Replies to post #554116 on Mr Cooper Group Inc fka COOP

[Dmdmd2020]

IMO..It won't take years for WMI Escrow Markers to produce recoveries.

I believe once Judge Walrath signs the final revised order for her disallowance of "golden parachute" claims (bench ruling as of October 16, 2018) and the adjusted DCR cutout, the WMILT will be able to immediately pay Class 16 (PIERS = $50.6 million). Keep in mind all the documents filed as of January 04, 2019 (#12573, #12574, #12575, #12576, #12577, #12578) did not object to the ruling regarding disallowance of the "golden parachute" claims. Thus, IMO...there won't be an appeal of Judge Walrath's October 16, 2018 ruling, therefore no need for a 21 day stay on distribution of funds to the creditors (Class 16).

After the satisfaction of Class 16 (IMO...by February 2019), I calculated about $11.8 million left over in WMILT to pay off other claims.

Most importantly, by virtue of paying off the last creditor class, the FDIC can proceed to close and resolve the Receivership. Once the FDIC closes the Receivership, then all the frozen bankruptcy remote, non-banking WMI assets will be able to flow to the WMI Escrow Marker Holders.


IMO...WMI Escrow Marker Holders will start seeing recoveries by March 2019, if not sooner.

[goodietime]

"the HF have no interest in seeing escrow is paid now"

I'm a bit confused? Why would they NOT want their money?