Replies to post #544536 on Mr Cooper Group Inc fka COOP

[jerrylev]

It's great that it is confirmed that we will be paid.

Except that it will not be in the hundreds of billions that experts talked about.

[jerrylev]

The securitization activities were done in the 2 years of 2006 and 2007 and perhaps partially 2008. If not for that then we may have nothing left.

[Donotunderstand]

Thank you

I do worry that - if what you read is true until today - that we were Tranche One

[Civil War General]

WAMU is not WMI.
WMI owned 100% of the WAMU stock, which it abandoned as worthless in the Bankruptcy in order to receive the $5 Billion NOLs.
WAMU. was purchased by JPMC.
WMILT is the successor in interest of WMI and WMIIC.
If WMI and/or WMIIC were the recipients of these funds, then WMILT has now stepped into their shoes.