Replies to post #490199 on Mr Cooper Group Inc (COOP)

[ItsMyOption]

AZCowboy, Do you believe the reason for low pps under $1.00 is because of the loss of NOL's?

I guess I am confused as to why that 6 billion NOL can not be used?

[Johnnyiwantsome]

As I said I would, I had asked the contacts at the FDIC to answer the questions 1-7

1. Is WMI listed as a creditor too WMB ?
2.What was the total $ and estimated assets transferred to JMPC and what was left at the holding company.
3.What was the asset balance on the seizure date. What specifically was transferred from WMB/WMBfsb and transferred to JPMC to date?
4.Do you have a true and accurate account of the all assets and liabilities in the P&A?
5.What was the true or estimated cash and assets at time of seizure for wmb /wmb fsb ?
6.Is the P&A closed.
7.Can wmi/wmih proceed independently of the status of receivership?


The contacts replied with the updated page. To which I replied,

You and you replied with the update page. I have read thru all the links and they do not answer the questions below could you please answer these? I am not asking for secret or classified information. Thank you

Regards,


TO WHICH THEY HAVE NOT ANSWERED !

[Large Green]

AZC, if WMIH has lost the NOLS to which I agree, this is a Material Development requiring an 8K filing within 4 business days.

This just as WMIH paying of the notes was an 8K requirement BUT they have not filed it YET. This is a must within 4 business days...Where is the 8K...waiting to get all recent developments into one 8K? I posted the following earlier.

____________________________________

NO WMIH 8K (Only PR) for Run-off Notes Payoff - Why not? 4 business days -Waiting to include more material developments in 8K filing - LARGE STYLE news imminent?

[clawmann]

"NOL's Are GONE"

No. They are not. And I do not care to attempt to understand the reasoning - if one can call it reasoning - that you used to reach such a conclusion.

[johnheps]

So AZCowboy, if the NOL's are gone what does that mean for WMIH?

[mufa]

AZCowboy, thank you for sharing your thoughts. Wmih start putting all the puzzle pieces together, we are close to end this journey, that's going to happen sooner than we think. IMo
Thank you AZ

[UncleBo]

Thank you AZ Cowboy for keeping us up to date...

And who was a signature on the 3-way settlement (JPM, FDIC(C&R), DBNTC) ?! It was WMMSC, right...and what did the PAA say - the assets of the bank subs were not assets purchased...where are they then ?

https://whalewisdom.com/filer/washington-mutual-mortgage-securities-corp

Cheers,

Uncle Bo

1 Washington Mutual Mortgage Securities Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association (“JPMCB”) acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these assets.