Replies to post #516894 on Mr Cooper Group Inc fka COOP

[hotmeat]

What's the point???

What i posted, based on the wording, means that ALL assets that WMI owned/held as of the ED were considered to be LTA'a...ALL!!!!

On the ED, only some (CERTAIN) assets were transferred to the LT to be liquidated and distributed to LTI holders.

I speculate that IF there are SH interests owned by WMI/WMIIC (ie "the Debtors") that those could be returned once circumstances permit.

[boarddork]

"as of March 19, 2012 (the “Effective Date”)" is a huge clarifying line in the sand, between what is - or isnt the LT's to distribute.

The LT's assets comprise only those as of March 2012. Any cash, assets, mortgages, servicing, etc......anything not part of the Bankruptcies #1 (WMIIC) and #2 (WMI) pursued beyond March 19 2012.....is not the LT's to distribute.

Pretty clear to me!