Replies to post #402084 on Mr Cooper Group Inc (COOP)

[tanjazielman]

I disagree.

[ora123]

Yeah we are physical being robbed. Cat is absolutely right Wamu was virtually solvent only on the report.

[tanjazielman]

Disagree.

Why?

110 billion in withheld loans during bankruptcy (with a possibility these belonged to WMI)

Assets way more than liabilities, when wamu was shut down.

Actions, actions and actions!

TPS was willing to take their claim all the way to Supreme Court, but after knowing what they were settling for turned 180 degrees. And no way because they didn't have another choice, they would've fought tooth and nail to get their investment back. They got a peek by deposing EC, and learned what was behind the fence.

PIERS were promoted here, but buying of preferred and commons went on heavily even after voting deadline.

No third party suits whatsoever. Even 12 of the 20 million from the litigation are pulled out.

Susman didn't bill anything significant in 2013 (because they did their job already during mediation in 2012)

GS discovery motion is withdrawn, because of no damages. Because we ARE going to be made whole!

WMIH after more than 2 years, has little development and even less disclosure about where they're going and how our recovery is going to turn out "fair and reasonable"

All these actions and many more tell me fair and reasonable is not only coming from WMIH. It will come mainly from escrows.

100% convinced of that.

[drrugby]

Catz,

Something to ponder..

WMB Valuations from the FDIC website as of 30 June 2014.

http://www.fdic.gov/bank/individual/failed/wamu.html

see link XII. for bank balance sheet as of 30 June 2014.

https://www5.fdic.gov/drrip/bal/balancesheet.asp (bad link)

FDIC has 2.7b$ funds on the books for WMB of which 1.9b$ is JPM P&A Funds and nearly 800m$ is from the WAMU BK Settlement.

Tax Matters . It is the understanding of the Parties that this Section 2.4 allocates (i) the Homeownership Carryback Refund Amount thirty and three hundred fifty-seven thousandths percent (30.357%) to the FDIC Receiver and sixty-nine and six hundred forty-three thousandths (69.643%) to WMI, and (ii) all other Net Tax Refunds eighty percent (80%) to JPMC and twenty percent (20%) to WMI, and this Section 2.4 shall be interpreted in a manner consistent with this understanding.

Read more: http://agreements.realdealdocs.com/Settlement-Agreement/GLOBAL-SETTLEMENT-AGREEMENT-2854304/#ixzz388c8EhIP

I believe this is the method of which they plan to close the sale of WMB assets.

http://www.fdic.gov/bank/individual/failed/wamu_global_settlement_agreement.pdf

Based upon FDIC Balance sheet Valuations JPM maybe on the hook for another 11.5b$ to clear the FDIC of responsibility of which nearly 8b$ would come back to the WMIHLT estate for the Unsubordinated Debt to pay off the MBS Loans ties to Preferred Shares (P's/K's) which would be split 75/25 with common shares.

GLTA.. Go Escrow Go..

DrR..