Replies to post #502370 on Mr Cooper Group Inc fka COOP

[Mr Bombastic]

Why do you believe there will be a hearing next Tuesday? What evidence do you have that this will take place?

[footballref-8541]

Would we need a hearing for the CofC to happen? I don’t think so.

[BBANBOB]

TANZ HAPPY NEW YEAR btw

"""This is not perticularly beneficial for WMIH investors (and Gene Davis amongst others, because they had to part with their shares they accummulated in the 5 years of BOD duty due to a lack of Merger/acquisition)."""

Wasn't this changed or amended in one of the 8K's concerning funding???? Like extending it to 6 months AFTER THE 5 YR WINDOW IF IF IF an M&A took place before or up to 6 months after the 5yr window????????

[Royal Dude]

Thank you Tanj for your amazing depth.

[sharing4u]

tanjazieman,

Two thumbs up to you!!
Your insight and logically reasoning are "much above my pay grade" LOL.

A aircraft carrier like WMI with over 120 SPE1 and SPE2 Trusts and so much other assets.
1. Do you think there will still be some illiquid assets that will be paid by WMIH Corp that will benefit the share price of wmih ?

2. As EZ counted that there are 123 trusts recorded in SEC existing before selling to JPM on 12-8-2017. Taking a comparison of DB holding 99 trusts valued at $165B, averaging $1.67B each. $1.67B x 123 x 0.25 (assuming 25% participation)=$51.35B as value of trusts in cash returning to WMILT. Do you think this should be a close figure? Or you have other intuition?

3. You mentioned there could be distribution to escrow marker holders in Feb 1, 2018 and subsequent distribution dates in 2018. But Piers are still pending to be completed and employee's claims to be courted by Sept 2018.
How could distribution happen?

[Large Green]

Thank you very much for your wonderful post. I along with many others totally appreciate your sharing, your fact finding and thought process with us.

My thoughts are that a Material Development has either already happened or is in process of happening and if so we shall know within a week or so.

I also expect we may see distributions from the recent settlement with JPM, DB and the FDIC st the end of Jan/2018 and or the first week or so in Feb.

[BBANBOB]

6. Of course the hedgies want this to be distributed in 2018 because of new Tax reform laws. You can call it a sacrifice of the NOL's in WMIH for a better tax treatment of cash in the 363 sale (in the form of 1031 exchange) with a distribution in 2018.


AND if as it has been suggested that a CIC wipes those out anyway, has it even actually been about NOL's, I for one have always questioned that line of thought.

Saving taxes on 6 bill @ 39% is about 1.92bill dollars, so what if ya have 65 bill coming back to us all via the LT and or the markers and you(HEDGIES) held 80% of the prefereds and common markers or $52 bill of those markers over all would ya really give a chit or care?

SIMPLE way to put it, will you take a 2% cut off your asking price on a house or a car or will ya stand tough and let the deal walk......Hell most will take a 5-7% cut on asking price of a house not to lose a deal...........

[AZCowboy]

~ Tanja, And Always, My Very Best To You and Yours As Well ~

I found this portion of your post to be interesting on a couple of levels, ...

”According to the corporation registry of California, WaMu 1031 Exchange was dissolved on the 8th of December (WMILT entity) of 2017;
- on exactly the same date Long Beach, Wamu Capital Corp, WMMSC, WMAAC and another entity (former WMB entities) merged into JP Morgan according to corporation registry of California”;

First, ... Because WCC (WaMu Capital Corp., was actually the dealer broker for WMMSC (the “Master Servicer”), and for WAAC, ... I had originally viewed the dating of the dissolving of C0855386 to be on June 29, 2017’ ... two days after 6458276 was initially registered on 06/27/2017 ...

I just figured the actual, MONTH (JUNE), had been purposely left out, ... (I’ll bold it in red below’, for you to see what I mean,)

Company Name: WAMU 1031 EXCHANGE
File Number: C0855386
Filing State: California (CA)
Filing Status: Active
Filing Date: November 7, 1977
Company Age: 40 Years, 2 Months
Registered Agent: Corporation Service Company Which Will Do Business In California As Csc - Lawyers Incorporating Service
2710 Gateway Oaks Dr Ste 150n
Sacramento, CA 95833
Mailing Address:
800 Fifth Avenue
Suite 4100
Seattle, WA 98104

Company Contacts
WILLIAM KOSTUROS Officer
800 Fifth Avenue
Suite 4100
Seattle, WA 98104

Wamu 1031 Exchange is a California Domestic Corporation filed on November 7, 1977 . The company's filing status is listed as Active and its File Number is C0855386.

The Registered Agent on file for this company is Corporation Service Company Which Will Do Business In California As Csc - Lawyers Incorporating Serv and is located at 2710 Gateway Oaks Dr Ste 150n, Sacramento, CA 95833. The company's mailing address is 800 Fifth Avenue Suite 4100, Seattle, WA 98104.

The company has 1 principal on record. The principal is William Kosturos from Seattle WA.

Wamu 1031 Exchange is a Delaware Corporation filed on June 27, 2017 . The company's File Number is listed as 6458276.

Company Name: WAMU 1031 EXCHANGE
File Number: 6458276
Filing State: Delaware (DE)
Domestic State: California (CA)
Filing Status: Unknown
Filing Date: June 27, 2017
Company Age: 7 Months

wamu 1031 Exchange delaware
WAMU 1031 EXCHANGE
CALIFORNIA DOMESTIC CORPORATION

Address: 800 Fifth Avenue
Suite 4100
Seattle, WA 98104
Registered Agent: Corporation Service Company Which Will Do Business In California As Csc - Lawyers Incorporating Service
Filing Date: November 07, 1977
File Number: C0855386 dissolved 29th of 2017 ... (dissolved 29th of JUNE 2017)

WAMU 1031 EXCHANGE
DELAWARE CORPORATION
WRITE REVIEW
Address:
Registered Agent:
Filing Date: June 27, 2017
number: 6458276

Wamu 1031 Exchange is a Delaware Corporation filed on June 27, 2017 . The company's File Number is listed as 6458276.

... I viewed this issue as, ... ONE dissolved (C0855386), ... as the OTHER ONE opened (6458276), ... with only a TWO DAY window, ... not with a six month window in between ...

I would like to return to the remaing concerns, ...

AZ