Replies to post #557025 on Mr Cooper Group Inc fka COOP

[mattchew]

Good GOD AZCowboy, what's the misunderstanding?

2. No assets being handled by the FDIC Receivership (either hard assets or recoveries in litigations) shall flow to the Trust. All assets that were to be transferred to the Trust have been transferred to the Trust in accordance with the terms of the Global Settlement Agreement approved by the Bankruptcy Court.

"On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust")"

So much for the 75/25% to the end nonsense!

[bond-007]

Well if that is not proof of nothing coming back I don't know what is.

[TriDaddy]

Everything still going to be “just fine”?

If so, where will that blue bird drop in from from and when?

Been hear about all the sequencing and forgive me if I don’t understand what that entails, but all seems WAAAAAY overdue..

[ItsMyOption]

thanks AZ, it looks like what CS wrote was the same as he sent me.

[ItsMyOption]

AZ, my email to all Estate managers: others may also wish to ask this question to email contacts below.

Estate Managers,
RE: Docket # 12582 Filed 01/29/2019
NOTICE OF AMOUNTS PAID BY WMI LIQUIDATING TRUST
PURSUANT TO THE LIQUIDATING TRUST AGREEMENT FOR CERTAIN
COMPENSATION AND FOR SERVICES RENDERED AND EXPENSES INCURRED
BY TRUST PROFESSIONALS FOR THE PERIOD ENDING DECEMBER 31, 2018
http://www.kccllc.net/wamu/document/0812229190129000000000001

Please explain why the Estate continues to pay these ridiculously high "SERVICES RENDERED AND EXPENSES INCURRED BY TRUST PROFESSIONALS" With the very low ending cash value the WMILT continues to report? If there are no additional Off-Book, Safe Harbor assets why do we need so many highly paid professionals collecting these fees. Is your goal to just keep the high fees up until the Estate is out of money? Who is in control of there?

Also, why do we need TAB members if there are no assets within Trusts for TAB members services?

You can help answer those question by answering this:

Are there any Off-Book, Safe Harbor assets within trusts such as the “Washington Mutual Capital Trust 2001” “Posit” , “Retained Earnings or other Estate assets” that current Estate managers such as Mr. Kosturos and other TAB members have under their management that could explain those high fees?

And will those assets get distributed at the 75% - 25% split that WMILT continues to tell Equity holders or will they flow throw the DTC system at a different rate? Please clarify those 2 questions could help all of us!

Sincerely,
CC;
'[e-mail]', '[e-mail]'; '[e-mail]'; '[e-mail]'

[boarddork]

I hope you sent it, lol. That is a loaded question.....good one!!

[soundincrest]

"AZ" great response

thank you

[jerrylev]

Asking how the fees were spent is a valid question and directly to the point.

Congrats Z (for the first time).

[stoxjock]

AZ, Thanks very much for writing to Chad Smith to ferret out the details but I am sort of very disappointed by his response...In stating that nothing else is 'hidden' that may be recovered for the 'Escrows', is he stating so because the 'Assets' are now under the process of being stolen thru 'assignment' of the DST somehow to the Hedge Fund holdings of 'TPS' shares, as opposed to being turned over to WMILT and "equitably" distributed to ALL Equity Shareholders?? --- A concern that BOPFan has so eloquently sought to find out from US Trustee & Chad Smith himself, in her recent Letter to the US Trustee, seeking protection of our (Retail) Securities' interests...