Replies to post #561227 on Mr Cooper Group Inc fka COOP

[hexson]

AZ -great to hear from you old friend and thank you as always - I've been catching up after a much needed break from all of this by reading your posts and select others- from your analysis I always thought that the FDIC's need to be released would be a trigger that would set the process in motion - does this carry greater weight ?

[LuckyPanda]

Thanks AZ. I hope the distribution happens before end of march and it comes as qualified dividends. What is your speculation? Will it come back as ordinary or qualified dividends? Are those remote trusts tax exempt corporations?

[tzebedee]

I'm confused. How will they pAy the trust' funds to us, if not thru the LT?

[Civil War General]

Yes, WMI did not own the trusts.

However, the proceeds due to the former WMI, the debtor in this bankruptcy, ARE the property of WMI, and are being held remotely until the bankruptcy is discharged.

Equity, both commons and preferreds, being the legacy owners of the estate, will “step into the shoes” of the former WMI, and receive the benefits of the proceeds that were originally due to WMI from these trusts.

That’s how it works.