Replies to post #556650 on Mr Cooper Group Inc (COOP)

[David West]

Not everyone can admit they were wrong. You did. It makes a difference to many on this board that you had the courage to say so. Let us move on.

If the value of WMI, as reported by WMI, existed before the bankruptcy, that value has to be somewhere, and that value should belong to those who signed releases. Where that value is, and how it will be returned to us are the important questions. It is futile to speculate on when and how much.

[jerrylev]

HM, you didn't say anything wrong and neither do I, CS reply never implies anything that there is some money that comes back to escrow and not through WMILT. All he said is that WMILT has filed and disclosed what it has based on unaudited accounting AND WHAT IT IS OBLIGATED TO DISCLOSE AND WHAT WMILT HAS IN ITS HAND CURRENTLY <--- my reading.

Otherwise, the release and the 75/25 split and WMILT are at the heart of all recovery.

The word RELEASE was stressed so many times in 2012 that if you don't release then you will get nothing. And release is related to POR 7 which dictated 75/25 split and WMILT as the sole debtor in interest.

Nothing has been said otherwise in the last 7 years.