Friday, June 11, 2021 10:41:34 AM
from what Rosen, JMW and others keep stating is:
- There will be no more distributions to any Escrow, Legacy holders
- BR also stated he does not know of any ABS/MBS that will go to Mr. Cooper and so no share for value should go to any Legacy holders.
- I wished AG would have made it clear that many holders believed the ABS/MBS all bypassed outside of the BK and it is those possible assets that could get distributed.
- It sure sounds to me that the Trust has no knowledge of any assets
- Judge did approve Sanction against AG and sounds like the Sanction will bar AG from any future litigation against the Trust or Mr. Cooper. Also looks like the Sanctions will impose a $$$ cost against AG so not a good day for her.
- There was a Deekshant Lumar that is speaking, and they silenced him for many of us so not sure what he is stating but seeing reactions on many faces I would have loved to hear that as it is going on a long time
- The meeting appeared to be going on when it ended abruptly for me, and I could not get back in – did others have this issue? It was when a Deekshant Lumar was still speaking.
I have been hopeful of some future share for value or cash but BR, MW and others made it clear that legacy holders will not see any???
AZCowboy or others that may have listen to hearing what is your take?
Recent COOP News
- Mr. Cooper Group Inc. to Present at the Barclays Global Financial Services Conference • Business Wire • 09/03/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:17:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 08:09:25 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 08:24:31 PM
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- FLAGSTAR BANK, N.A. ANNOUNCES SALE OF ITS MORTGAGE SERVICING BUSINESS • PR Newswire (US) • 07/25/2024 11:00:00 AM
- Mr. Cooper Group Reports Second Quarter 2024 Results and Announces Acquisition of Mortgage Operations From Flagstar • Business Wire • 07/25/2024 11:00:00 AM
- Mr. Cooper Group Inc. to Discuss Second Quarter 2024 Financial Results on July 25, 2024 • Business Wire • 07/11/2024 08:00:00 PM
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