Replies to post #482388 on Mr Cooper Group Inc (COOP)

[UncleBo]

Frankly, I don't know either...

For everyone who diligently follows the case and reads the documents...the FDIC site with the status of the receivership NO LONGER states that the shareholders are not likely to receive recovery and it has been like that for a while

I don't know how many times it has to be told...

...the DB case has nothing to do with escrows, WMI, WMIIC, WMILT, WMIH or former shareholders directly or indirectly.

-actually it has a lot to do with it...it lists an actual loss of 17.7B dollars loss, documented, court filed in the verified petition as confirmed and agreed by the FDIC. That is about ONE POSIT difference vs. what JPM has said and has been purported 29.9B why the difference - R203. Everyone does their own math...

--download the pdf and at the bottom there are the numbers you can copy and paste to excel, if you doubt call the FDIC and ask if this is a legitimate website

http://www.globic.com/wamurmbssettlement/pdfs/3.%202017%2004%2028%20FILED%20WAMU%20TIP%20Decl%20of%20Robert%20Stevens%20re%20Notice%20to%20DTC%20of%201%20Complex%20Designation,%202%20Notice%20of%20Hearing%20Date,%203%20Civil%20Complex.pdf

--THE ONE POSIT
www.kccllc.net/wamu/document/0812229110209000000000001

--THE COURT: Well, let me posit this. The valuation
3 comes back that the reorganized debtor is worth ten billion
4 dollars. Isn't that something I have to take into
5 consideration when I determine who is getting the equity in
6 that entity and whether or not those creditors are receiving
7 more than they're entitled to under the plan?

...it deals with an allowed claim CA Probate Court approval that will result in a dollar recovery as per the Expert Witness in such case.

...such Expert Witness "Report" clearly establishes how the WMB receivership assets are insufficient to cover the claim, along with the Senior bondholders, so there will be a pro-rata sharing of the minimal funds available.

...such clearly illustrates, what has been known to all since 2008, that WMI, WMIIC, WMILT, WMIH or the former shareholders will receive NOTHING from the FDIC receivership, directly or indirectly, or JPMorgan, or the US government.

...again, I don't know how many times it has to be told.