Replies to post #451182 on Mr Cooper Group Inc (COOP)

[W3Research]

S4U, Very Interesting Post and Info from the past! Thanks! ...

sharing4u Monday, 05/16/16 12:53:50 AM
Re: None
Post # of 451182


I am not an insider nor a prophet, only a reader, not even in a position to consider myself a thinker ... recently I became a dreamer. I am quoting the following posts from boarddork and LG:
Possible hidden mortgage assets in legal isolation in the WMI family:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115671029
Possible assets under FDIC-R ; Safe Harbor: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121462197
Then my estimate as deducted from above:
1. WMI[WMILT]: $240B-278B
2. FDIC-R[WMILT]: $151B-220B
Total: $391-498B returning to WMILT, by taking average: $444.5B will be returning to WMILT then to escrow holders in tiered time.
I could had been instilled/intoxicated/hypnotized by many +ve thinkers on this board. But please tell me my reading was based on thin air: “You are totally WRONG!” Please enlighten me why these happened in history and not being related:
1.WMI in 2003 began to manage how to preserve assets in case WMB will be taken over one day. FASB implemented "legal isolation".
2.WMIIC & WMI filed independent bankruptcy on 9-26-2008 in Delaware and will merge into WMIH. WMB servicing loan of $689.7B, including $442.7B for other banks (? Large portion could be for WMI) and $247B owned by the bank. Where are the WMB mortgages now? Do you still remember PAA regulations of FDIC: 1% premium on cash deposit + book value ?
3.The $151B showed up 3 times in 3 entitles:
a. WMB statement 12-31-2008
b. FDIC subrogated claim 2015 balance sheet
c. JPM 8k 4Q2015
( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122318420 )
Could my teachers from this board set up a “day dreaming” trap for you and me? Or their reasoning stands on solid grounds.
Because of the escrow markers, I am thinking of forming a charitable foundation to help the needy; first priority will be on relief: 21,000 human die everyday due to starvation and diseases from malnutrition. Are you hearing their cry for food? Are we dreaming together for a good purpose?
Would Jamie donate to this foundation out of remorse? (IMHO)