 7’s Reorganized WMI 03/2012 to 05/2015)

Number Three, ... “WMIH Corp”, Owners” ... (05/2015 to 11/2018, KKR’s convertible B preferred now converted into COOP commons as well, etc.,)

Number Four, ... “Mr Cooper, ... (Cusip change as of November 2018)

... with “WMIH”, maintaining its parent corporation nomenclature ever since The Court Approved Plan 7 ...

AZ