Mr Cooper Group Inc (COOP)

[BOBBYEA]

My WAMU/WMIH/COOP story

In late 2010, a friend told me about the WAMU bankruptcy. Shortly after that, I had a little money available - that I could afford to lose- so I took a chance and bought some WAMU commons, not knowing anything about bankruptcy investment etc. Yes, I hear you AZ😀, I broke a basic investment rule to “know what you own,” - and I knew nothing except my friend had high hopes, so I took a shot.

Then, I followed the advice of this friend and others on the Yahoo message board and signed timely releases and not long after that, the two accounts with my common shares showed my escrow markets, with an ESC in the middle of the number. Assuming the ESC stood for escrow, I felt I was in position to wait this out. I had determined to hold my WAMU common shares that became WMIH and ultimately COOP and though my investment from 2010 has more than doubled, I know that over 14 years, it is not an exciting gain. And I continue to hold the COOP shares that evolved from back in 2010.

My real hope for gain has always been my Escrow markers, which yes, are no longer visible in my two accounts. I still don’t understand all the complexities and am too busy to even try…and I have no intention of ever getting involved in bankruptcy investments again…so I wait.

My hope in escrows has been deflated recently as I hear my escrows should have been registered. This was news to me, but if true - iI take responsibility - I should “know what I own.”

That’s my story and I’m sticking to itt👍. No matter what happens, I am blessed. Best wishes to all and may God bless America.