Friday, July 15, 2022 12:31:42 PM
I asked him a few questions regarding the structure of WMIH and WMIHC, some questions to who from the bankruptcy of Washington mutual are the legal owners of WMIH and now mr cooper. I asked him about any assets/safe harbor assets that were passed through the bankruptcy from Wmi to Mr Cooper, if he new of anything regarding the 308 billion in assets that WMI had on its books and if he new where those assets are stored. I also mentioned the other hedge funds that were fighting for all classes during the bankruptcy and where did any of those assets go.
His reply was that he did not know anything regarding the assets or bankruptcy of WMB and WMI, only what he heard on the news, he said there are no assets coming to Mr cooper from the WMI portfolio. He didnt seem to know much prior to 2018. he said the institutional investors are listed on Nasdaq.com.
He also said this is all new news to him. Mr cooper is a publicly traded company and all materials regarding assets would be public information.
best of his knowledge was wamu had 308 billion in assets and 270 billion in liabilities and the difference in between was wrtitten down because of the value decrease in home properties and portfolios back in 2009.
thought i would share this.
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