Replies to post #540598 on Mr Cooper Group Inc fka COOP

[jerrylev]

"Some were retained by WMIH"

Zero. None. Nada.

"Some were sold to JPM"

WMB minus the retained assets by FDIC.

"Some were held by WMI-LT to be distributed to creditors and if any is left to escrow holders. "

A lot. They include SPE, Safe Harbor, Securitized assets, remaining of WMB retained assets by FDIC.

But it not huge, more like 10-15B and not 299B.

[wamugold]

BULL it is useless to try to explain to these 1% contrarians anything. They will never get it, they dont want to get it. LOL

[hotmeat]

Granted that our Safe Harbor claims are yet to be proven but there is some evidence of their existence from pre September, 2008 WAMU filings.


What WMIH received was all outlined in the POR and does not include any Safe Harbor assets.

JPM could not purchase SH assets as they are bankruptcy and receivership remote so again that claim is incorrect.

The WMILT is the sole successor of WMI, hence making the LT the only valid recipient of any property of the WMI estate.

The property rights of a company is not affected by filing bankruptcy unless Creditors are still owed...this is clearly not the case here.

[Mr Bombastic]

The purchase price Jpm paid in 2008 ($1.889 billion) wasn’t a full payment, it was a placeholder to be renegotiated. 1889 was the year wamu was founded, I’m sure it’s just a coincidence!