Replies to post #535682 on Mr Cooper Group Inc fka COOP

[ParallelTrader]

This should be A sticky!

Excellent work

[AaronTrainer]

Thank you for your hard work!

[wamuvoodoo]

Came right out and said all equities assets are being held in Safe harbor

[AaronTrainer]

Sounds to me like-
1. Escrow riches hopes are dim.
2. WMIH future is bright, though maybe not miraculous.

[Mr_Simpson72]

Outstanding! Thanks for contacting Rich Delgado on behalf of all of us.

Reinsurance will be important in future... FDIC has to settle with LT...

Assets could be in Trusts in Safe Harbor... thats my reading out of this excellent work you have accomplished.

[jerrylev]

MY TAKE ON THIS IS:
- THERE WILL BE NO SHARE 4 VALUE WITH NEW COMPANY AND EQUITY HOLDERS

- THAT THERE WHERE POSSIBLE SUBS FROM WMIH HOLDING THAT WERE NOT PART OF MERGE DEAL – REMEMBER ALL THE WAND SUBS SET UP – THIS MERGE ONLY INCLUDED THE WAND MERGE CORP AND NONE OF THE OTHERS – WE NEED TO SEE IF ANY OF THOSE ARE STILL SUBS OF OLD WMIH HOLDING. ALSO, HE MADE A POINT THAT THE MERGE ONLY INCLUDED WMIH CORP AND NO OTHER WMIH HOLDING SUBS OTHER THEN THE RUN-OFF INSURANCE SO IT IS POSSIBLE OUR EQUITY INTEREST ARE STILL SITTING WITHIN A SUB OF WMIH HOLDING.

-
RICH WAS VERY POSSITIVE ON THE FITURE GROWTH OF WMIH, AND FEELS IT WILL CONTINUE TO GROW FAST BUT NOT ON THE SAME % AS IT HAS AS COMPANY IS MUCH LARGE.



To add to your excellent summary and in layman terms:

- WMIH/COOP has nothing to do with old WAMU

- As a servicer, it services loans from everybody including potentially JPM, Ocwen, Wells Fargo, BoA, FDIC and possibly WMI LT before the trusts are liquidated. As a servicer. COOP is agnostic to the owners of the loans and merely collect payment on behalf of their customers for a fee.

End of story.

Hopefully the S4V theory will be dead for good after your excellent post but I doubt it.

[newflow]

itsMYOPTION THANK YOU FOR THE VALUABLE INFO.GOOD WORK.

[sillyinvestor]

Excellent work, and much appreciated!

[xoom]

Thanks for your efforts.
This IMO is a key point

B:, Why do WMIIC and WMI continue to File with Individual IRS Tax ID Numbers ?, ...
Answer: Again the merge has nothing to do with any subs of the WMIH holding comp. and any Equity assets interest should be considered not part of the merge and still held by ether past sub, the LT or still in Safe Harbor.

[bkshadow]

IMO, nice effort, but "not word for word" as...

...you stated.

...specifically, it's pretty clear in that the following statement his reference to 'safe harbor would not be in such person's vocabulary based on both the question and the actual, real activities of WMIH and/or NSM pre or post merger.

...again, complements on the effort though.

ItsMyOption Thursday, 08/30/18 01:47:33 PM
Re: None 0
Post #
535682
of 535712
VERY IMPORTANT QUESTIONS AND ANSWERS FROM WMIH IR DEPARTMENT;

Note: I got permission from Rich Delgado to post my questions and I did my best to type his response but not word for word which will be in red.

B:, Why do WMIIC and WMI continue to File with Individual IRS Tax ID Numbers ?, ...

Answer: Again the merge has nothing to do with any subs of the WMIH holding comp. and any Equity assets interest should be considered not part of the merge and still held by ether past sub, the LT or still in Safe Harbor.

...clearly not word for word.

...his reply was about the tax returns.

...and the question DID NOT INCLUDE A SINGLE WORD ABOUT EQUITY ASSETS OR INTERESTS.

[boarddork]

Thanks IMOption and thanks to Rich for being willing to speak with shareholders. It is a new experience that we've never had from Mike Willingham, etc, who likes to run out of the room from shareholders, and would rather create multiple message board IDs for his friends to jerk around with as compensated issue advocates.

That is a very interesting clarification that the NSM merger was only with WMIH and WMRRC. And that assets could exist (as we know) outside of this merger. That is exactly why WMIH had to be.....the surviving entity. It's nice of Rich Delgado to say they'd love to service any liquid trust assets should any be unliquidated.

This narrows down the list of who's hiding the sausage still. The FDIC thru safe harbor, and/or our lovely LT representatives thru Alverez & Marsal. Both still using the cloak fo Walraths' bankruptcy court to play games and keep the truth swept under the rug.

[Large Green]

ItsMyOption, thank you very much for taking the lead on this issue. This took a lot of time and diligence and I and many others appreciated this a great deal. It sounds to me like you forged a wonderful relationship with Rich and many Kudos to you!!!

My take on where the money may come from:


1) Confirmed Safe Harbor a subject many of having studied, understood to a degree and now Rich confirms this as well


2) Confirmed retained assets sent back to the Trustee in charge of the Trusts which confirms similar language from a subject matter expert CBA09


3) The 65 billion Calif/DB/JPM case settled and Judge asks if "Moms and Pops" were noticed and it was said they were so these monies have had to be paid on our behalf to someone/somewhere. So, this tells me our monies may have been paid into a (DST) Delaware Statutory trust or similar controlled 100% by Kosterus


4) WMMRC had to have a multitude of billions backing the insurance policies in run-off mode. I have confirmed in filings this would be almost all cash by the first quarter of 2019. Now Rich has confirmed this company will be gone by end of 2018 which means a multitude of billions belong to Marker holders and/or WMIH. Either way, we receive a lot via markers and/or the value of WMIH will rise dramatically from current prices. This could be in the "tens-of-dollars" per share depending on how many billions and the ownership of these monies either WMIH and/or marker holders.


5) Sounds to me like Rich confirmed other subs and if this is true they must hold assets of some sort otherwise, there would be no reason for their existence all of these years. Remember, a California 1031 Exchange was closed on 12/8/2017, a new Delaware 1031 Exchanged opened on 12/8/2017 as well as WMIIC dissolved on 1/18/2018. This means assets have been transferred as this is the main function of a 1031 Exchange

[AZCowboy]

~ ItsMyOption, Thanks’ It All Makes Perfect Sense’ ~

... And Thanks to the new’ WMIH-Corp ... IR’, ... as well ... we’re not used to being responded to’

AZ

[stoxjock]

Awesome post..Thanks very much for posing these very significant questions to Rich and getting equally significant answers and taking time to post all of the here for our benefit...GLTU !!! & Thanks Again!!