Replies to post #515030 on Mr Cooper Group Inc (COOP)

[hotmeat]

What does buying or selling have to do with our Escrows/LTI's? The LT received, processed and directed the brokers on how many escrows we received. The LT is the only body who liquidates assets and distributes cash and/or shares to any Escrows/LTI's we may receive.

The brokers are just a repository for these benefits and have zero influence on what will occur in this case. They have no info as to what will happen and are usually clueless when asked. That IMO says alot about their overall importance to the process.

[jerrylev]

Just for your info, I recently consolidated all of my escrow markers that are scattered in 3 accounts into one. All accounts are from TDA but that is irrelevant.

As for my WMIH shares, I lost track of which shares came from my old converted P and which shares did I buy recently. TDA came up with a cost basis for those shares for my tax purpose. I used it for filing my tax just for convenience and it is advantageous for me to use, because the cost basis they calculate is rather high. If I get audited by the IRS then I just say that is what TDA calculates for me.

You give too much credence to your 2 cents broker and here is potentially millions of dollars that you trust them to handle it properly.