Replies to post #545585 on Mr Cooper Group Inc (COOP)

[mattchew]

"Certain"

[jerrylev]

Of course in 2012, 6 years ago. it was CERTAIN assets because it was not known back then IF IF IF there is any WMI assets that were seized by mistake and not returned yet.

Today MOST of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust").

Then in 2021, it will be:

ALL of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust").

Just in case you don't know yet, ALL assets will be liquidated by WMILT (WMI Liquidation Trust),

[hotmeat]

Before I respond, could you please explain what you believe happened to the remaining assets that weren't transferred to the WMILT on the Effective Date?

The quote stated that only "certain" Debtor Assets were transferred, meaning, those that weren't transferred could possibly have been Bankruptcy Remote Assets?

A clear distinction was made above that the assets belonged to the Debtors, ie WMI + WMIIC, hence they could not be sold or owned by COOP (WMIH).

The only logical reason for what occurred was that the remaining assets could not be transferred to the WMILT while the bankruptcy cases were still before the court.

Once the bankruptcy cases are closed there will be no further impediments preventing those assets from being returned to their rightful owners, the WMILT.