Mr Cooper Group Inc (COOP)

[ron_66271]

The February MOR and Retained Earnings.

$20.77B from the 363 Sales of WMI's assets was transferred from WMI to WMILT as Retained Earnings for legacy equity holders as Documented.

#10004 PDF 10
http://www.kccllc.net/wamu/document/0812229120330000000000007



Yes It's all true;
From New Q&A.
"3. Other than as reported in its Quarterly Summary Reports and/or filings with the U.S.Securities and Exchange Commission, is the Trust holding any assets that are “Off-Book”,“Safe Harbor Assets” (e.g., “Washington Mutual Capital Trust 2001”, “Posit”, or “Retained Earnings) or other assets? Is the Trust entitled to any income, cash or other forms of value related to the legacy home loan servicing operations of, or securitization transactions sponsored or consummated by, Washington Mutual Bank or its affiliates?

There are no material assets of the Trust1 other than the cash described above and any potential recoveries arising from the LIBOR litigations. As the Trust disclosed during the pendency of its Chapter 11 proceedings, all of the Trust’s material assets were disclosed by the Trust from time to time in its Quarterly Summary Reports and/or SEC filings and no assets were or are “hidden” or “unreported”. The Trust’s administrators are aware that certain individuals who have an interest in the operations of the Trust (e.g., legacy shareholders of Washington Mutual, Inc.) have suggested that the Trust is hiding assets or is entitled to value from the Washington Mutual Bank receivership or from legacy home loan servicing operations and/or securitization transactions engaged in by Washington Mutual Bank and its affiliates. Such suggestions are inaccurate: the Trust’s unaudited financial statements disclose all of the Trust’s material assets. Additional information regarding the Trust’s assets as of the Effective Date can be found in the Global Settlement Agreement, Disclosure Statement and Confirmation Order. We also refer you to the Trust’s Quarterly Summary Reports and SEC filings."

Other than as reported in its Quarterly Summary Reports and/or filings with the U.S.Securities and Exchange Commission; Then, ?Why was $20.77B reported in the FEB MOR as Retained Earning? as "Other than".

From; the Trust’s unaudited financial statements disclose all of the Trust’s material assets because WMI as a BK protected entity operates unaudited.


The WMILT's function is/was to pay creditors claims, and it did. All Creditors were pay on January 13th. The Retained Earnings have nothing to do with WMI-LTI's for Creditors. RE isn't the WMILT's money, its belongs to the Equity Classes as a DCR to cover a 'just in case' Creditor.



363 Sales;
$6.5B Capital Contributions.
$5B BOLI/COLI
...
PDF 20/78;
http://sidedraught.com/stocks/WashingtonMutual/Equity%20Committee/POR/WaMu_Closing_Equity_Committe.pdf


With AG Appeal Denied, the distributions matrix are no longer contested.