Replies to post #565086 on Mr Cooper Group Inc (COOP)

[BBANBOB]

DMDM2020

Everyone always say LOOK AT and BELIEVE the filings, they don't lie

Well then I'd say he pretty much summed it up didn't he

[PickStocks]

Problem this needs to become reality. There are no more blocking mechanisms tranche 4 complete. LTI has no money. We are not receiving LTI so this is where our money is distributions just need to start

[Royal Dude]

DMD Your dd and coordination of dd is truly extraordinary. Not only thank you but I am wanting to be able to thank you somehow. I totally believe and agree with your numbers and do not want to question the altitude of the possibilities. I also think that is one of the reasons there are so many contra posters here either paid or jealous in the end result of equity with their already inside knowledge. You and Bop are giants here and are the reason I am here. Thank you

[jhdf51]

Wow.....Im trying to find the examples you gave under certain return scenarios Per U Per P..would you mind reposting?

JHD

[Muff77]

DM,
thank You for Your detailed work, I appreciate Your time spending with that and sharing here, always without any emotions and high level of proven backround. I wish You are right and wish You have a wagon of shares like me.
GLTA,
Muff

[hotmeat]

For all our sake I do hope WMI did indeed have official agreements with WMB and it's SPE subs which entitled the Holdco to some, if not all the proceeds of retained interests in MBS Trusts they created.

[Dmdmd2020]

Revised calculations for WMI recoveries (From bankruptcy remote retained interests/beneficial interests in MBS Trusts created by WMI subsidiaries between 2000-2008):

IMO...Assumptions (only what can be determined from consolidated quarterly and annual financial reports...keep in mind the lion’s share of retained interests were not allowed to be consolidated in the financial reports because they were in bankruptcy remote SPEs):

1) Total WMI retained interests = $101.94 billion

2) Total securitizations from 2000-2008 = $692 billion

$101.94 billion / $692 billion = 14.73% certificate participation in MBS Trusts

I’ve calculated in past posts that certificate participation is at least 26.24%

$692 billion x 26.24% = $181.58 billion

3) recoveries using

3% annual compounded interest x 10.5 years

$101.94 billion x 3% x 10.5 years = $139.062 billion

$181.58 billion x 3% x 10.5 years = $247.68 billion

(It is difficult to actually calculate the unpaid principle of each month/year without having all the data from all the MBS/ABS Trusts so I’m using the original unpaid principle of $101.94 billion as a constant)

If you Believe in 75/25 to the end:

Total MBS Trust recoveries = $139.062 billion

WAMPQ = $14,709

WAMKQ = $367.74

WAMUQ = $29.10

Total MBS Trust recoveries = $247.68 billion

WAMPQ = $26,199

WAMKQ = $654.98

WAMUQ = $51.84