Replies to post #537946 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Hello In Germany', These Are My Own Conclusions ~

First: Understand what WMIIC's function was as a subsidiary of WMI' ... (WMIIC was WMI's money manager, functioning without any assets or operations of its own)

Second: Separate What Could Have Been Considered Actually Owned' by WMI the parent corp., and legally able to be utilized to pay WMI's Creditors ... (done with mostly WMI' cash on hand and tax returns)

Third: Refer to the WMI' BK remote', "segregated" percentage of participation in "Performing Trusts", referred to in WMI's SEC Filings before the seizure as "Retained Interests", and then referred to as "Retained Earnings" in the final Feb 2012 MOR' ... (roughly $20 Billion Dollars) ...

Fourth: the time to accumulate equals roughly $500 million dollars monthly, from the bankruptcies filed to the reorganization, ... then simply carry the "Performing Trust Generated Retained Interest" forward to the present tense' ...

Fifth: March 2012 to September 2018 = some 78 months X's 500 million generated monthly' = or, roughly $39 Billion plus the original Feb 2012's "Retained Earnings Reported" of $20 Billion, ...,

... And' That Total Number of $39 + $20 = $59 Billion Dollars, IS' quite accurate, according to the 15(g) reports, ... Reporting As Of 12/31/2017' ...

Six: Then Separate the possible return assigned, per the Specific Releasing WMI' Class ... Class 19 or Class 22

AZ

[hotmeat]

1. Because they stated so in official documents and it was also standard industry practice for mortgage issuers to retain portions of the Trusts they held. The problem is we are not sure what happened to those interests and where they are now.


2. The estimations vary widely from a few billion to 100's of billions. My estimates based on what I've seen my conservative belief range from as little a $2-$10B to a max of ~$30B.

$10B: (Pq- $1000) / (Kq- $25) / (Uq- ~$2.08).

For $2B divide by 5 or $30B multiply by 3, the previous amounts respectively.

[jerrylev]

We don't understand all those theories either in the U.S. ALL stocks were CANCELED 6 years ago There are no such trusts that backed up Preferred to begin with.