Replies to post #496948 on Mr Cooper Group Inc (COOP)

[katekir1234]

You can not keep bringing up the assets outside BK process:there are assets outside BK or there are none.But if there are assets outside ,they have to come out now and should already have come out.And not keep bringing this up untill we all passed a

[bkshadow]

You forgot 2 important things; reality...

...based, of course, IMO and OSM.

...comments in RED.

goodietime Member Level Friday, 11/24/17 08:18:01 AM
Re: bkshadow post# 496947
Post #
496948
of 496952 Go

You forgot nope, not at all; can't FORGET SOMETHING THAT NEVER EXISTED; also, see quote from post re: such below. 2 important things fantasies;

1. Assets held outside of the BK Process. Nope, that's a new fantasy created over the past year or so; total lack of basic understanding of bank accounting, financial reporting and, specifically, the process of mortgage-backed securities. :-(

...a helping hand; Safe Harbor is applicable during securitizations (note, there were NONE in 2008 that were in process at WMB or Sub), and SERVE TO PROTECT THE INVESTORS THAT HAVE COMMITTED TO BUY THE MBS FROM the FDIC and creditors. :-(

...more help, Safe Harbor applied to BANKS (and subs); WMI/WMIIC were/are NOT BANKS and never participated in such as per WMILT court filings against the delinquent borrowers looking for a 'free ride. :-(

...if WMI/WMIIC bought or were transferred 'completed MBS securities (post Safe Harbor even in Loma Linda, California) such would be recorded as INVESTMENT ASSETS. Continuing, 'assets are RECORDED; as such, can't be Off-Balance. :-(

More importantly, Actually, of NO IMPORTANCE TO ALL regarding the residual funds that might, if all goes well, drip their way down to equity(ies) what ANYONE has done. :-(

...of note, it sure turned out massively profitable :-D to have sold the remaining "few shares held" aks 15K Ps when the Mediated Settlement terms were disclosed in December 2011; kinda TANKED thereafter; and NOTHING AT ALL from WMIH, and "more importantly," from the WMILT.

2. YOU did NOT release. So, the proceeds of#1, do NOT go to you. Since #1 DOESN'T EXIST, not a problem at all. ;-)

...note the Safe Harbor fantasy; didn't FORGET.

bkshadow

…scotomisation or confirmation bias-based fantasies, and much, much more, such continue to purport UNICORNS in trillions of trees.

…3/4ths of a trillion of WMB and sub mortgage-backed securities, $2B-900B-$10B pogo stick in retained assets, perpetual income streams from 100% owned ‘certs, $24B book value 100% to take place in March 2017 for the 5-year Capital Loss tax rules, WMIH shares-for-value of hidden off balance assets in WMIIC @ either the WMILT or WMIH, $165B of off balance Safe Harbor first @ JPMC, then @ FDIC-R; but nowhere to be found, now the European WMB noteholders, the Trust Preferred Securities that JPM now has to pay but has not disclosed in SEC filings and has been audited for almost 10 years, $24B solely because 32-8=24, billions in DELL purchased NOL tax refunds, etc. et al 'it always changes; all trillions upon trillions *and more that were FOUND, missed by over a BILLION FEE-PAID PROFESSIONALS, and always 100% never came true.