Mr Cooper Group Inc fka COOP

[lodas]

John......there were 7 trusts ,including WMMRC..... there was also the WMIIC Trust which was liquidated, then subsequently shut down when the monies were placed in the WMIL-T for payments to creditors... the 6 sub trusts of WMMRC were liquidated , and were used to value the 200 million shares given to equity and preferred shareholders in a ratio of 25/75 %... 25% going to common, and 75% going to preferred shareholders... the 6 trusts were emptied and then closed down with WMMRC as the survivor which carried on with the re insurance run off of polices, and used as the interim reporting accounting to the SEC because they had no employees except Tagar Olsen, and Charles Smith... the 2013 WMIH 10-K was a forensic accounting of all assets of WMIH and only shows one Trust holding about 34 million in assets...the company was valued at 71 million dollars if sold after chapter 11 closed...in short, Rosen stated there were no safe harbor asset held by WMI.. this is borne out by the document submitted by WMI to the bankruptcy court that stated..ALL ASSETS BOTH REPORTABLE, AND NON REQUIRED TO BE REPORTED WERE DISCLOSED TO THE COURT....why?... WMI had to declare how they were to value the 200 million shares they created to give to common and preferred...thats how I read it... sorry if it does not concur with what you believe... Lodas