Replies to post #563536 on Mr Cooper Group Inc (COOP)

[PickStocks]

Again Thank you DMD, this is great information and it only proves that why is this money not in our accounts!!!!!!!

Are they thinking of ways to steal the money.........We are only 26% there are others who are 74% go after them!!!!!

Therefore, the Court concludes that because the Certificates sold by WaMu Asset Acceptance were not securities of the Debtors or an affiliate of the Debtors, subordination under section 510(b) is not available."

2) The WMB Subsidiaries (WaMu Asset Acceptance Corp. and WaMu Capital Corp.) were the entities that packaged the MBS Trusts (WaMu Trusts and WMALT Trusts) but WMI is ultimately the entity that has to bear the liability for all of its subsidiaries.

3) Therefore, if WMI bears the ultimate liability for all the MBS Trusts that were created by WMB subsidiaries, IMO...I contend that WMI is the rightful owner of all the beneficial interests in certificate participation in MBS Trusts that were created by all WMI subsidiaries.

4) WMI subsidiaries securitized $692 billion from 2000-2008, and I've calculated in previous posts that WMI possibly participated in 26.24% of all the securitized loans.

5) MBS Trusts issues are bankruptcy remote, and they are not subordinate to 510(b)

[zeus_0100]

Per the Tranquility Decision as of December 20, 2011:

https://www.leagle.com/decision/inbco20111220845

"462 B.R. 137 (2011)
In re WASHINGTON MUTUAL, INC., et al., Debtors.
United States Bankruptcy Court, D. Delaware.
December 20, 2011.


3) Therefore, if WMI bears the ultimate liability for all the MBS Trusts that were created by WMB subsidiaries, IMO...I contend that WMI is the rightful owner of all the beneficial interests in certificate participation in MBS Trusts that were created by all WMI subsidiaries

WRONG!