Replies to post #509227 on Mr Cooper Group Inc (COOP)

[user7770]

We don't directly have any interest in these trusts ("Wamu trusts"). At best, some of that money will be paid to WMILT, based on WMI's direct or indirect "participation" in these trusts, then WMILT would pay it to us, whenever the hell they feel like it. Then again, with the old WMIIC entity being dissolved, who knows where that money is going. Hopefully, directly to WMILT, or possibly to us thru KCC instead. Who knows.

But yeah, the long/short is that the CUSIPS in the DB PR's are those of the trusts, not our escrows, which were set up for us by WMILT, years after these trusts became a thing.

[boarddork]

lol, your tracking markers, if you have any, denote your percentage of interest in the actual original legacy WMI certificate holder, who actually receives the notice from the trustees DB, USBANK, LaSalle, Bank of America, etc. Hundreds and hundreds of certs... hundreds and hundreds of notices.....Billions and Billions of dollars sitting and accumulating since 2008....

As the legacy WMI certificate holder entity gets paid, and you released for your share of that entity and all other legacy entities (from this middle man in a sense) then you/we/who released gets paid.

When you buy scalped tickets to a game, or concert, they dont necessarily have your name on them, just the actual seasons ticket holder.........yet you still get in the game dont you?

Hope you got in the game