Replies to post #517110 on Mr Cooper Group Inc fka COOP

[jerrylev]

BD, I agree with everything you said. But with due respect, it was true only before the ED. Since then, the stocks including preferred were canceled. But I agree with you that the securitized parts that belong to WMI were not canceled and stay with us. So I agree with you that part of DB payment is also our money but only for the securitized parts.

[hotmeat]

Read the Prospectus's for the Wampq + Wamkq Prefs, it's as clear as can be.

Those shares were never associated with any Trusts but rather the financial performance of WMI, which paid their dividends or NOT.

WMI had inter-company agreements with certain Subs that funded it from profits and/or retained interests in MBS's.

That misinformation was introduced to the board and allowed to take root, but it's 100% wrong and proved so already.

[Olti100]

Yes but I do hope that there is a normal law and a BK Law which prevails if a company ask for BK Protection?You do understand this I hope?