Replies to post #495682 on Mr Cooper Group Inc fka COOP

[EXDIMER]

Bob your missing the point

No one has shown any evidence that such assets exist, and in the business that we were in at WAMU, Safe Harbor was used in the normal way, to protect MBS investors. So, how does one logically conclude that such assets exist?

[LuckyPanda]

I think Wamu 1031 Exchange is the key mechanism here. If safe harbored accrued interests money were not tax deferred, I would imagine either FDIC or JPM would have reported taxes paid on the off balance sheet assets that were reported in previous years. So I think there needs to be some sort of tax deferment mechanism to return tose profits back to escrow. What better way than shares for value exchange with WMIH.

Again, I think the key mechanism here is Wamu 1031 Exchange. Fortunately, we do not have much longer to wait to find out as it is due to close down by end of this year.

My most logical hypotheses right now is that the merger has been approved and we are simply in a SEC mandated quiet period. I think if we do not see an 8k disclosure by end of Monday of NASDAQ delisting notice, I think it is safe to assume that we are in a quiet period.

[hotmeat]

1) WMIH is a Newco and essentially distinct from WMI except for the property stated to be transferred and therefore has no claim against legacy WMI Assets..

2) The logical beneficiary for any ABS/MBS Trust payments was WMIIC, which the LT has already claimed the Assets of in past filings.

3) WMI, now the LT, was the SOLE parent and beneficiary of WMIIC not WMIH, whose 100% Equity Interests are worthless in the absence of any Assets, re the former WMI/WMB Equity relationship.


If this is the format that will be used, as I can see no other, a Stock for Value event is not plausible... all IMO of course.