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Re: AZCowboy post# 728133

Monday, 05/20/2024 8:38:20 AM

Monday, May 20, 2024 8:38:20 AM

Post# of 729849
~ More "COOP's" ... "Boss' Holding Company" ... Deliberate Smoke Revealed ?, ... Simply More 💩💩💩 ? ... or, "The Initial Holding Company's Set Up" ? ? (the Great WaMu') ... This Is All Very Important To ALL Releasing Participants in the "Holding Company's" Reorg. ~

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174449125

"the mr cooper group", ... COOP', is merely a 2018' acquired subsidiary grouping, currently being SEC allowed to be used as a "registrant" ... financially incomplete to the submitted complete financial reporting' of XXXX ... and in its own words, ... "Mr. Cooper Group Inc is a home loan servicer." ...

... in its own words, That Is All That the mr cooper group actually is' ... a home loan servicer' ... However,

there's quite A LOT' more ... however, ! ! ! ... Yes, the released WMI commons are golden, the WMB Notes are golden, and the released WMI Preferreds ? ... yep, ALL are golden' as well ... LOL' ...

Here are Some extremely interesting SEC questions ? ... and just one' of the many questionable nuggets' placed in this SEC submission, ... this is just a portion of ol' cactus research, ... as quoted ... just one segment, ... however, the entire document is telling' ...

https://www.sec.gov/Archives/edgar/data/933136/000000000008022550/filename1.pdf

"We refer to the Company’s 20 billion Euro Covered Bond Program under which the Company has outstanding 7.74 billion Euros of covered bonds as of December 31, 2007. We note the Covered Bond Program is structured as follows:

• The Euro-denominated Covered Bonds are issued by a nonaffiliated statutory trust.

• The Covered Bonds are secured by floating rate US dollar-denominated mortgage bonds issued by the Company to the statutory trust.

• The mortgage bonds are secured by the Company’s portfolio of residential mortgage loans.

• The statutory trust is not consolidated in the financial statements as stated in the “Liquidity Risk and Capital Management, Liquidity Risk” section on page 69.

Please tell us and revise future filings to disclose the following information with respect to the operations and structure of the Covered Bond Program:

• Provide us with the analysis that supports your conclusion that consolidation of the statutory trust is not required. State whether the statutory trust is an SPE that does not qualify for consolidation under paragraph 5 of FIN46R or is a QSPE that meets all the conditions for non-consolidation in paragraph 35 of SFAS 140.

• We note the short-term rating downgrade of WaMu in December 2007 by Moody’s and Fitch that caused the bank to create a separate account to guarantee payments to the statutory trust SPE. Explain to us how you considered:

o Whether this guarantee qualifies as a reconsideration event under paragraph 7 of FIN46R.

o The Company would absorb a majority of the SPE’s expected losses and therefore become its primary beneficiary. Refer to article titled “Euro Covered Bonds Survive Crisis” dated February 4, 2008 in www.securitization.net.

• Describe in greater detail the terms of the Euro Covered Bonds issued by the statutory trust, the mortgage bonds and the cover pool of mortgage loans that collateralize the mortgage bonds issued by the Company. Consider disclosing information such as the following:

o The principal amount and interest rate;

o The initial and current credit rating;

o The issuance and maturity date;

o The nature and scope of any contingent liabilities, guarantees or reimbursement agreements incurred with respect to the Covered Bond Program.

o Any overcollateralization requirements incurred by the Company sufficient to absorb potential credit losses."

LOL' ... really ? ? this is all simply amazing ... AND' ... Directly Related To All Of Those People That Properly "Released" to Participate in WMI's Reorganization' ! ! !

and then, there is this SEC response, quickly submitted just 21 days later' ! ! ! ... .hmmmmm ? ?

https://www.sec.gov/Archives/edgar/data/933136/000000000008026095/filename1.pdf

"Dear Mr. Casey:
We have completed our review of your Form 10-K, Form 10-K/A and 10-Q and have no
further comments at this time"

=================

it's all good ... just ... ~ Watch Your Six ~ ... is all ... and most importantly, ... know this,

there's always' been these' ...

"don't waste any time on the MANY', negative' ad-hoc groups, and especially' the "angry" (36 thousand' plus (36,148') FOS', research credit taker' (s)'


"it was "bopfn" that said, we didn't need any equity committee, or any representation', and then later on, to follow the voting package insert, which recommended everyone vote against the plan ... 2/3 rds of the commons were needed to approve' ... magical how that actually happened' by a smidge' LOL'"



just sayin'

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