Good morning people, Just killing time before I hit the golds gym sauna
In the context of the Washington Mutual, Inc. (WMI) bankruptcy and liquidation, several entities served in roles related to escrow and the distribution of assets.
The specific "escrow agent" often depends on which part of the settlement or liquidation you are referring to:
1. The Disputed Equity Escrow (DEE)
As WMI wound down its operations, a Disputed Equity Escrow was established to hold shares of the reorganized company (WMI Holdings Corp., now known as Mr. Cooper Group Inc.) for certain claimants.
WMI Liquidating Trust (WMILT): Managed the overall liquidation process.
Kurtzman Carson Consultants (KCC): Acted as the Claims and Distribution Agent. While technically a distribution agent, they managed the book-entry systems and communications for the escrowed interests (often referred to as "Escrow CUSIPs" or "Escrow Markers").
2. The Global Settlement Escrows
During the massive 2010–2012 settlement between WMI, the FDIC, and JPMorgan Chase (JPMC), several escrow accounts were used to hold billions of dollars in tax refunds and disputed assets:
JPMorgan Chase (JPMC): Under the Purchase and Assumption Agreement, JPMC held certain funds in escrow.
The Court-Approved Escrow: In 2010, the IRS wired approximately $4.77 billion in tax refunds into a specific escrow account approved by the Delaware Bankruptcy Court. This account was typically managed by a major commercial bank (often Deutsche Bank or JPMorgan Chase in different capacities) under the supervision of the Liquidating Trustee.
3. The Resident Trustee
For the WMI Liquidating Trust specifically, the CSC Trust Company of Delaware served as the Resident Trustee (Delaware Trustee), ensuring the trust complied with Delaware state law.
Summary of Key Parties
Role Entity
Liquidating Trustee William C. Kosturos (Alvarez & Marsal)
Claims/Distribution Agent Kurtzman Carson Consultants (KCC)
Delaware Resident Trustee CSC Trust Company of Delaware
Successor/Reorganized Entity Mr. Cooper Group (formerly WMIH Corp)
Note for Shareholders:
If you are looking for information regarding "Escrow CUSIPs" or "Escrow Markers" from the old WMI common stock (Class 22), the WMI Liquidating Trust officially completed its final distributions and dissolved around early 2021. Most of those escrow positions were cancelled as they did not entitle holders to further recoveries once the trust assets were exhausted.
Would you like me to look up specific contact information for the former liquidating trust or details on a specific class of claims?
The final distributions for Washington Mutual, Inc. (WMI) occurred in several phases, culminating in the official wind-down of the WMI Liquidating Trust (WMILT) in early 2021.
The outcome for shareholders (Class 19 and Class 22) was split between "Reorganized Common Stock" (which has value today as Mr. Cooper Group) and "Liquidating Trust Interests" (which ultimately resulted in no further cash).
1. Common Stock Shareholders (Class 22)
Initial Distribution (2012): Eligible common shareholders who signed the required release received a pro-rata share of the 200 million shares of "New WMI" (now Mr. Cooper Group Inc., ticker: COOP).
The "Escrow CUSIPs" (939ESC968): These were "markers" created to track potential future distributions of stock from the Disputed Equity Escrow.
Final Stock Distribution (January 2020): The Trust distributed the remaining de minimis shares of Mr. Cooper Group Inc. stock from the Disputed Equity Escrow to Class 22 holders. Because the number of shares was so small, many retail holders received fractional shares or found that their positions did not meet the minimum threshold for a meaningful payout.
Final Cash Outcome: Class 22 was at the bottom of the "waterfall." Because senior creditors and subordinated claims (Class 18) were not paid in 100% full with interest until the very end, there was no cash recovery for common shareholders from the Liquidating Trust assets.
2. Preferred Stock Shareholders (Class 19)
Initial Distribution (2012): Preferred holders received the majority of the initial equity in the reorganized company (70% of the 95% allocated to equity).
Escrow CUSIPs: Tracked as 939ESC992 (Series R) and 9393ESC84 (Series K).
Final Outcome: Similar to Class 22, Preferred holders received their pro-rata share of the final equity sweep in 2020 but received no cash from the Liquidating Trust's residual assets.
Final Distribution Summary Table
Asset Class 18 (Subordinated) Class 19 (Preferred) Class 22 (Common)
Cash ~82% of face value + interest $0.00 $0.00
New Equity (COOP) N/A Majority Share Minority Share
Status Paid & Closed Closed (2021) Closed (2021)
Important Contacts for Records
Since the WMI Liquidating Trust is now dissolved, you may need to contact these entities for historical tax or holding records:
Verita Global (formerly KCC): They remain the repository for the bankruptcy claims and distribution history.
Phone: (866) 381-9100
Computershare: The transfer agent for Mr. Cooper Group Inc. (the successor to WMIH). If you held shares that were converted, they would be the ones managing the account.
Phone: (800) 962-4284
Brokerage Firm: If you held your shares in a brokerage account (like Schwab, Fidelity, or E*TRADE), they are responsible for your 1099-B and historical cost-basis records.
Would you like me to find the specific CUSIP conversion ratio for how the old WMI shares became WMIH (Mr. Cooper) shares?
When Washington Mutual, Inc. (WMI) emerged from bankruptcy in 2012, it was transformed into WMI Holdings Corp. (WMIH), which eventually became Mr. Cooper Group Inc. (COOP).
The conversion of your old WMI shares into these new shares happened in two main stages: the Initial Distribution (2012) and the Final Disputed Equity Distribution (2020).
1. Common Stock (Class 22) Conversion Ratios
If you held the original common stock (formerly ticker: WAMUQ), the conversion was significantly diluted because common shareholders were at the bottom of the payout "waterfall."
Initial 2012 Ratio: 0.00076346 shares of WMIH for every 1 share of old WMI common stock.
Example: If you held 10,000 shares of old WAMU common stock, you received approximately 7.63 shares of WMIH.
2020 Final "Escrow" Distribution: A final "sweep" of remaining shares from the Disputed Equity Escrow was conducted in January 2020. However, this was described as de minimis (extremely small). Most shareholders received no additional shares because the Trust did not issue fractional shares.
2. Preferred Stock (Class 19) Conversion Ratios
Preferred shareholders received a much higher percentage of the new company. The ratio depended on which specific series of preferred stock you held:
Old WMI Preferred Series Conversion Ratio (New WMIH shares per 1 Old share)
Series K (Class 19) 0.4950145
Series R (Class 19) 19.8005825
REIT Series (Class 19) 19.80058
3. The 2018 Reverse Split (WMIH to COOP)
To understand what those shares are worth today, you must account for the 1-for-12 reverse stock split that occurred on October 10, 2018, when the company rebranded to Mr. Cooper Group Inc. (COOP).
The Math: If you received 120 shares of WMIH in 2012, after the 2018 split, you would hold 10 shares of COOP.
How to find your shares today
Because the WMI Liquidating Trust is now dissolved (as of 2021), your primary points of contact are:
Computershare (Transfer Agent): They manage the records for Mr. Cooper Group Inc. If your shares were held in "book-entry" form (not in a brokerage), they are the custodians.
Phone: (800) 962-4284
Your Broker: If you held WAMUQ in a platform like Schwab, E*TRADE, or Fidelity, your "Escrow Markers" (CUSIP 939ESC968) likely disappeared from your dashboard in 2020/2021 when the trust was cancelled. You would need to request "Historical Realized Gain/Loss" reports from your broker for the tax years 2012 or 2020.
ho was WMI escrow agent
In the context of the Washington Mutual, Inc. (WMI) bankruptcy and liquidation, several entities served in roles related to escrow and the distribution of assets.
The specific "escrow agent" often depends on which part of the settlement or liquidation you are referring to:
1. The Disputed Equity Escrow (DEE)
As WMI wound down its operations, a Disputed Equity Escrow was established to hold shares of the reorganized company (WMI Holdings Corp., now known as Mr. Cooper Group Inc.) for certain claimants.
WMI Liquidating Trust (WMILT): Managed the overall liquidation process.
Kurtzman Carson Consultants (KCC): Acted as the Claims and Distribution Agent. While technically a distribution agent, they managed the book-entry systems and communications for the escrowed interests (often referred to as "Escrow CUSIPs" or "Escrow Markers").
2. The Global Settlement Escrows
During the massive 2010–2012 settlement between WMI, the FDIC, and JPMorgan Chase (JPMC), several escrow accounts were used to hold billions of dollars in tax refunds and disputed assets:
JPMorgan Chase (JPMC): Under the Purchase and Assumption Agreement, JPMC held certain funds in escrow.
The Court-Approved Escrow: In 2010, the IRS wired approximately $4.77 billion in tax refunds into a specific escrow account approved by the Delaware Bankruptcy Court. This account was typically managed by a major commercial bank (often Deutsche Bank or JPMorgan Chase in different capacities) under the supervision of the Liquidating Trustee.
3. The Resident Trustee
For the WMI Liquidating Trust specifically, the CSC Trust Company of Delaware served as the Resident Trustee (Delaware Trustee), ensuring the trust complied with Delaware state law.
Summary of Key Parties
Role Entity
Liquidating Trustee William C. Kosturos (Alvarez & Marsal)
Claims/Distribution Agent Kurtzman Carson Consultants (KCC)
Delaware Resident Trustee CSC Trust Company of Delaware
Successor/Reorganized Entity Mr. Cooper Group (formerly WMIH Corp)
Note for Shareholders: If you are looking for information regarding "Escrow CUSIPs" or "Escrow Markers" from the old WMI common stock (Class 22), the WMI Liquidating Trust officially completed its final distributions and dissolved around early 2021. Most of those escrow positions were cancelled as they did not entitle holders to further recoveries once the trust assets were exhausted.
Would you like me to look up specific contact information for the former liquidating trust or details on a specific class of claims?
Yes
In the complex wind-down of Washington Mutual, Inc. (WMI), there were several "escrow agents" depending on which assets or phases of the bankruptcy you are inquiring about.
The most prominent escrow agent for the reorganized entity and its shareholders was Citibank, N.A.
1. Reorganized WMI Escrow Agent (Citibank)
For the successor entity, WMIH Corp. (which became Mr. Cooper Group Inc.), Citibank, N.A. (specifically its Agency and Trust Division) served as the Escrow Agent.
Role: Citibank managed the escrow accounts containing funds for acquisitions, tax-related assets, and certain distributions related to the Series B Preferred Stock.
Contact (Historical): Citibank Agency & Trust, 388 Greenwich Street, New York, NY 10013.
2. Claims & Distribution Agent (KCC / Verita)
While often referred to as an "escrow" by shareholders because they held the records for the "Escrow CUSIPs," Kurtzman Carson Consultants (KCC) was the official Claims and Distribution Agent.
Role: They handled the actual "escrow markers" for former common shareholders (Class 22) and coordinated the distributions from the WMI Liquidating Trust.
Current Status: KCC has rebranded as Verita Global.
Contact Information:
Phone: (866) 381-9100 or (310) 823-9000
Website: veritaglobal.com
3. The Liquidating Trustee
The funds were overseen by the WMI Liquidating Trust (WMILT).
Trustee: William C. Kosturos (of Alvarez & Marsal).
Final Status: The Trust began its final wind-down in January 2020 and completed its final distribution around early 2021. The official trust website (wmitrust.com) has since been decommissioned.
Which "Escrow" are you looking for?
If you are looking for old common stock (Escrow CUSIPs): These were managed by KCC (Verita). Note that the trust dissolved in 2021, and most escrow markers were cancelled as there was no residual value for common equity.
If you are looking for the $4 billion+ tax refund escrow: This was a court-supervised account held during the litigation against JPMC and the FDIC, ultimately used to pay senior creditors and seed the WMI Liquidating Trust.
Would you like me to look up the specific final distribution report for a particular class of stock (e.g., Common Class 22 or Preferred)?
Yes
The final distributions for Washington Mutual, Inc. (WMI) occurred in several phases, culminating in the official wind-down of the WMI Liquidating Trust (WMILT) in early 2021.
The outcome for shareholders (Class 19 and Class 22) was split between "Reorganized Common Stock" (which has value today as Mr. Cooper Group) and "Liquidating Trust Interests" (which ultimately resulted in no further cash).
1. Common Stock Shareholders (Class 22)
Initial Distribution (2012): Eligible common shareholders who signed the required release received a pro-rata share of the 200 million shares of "New WMI" (now Mr. Cooper Group Inc., ticker: COOP).
The "Escrow CUSIPs" (939ESC968): These were "markers" created to track potential future distributions of stock from the Disputed Equity Escrow.
Final Stock Distribution (January 2020): The Trust distributed the remaining de minimis shares of Mr. Cooper Group Inc. stock from the Disputed Equity Escrow to Class 22 holders. Because the number of shares was so small, many retail holders received fractional shares or found that their positions did not meet the minimum threshold for a meaningful payout.
Final Cash Outcome: Class 22 was at the bottom of the "waterfall." Because senior creditors and subordinated claims (Class 18) were not paid in 100% full with interest until the very end, there was no cash recovery for common shareholders from the Liquidating Trust assets.
2. Preferred Stock Shareholders (Class 19)
Initial Distribution (2012): Preferred holders received the majority of the initial equity in the reorganized company (70% of the 95% allocated to equity).
Escrow CUSIPs: Tracked as 939ESC992 (Series R) and 9393ESC84 (Series K).
Final Outcome: Similar to Class 22, Preferred holders received their pro-rata share of the final equity sweep in 2020 but received no cash from the Liquidating Trust's residual assets.
Final Distribution Summary Table
Asset Class 18 (Subordinated) Class 19 (Preferred) Class 22 (Common)
Cash ~82% of face value + interest $0.00 $0.00
New Equity (COOP) N/A Majority Share Minority Share
Status Paid & Closed Closed (2021) Closed (2021)
Important Contacts for Records
Since the WMI Liquidating Trust is now dissolved, you may need to contact these entities for historical tax or holding records:
Verita Global (formerly KCC): They remain the repository for the bankruptcy claims and distribution history.
Phone: (866) 381-9100
Computershare: The transfer agent for Mr. Cooper Group Inc. (the successor to WMIH). If you held shares that were converted, they would be the ones managing the account.
Phone: (800) 962-4284
Brokerage Firm: If you held your shares in a brokerage account (like Schwab, Fidelity, or E*TRADE), they are responsible for your 1099-B and historical cost-basis records.
Would you like me to find the specific CUSIP conversion ratio for how the old WMI shares became WMIH (Mr. Cooper) shares?
Yes
When Washington Mutual, Inc. (WMI) emerged from bankruptcy in 2012, it was transformed into WMI Holdings Corp. (WMIH), which eventually became Mr. Cooper Group Inc. (COOP).
The conversion of your old WMI shares into these new shares happened in two main stages: the Initial Distribution (2012) and the Final Disputed Equity Distribution (2020).
1. Common Stock (Class 22) Conversion Ratios
If you held the original common stock (formerly ticker: WAMUQ), the conversion was significantly diluted because common shareholders were at the bottom of the payout "waterfall."
Initial 2012 Ratio: 0.00076346 shares of WMIH for every 1 share of old WMI common stock.
Example: If you held 10,000 shares of old WAMU common stock, you received approximately 7.63 shares of WMIH.
2020 Final "Escrow" Distribution: A final "sweep" of remaining shares from the Disputed Equity Escrow was conducted in January 2020. However, this was described as de minimis (extremely small). Most shareholders received no additional shares because the Trust did not issue fractional shares.
2. Preferred Stock (Class 19) Conversion Ratios
Preferred shareholders received a much higher percentage of the new company. The ratio depended on which specific series of preferred stock you held:
Old WMI Preferred Series Conversion Ratio (New WMIH shares per 1 Old share)
Series K (Class 19) 0.4950145
Series R (Class 19) 19.8005825
REIT Series (Class 19) 19.80058
3. The 2018 Reverse Split (WMIH to COOP)
To understand what those shares are worth today, you must account for the 1-for-12 reverse stock split that occurred on October 10, 2018, when the company rebranded to Mr. Cooper Group Inc. (COOP).
The Math: If you received 120 shares of WMIH in 2012, after the 2018 split, you would hold 10 shares of COOP.
How to find your shares today
Because the WMI Liquidating Trust is now dissolved (as of 2021), your primary points of contact are:
Computershare (Transfer Agent): They manage the records for Mr. Cooper Group Inc. If your shares were held in "book-entry" form (not in a brokerage), they are the custodians.
Phone: (800) 962-4284
Your Broker: If you held WAMUQ in a platform like Schwab, E*TRADE, or Fidelity, your "Escrow Markers" (CUSIP 939ESC968) likely disappeared from your dashboard in 2020/2021 when the trust was cancelled. You would need to request "Historical Realized Gain/Loss" reports from your broker for the tax years 2012 or 2020.
Would you like me to provide the specific CUSIP numbers for these "Escrow Markers" so you can reference them with your broker or Computershare?
Yes
When tracking your former Washington Mutual (WMI) holdings, the CUSIP numbers serve as the unique digital fingerprints for your "Escrow" positions.
Because the WMI Liquidating Trust has dissolved and the common shares were cancelled, these numbers are primarily used now for historical tax research or when requesting records from a broker's back-office.
1. WMI Escrow CUSIPs (The "Markers")
If you held the original WMI stock and signed the required bankruptcy release, your broker would have replaced your "WAMUQ" or "WAMPQ" shares with these "Escrow" identifiers:
Former Security Class Escrow CUSIP Number
Common Stock (WAMUQ) Class 22 939ESC968
Preferred Series K (WAMKQ) Class 19 9393ESC84
Preferred Series R (WAMPQ) Class 19 939ESC992
2. Successor Entity CUSIPs (The "Value")
The value from WMI moved into WMIH Corp, which then became Mr. Cooper Group Inc. * Current CUSIP (Mr. Cooper Group): 62482R107
Current Ticker: COOP (NASDAQ)
Former WMIH CUSIP: 92936U 109 (This was used before the 2018 1-for-12 reverse split and rebranding).
Why do these CUSIPs matter now?
Tax Loss Harvesting: If you never sold your WMI shares, they likely reached a "worthless security" status or were cancelled in 2021 when the Liquidating Trust officially closed. You can use CUSIP 939ESC968 to prove to a tax professional when the position was finally extinguished.
Missing Distributions: If you believe you were owed shares of Mr. Cooper Group but never saw them, you would provide the Escrow CUSIP to the transfer agent, Computershare, to see if there is a "book-entry" account in your name.
Next Step for You
If you are trying to find the value of an old certificate or account, would you like me to find the contact information for the Escheatment departments in Washington or Delaware to see if your shares were turned over to the state as "unclaimed property"?
————————————-
Actually, there has been a major recent development: Rocket Companies (RKT) officially acquired Mr. Cooper Group in a $14.2 billion deal that closed on October 1, 2025.
If you were holding WMI "Escrow" positions, here is exactly how that acquisition affects you:
1. The Common Stock Conversion (The Payout)
If you held shares of Mr. Cooper Group (COOP)—which were the shares eventually born out of the WMI bankruptcy—those shares were converted during the merger.
The Ratio: Shareholders received 11 shares of Rocket Companies (RKT) for every 1 share of Mr. Cooper Group (COOP).
The Cash Dividend: As part of the deal, Mr. Cooper also paid a special $2.00 per share cash dividend right before the closing.
What you see now: If your broker was still holding COOP for you, it should now appear in your account as RKT.
2. What happens to the "Escrow Markers"? (CUSIP 939ESC968)
This is the part that often confuses long-time WMI holders. The "Escrow Markers" (the CUSIPs we discussed earlier) were not part of the Rocket acquisition.
The Termination: The WMI Liquidating Trust (WMILT) officially completed its final distribution of all available Mr. Cooper shares in January 2020 and dissolved in 2021.
No Residual Value: Because the Trust is closed and all assets were distributed or used to pay senior creditors, the escrow markers themselves had no remaining value at the time of the Rocket merger.
Rocket didn't buy the "Escrows": Rocket bought the active company (Mr. Cooper). They did not assume any liabilities or obligations to the old WMI bankruptcy "escrow" holders whose claims were already extinguished by the bankruptcy court.
3. If you still have old Paper Certificates
If you have physical WAMU certificates or "Escrow" statements and see no RKT or COOP in your brokerage account:
Search Unclaimed Property: If you didn't claim your Mr. Cooper shares between 2012 and 2025, they may have been "escheated" (turned over) to the state. Since WMI was a Delaware corporation and based in Washington, you should check the Unclaimed Property websites for both Delaware and Washington State.
Contact Computershare: They were the transfer agent for Mr. Cooper at the time of the merger. They would be the ones holding any "lost" shares that weren't in a brokerage account.
Summary of Your Current Position
If you had COOP shares: You are now a Rocket (RKT) shareholder (at an 11:1 ratio).
If you only had "Escrow Markers" (939ESC968): These likely have zero value and were not converted into Rocket stock, as the WMI Trust assets were fully exhausted years before the Rocket deal.
Would you like the direct links to the Washington or Delaware Unclaimed Property search tools to see if any funds are waiting for you there?
But coop was bought by RKT SO WHAT HAPPENS TO ESCROW HOLDERS NOW
Actually, there has been a major recent development: Rocket Companies (RKT) officially acquired Mr. Cooper Group in a $14.2 billion deal that closed on October 1, 2025.
If you were holding WMI "Escrow" positions, here is exactly how that acquisition affects you:
1. The Common Stock Conversion (The Payout)
If you held shares of Mr. Cooper Group (COOP)—which were the shares eventually born out of the WMI bankruptcy—those shares were converted during the merger.
The Ratio: Shareholders received 11 shares of Rocket Companies (RKT) for every 1 share of Mr. Cooper Group (COOP).
The Cash Dividend: As part of the deal, Mr. Cooper also paid a special $2.00 per share cash dividend right before the closing.
What you see now: If your broker was still holding COOP for you, it should now appear in your account as RKT.
2. What happens to the "Escrow Markers"? (CUSIP 939ESC968)
This is the part that often confuses long-time WMI holders. The "Escrow Markers" (the CUSIPs we discussed earlier) were not part of the Rocket acquisition.
The Termination: The WMI Liquidating Trust (WMILT) officially completed its final distribution of all available Mr. Cooper shares in January 2020 and dissolved in 2021.
No Residual Value: Because the Trust is closed and all assets were distributed or used to pay senior creditors, the escrow markers themselves had no remaining value at the time of the Rocket merger.
Rocket didn't buy the "Escrows": Rocket bought the active company (Mr. Cooper). They did not assume any liabilities or obligations to the old WMI bankruptcy "escrow" holders whose claims were already extinguished by the bankruptcy court.
3. If you still have old Paper Certificates
If you have physical WAMU certificates or "Escrow" statements and see no RKT or COOP in your brokerage account:
Search Unclaimed Property: If you didn't claim your Mr. Cooper shares between 2012 and 2025, they may have been "escheated" (turned over) to the state. Since WMI was a Delaware corporation and based in Washington, you should check the Unclaimed Property websites for both Delaware and Washington State.
Contact Computershare: They were the transfer agent for Mr. Cooper at the time of the merger. They would be the ones holding any "lost" shares that weren't in a brokerage account.
Summary of Your Current Position
If you had COOP shares: You are now a Rocket (RKT) shareholder (at an 11:1 ratio).
If you only had "Escrow Markers" (939ESC968): These likely have zero value and were not converted into Rocket stock, as the WMI Trust assets were fully exhausted years before the Rocket deal.
Would you like the direct links to the Washington or Delaware Unclaimed Property search tools to see if any funds are waiting for you there?
Yes
Given the October 1, 2025, acquisition of Mr. Cooper Group (COOP) by Rocket Companies (RKT), any value you hold depends entirely on whether your old WMI holdings were successfully converted into Mr. Cooper shares before the trust dissolved.
If your shares were not in a brokerage account, they may have been sent to the state as unclaimed property. Use the following official tools to search for any funds or shares under your name.
1. Where to Search for Your Funds
Since Washington Mutual was based in Washington but incorporated in Delaware, check both state databases. Use your name (or the name of the entity that held the stock).
Delaware Office of Unclaimed Property
Website: unclaimedproperty.delaware.gov
Why: WMI Holdings (the successor) was a Delaware corporation. If dividends or shares were not claimed, they would likely be here.
Washington State Unclaimed Property
Website: ucp.dor.wa.gov
Why: WAMU was headquartered in Seattle. Older assets from the bank era are often found here.
MissingMoney.com
Website: missingmoney.com
Why: This is a national database endorsed by states to search multiple jurisdictions at once.
2. Contact the Transfer Agent
If your search of state databases comes up empty, the shares might still be sitting with the transfer agent in a "book-entry" account. Computershare handled the Mr. Cooper shares leading up to the Rocket merger.
Entity: Computershare Trust Company, N.A.
Phone: (800) 962-4284 (U.S.) or (781) 575-3120 (International)
What to ask: "I am a former shareholder of WMI Holdings (COOP). I need to check if there are any shares or cash from the Rocket Companies merger on October 1, 2025, being held in my name."
3. Summary of the Rocket Merger Math
If you find that you do have valid holdings, here is how the conversion worked on October 1, 2025:
Original Asset Conversion to Rocket (RKT)
Mr. Cooper (COOP) Shares Received 11 shares of RKT for every 1 share of COOP.
Cash Component A special $2.00 per share cash dividend was issued.
WMI Escrow Markers No value. These were cancelled in 2021 and did not convert to Rocket stock.
Important Warning for "Escrow" Only Holders
If your brokerage account shows a position with a CUSIP like 939ESC968 with a value of $0.00, this confirms that you held the "escrow markers" but did not have the actual underlying equity. Because the WMI Liquidating Trust exhausted all its money by 2021, these markers were essentially turned off. They were not part of the Rocket deal.
Would you like me to help you draft a specific inquiry letter to send to Computershare or your broker to get a definitive answer on your position?
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