Replies to post #541634 on Mr Cooper Group Inc (COOP)

[etzetrade]

Thank you for your efforts and DD.

So, in your opinion, what are the assets being used in the reorganization by the reorganizing debtor?

TKS

[soundincrest]

"wwhatthe" excellent post ($307B plus Interest) What is yours thoughts on LTI's flavors :


ANY ESTIMATES :


Preferred:??????
Commons:???

[xoom]

WW,
Thanks for the very detailed post. Any SWAG’s on the the actual interest numbers ?

[JusticeWillWin]

Why do you simply ignore the $272B LIABILITIES WMB had?

[porkchopranch]

Thx Wwhatthe, great summary

[popcorn202]

This post is the most completely researched and understandable post I have read explaining how all the assets of WMI will be distributed to the holders of Escrow Markers.

[Civil War General]

$307 Billion minus $272 Billion is $35 Billion!

[mattchew]

Totally awesome post wwhatthe ("what the Hell"), and only your 28th post! This board could learn a lot from your other 27 posts, but I suppose it would be asking too much for the majority to read them?

[ItsMyOption]

very good post wwhatthe, a lot of thought and facts.

Yes, it should be a good Christmas to all Estate holders.

[Emptyhead]

. Your post was the single best, most informative, post to date that I’ve ever had the pleasure to read on Investorshub.
Thank you

[MadBadger]

Wwhatthe, what a way to start my morning, Your break down made it easier to understand, Thank You.
Now I’ll go back and read all the information again to get a better understanding of the language.
I can’t wait for Part 2!!!

[Nightdaytrader]

I just don't like Judge Collyer using the word "generally." That leaves some wiggle room to screw us again.


**************************

This is from…
the AMENDED MEMORANDUM OPINION page 7,
ROSEMARY M. COLLYER
United States District Judge

“In its role as receiver for a failed depository institution, the [FDIC-R] has a statutory obligation generally to maximize the return on the sale or disposition of the receivership estate’s assets. The receiver distributes any funds realized from its liquidation efforts to the failed institution’s creditors and shareholders in accordance with the FDIC’s priority scheme.”

[Dmdmd2020]

Wwhatthe,

Great post! Thanks for the DD, along with the great reasoning!

IMO...my calculations:

Recoveries = $314 billion assets - $272 billion liabilities = $42 billion

Old WAMPQ = $4,442.72

Old WAMKQ = $111.06

Old WAMUQ = $8.79

___________________

Now also include bankruptcy remote beneficial interests in certificate participation in MBS Trusts created by WMI subsidiaries:

Old WAMPQ = $18,247.09

Old WAMKQ = $465.17

Old WAMUQ = $36.10

Per post#536252
_______________________

IMO...my conclusions as of October 12, 2018

WMI Escrow Marker Holders:

Old WAMPQ = $4,442.72 + $18,247.09 = $22,689.81

Old WAMKQ = $111.06 + $465.17 = $576.23

Old WAMUQ = $8.79 + $36.10 = $44.89

All of the calculations above do not include annual compounded interest.

GLTA...draw your own conclusions!

[inportlandd]

Just stellar--This also aligns with AZ's real possibility of
"I will never be issued and LTI"

[W3Research]

Escrow Share Marker Holders to get $275 to $300 Billion? Have I read you correctly?

[newflow]

wwhat...FDIC has the fiduciary duty to maximize the assets and distribute it back to Creditors and shareholders.
Clearly LTI is working under FDIC guidance IMO.Employee claims were to addressed long back, but FDIC did stop it.
TAB was evaluating WMB claims in Class 18, which was a claim against FDIC.
How TAB is related with a claim against FDIC?, if there is no relation between the two parties?.
Assets filed 33B, liabilities filed were 7.5B in bk court.
So many assets were put in a Protected Cell, which is still controlled and managed by MW,Chad smith,Doreen logan..etc.

[Emptyhead]

What implications might; " I believe the entire WMB’s corporate structure $307 Billion Dollars will be coming back to the Equity holders… plus interest. " , have on the new entity COOP ?

[Split T]

Jiminy, GO4AWILDRIDE and muyuan51, great job and easily understood.

We all realize we are close to seeing our boat come in, thanks for the information as it is much appreciated by Escrow Holders who have persevered for 10 long years.

[JB3136]

Wow by far the best post in 10 years!

Thank you for that very excellent summation

[jhdf51]

Thank you...I understood part of it.

JHD