Replies to post #560776 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ LP’, Now That Makes 100% Total Sense ~

... Your post should be bookmarked’ ... (I’m recording it)

Yes I also understood, and had it verified by a reputable source, (KCC) that the WMI-LT did not keep any records of my holdings ... I was lucky enough to gather this information early on’ ... so yes, I’ve also known for a very long time that I would never be Issued an interest in the LT, known as an LTI ...

However, ... your posted consideration, of a true distribution separation from the WMI-LT even being used as a, “Pass-Through” mechanism ... is truly, quite interesting ... Thank You, I like things that make sense ...

And Adding for the conversation, ... the DTC, ClearStream, and EuroClear, ... will distribute directly through ones designated Broker or Bank ... and none of the separated ABS-Cert Performing Trusts were actually a part of the WMI bankruptcy ... or part of the Plan Approved payments to WMI’s Creditors ... intriguing ...

Thanks Again, I think you are on to something, arms length and all’ ...

AZ

[jerrylev]

Remember that you talked with KCC the contractor and not with the LTI directly and KCC plays dumb and only says whatever they are allowed and told to say. Your escrow money will come from the Trust through KCC and not from your broker. This is a known fact that happened to PIERS. Escrow is no different from PIERS, just lower in the waterfall.

Just think logically from a logistical point of view:

- People change broker all the time
- Some brokers are overseas and so the trust has to send hundreds of billions to them. Do you think it is possible?
- The list of people who signed release has been forwarded to the trust and the brokers know nothing about it now,

What the brokers have are the Escrow CUSIP for the purpose of distributing disputed COOP shares and that is all. They will soon be gone but we will still get money from the trust.

If something does not make sense then it is not true.

[xoom]

LP, same here. I moved so I had to update my address a few years ago. They essentially said that my brokerage would take care of that. I only have PQ’s and UQ’s.

[AZCowboy]

~ LP’s # 560776 Deserves A Bump’, A True Common Sense Approach Possibility’ ~

... ”due to the fact that”, ... All of the ABS-Cert Performing Trusts, whether packaged or participated within’, or a combination of both, ... by Washington Mutual Inc., and it’s operational subsidiaries, ... were never actually able to be “Owned” by WMI’ ... and so would obviously”, be totally separated from a WMI Bankruptcy Consideration, or from WMI’s eventual Reorganizations Liquidation Trust, which has obviously been used to pay WMI’s Plan Approved Debt’ ... Tranche 4 has now been paid in full ...

These totally separated ABS-Cert Performing Trusts would include the, “Washington Mutual Capital Trust 2001” and a whole bunch of others ...

AZ, I agree with you on LTI. I contacted LT last year to see if I needed to update my new address for their file. They told me I only needed to keep my address with my brokerage that held my escrow markers. Issuing LTI to all the common holders would be expensive and I dont think they are planning on doing so from the response they gave me. There must be a mechanism for them to distribute whatever is left in the LT directly through the escrow markers without LTI. Also, I think the safe harbored assets may not "pass through" the LT. If such happened, the LT may be legally liable for the manner in which they have denied the existence of bankruptcy remote assets all these years and also their confusing language on the 75/25 issue.

In order to truly separate the LT from disclosure liabilities, I think there must be a mechanism to directly flow the safe harbored assets from the bankruptcy remote trusts to our escrow markers and bypass the LT all together.

this simply makes sense, ... only roughly $37 million (ish) now left in the WMI-LT, after the $50 million distributed on 02/25/2019’ ... No additional LTI’s ... and the 75/25 ratios to only be a consideration of the RE-Distribution of the $37 million (ish) or less after expenses of the WMI-LT’s remains ...

AZ