Replies to post #512032 on Mr Cooper Group Inc fka COOP

[jerrylev]

AZ, with due respect, I don't think anybody is ~ Twisting The Words ? To Accommodate ? Is Wrong' ~

We all agree that WMIIC is a subs of WMI which was never sold to JPM and it belongs to the Estate. And who owns the Estate? TPS, Preferred, Commons, all in one basket but in various percentages of ownership.

[hotmeat]

Quote: "~ Twisting The Words ? To Accommodate ? Is Wrong' ~"


Yes it absolutely is, especially when actual documents state as much and which the WMILT restated in a subsequent filing that..."the LT owned the assets of WMIIC and WMIH owned 100% of Equity Interests".



2. What are the Liquidating Trust Assets?

The assets that are to be held and distributed by the Liquidating Trust (the “Liquidating Trust Assets”) comprise all of the assets of Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMI Investment” and together with WMI, the “Debtors”)) as of March 19,
2012 (the “Effective Date”), other than:


(e) the equity interests in (i) WMI Investment (all the *assets* of which shall be contributed to the Liquidating Trust, including any Intercompany Claims),(ii) WM Mortgage Reinsurance Company (“WMMRC”), and (iii) Washington Mutual Bank (the stock in Washington Mutual Bank was worthless and was abandoned by WMI shortly before the Effective Date).