Replies to post #566410 on Mr Cooper Group Inc (COOP)

[jerrylev]

Can somebody pass the following questions to Ron because "he does not read my post?.

So Ron,

- If you believe that common owns the Estate then why do you own preferred?

- Why does Alice filing delay our payment? Does she file the claim strictly against the underwriters being in class 19 of WMILT which only has 20M remaining and will go away soon according to you. while our money is in ABS Trusts that are not controlled by WMILT?

Why make a big fuss against WMILT which has only 20M and will go away soon?

[xanadu90]

No need to try to blame Alice. There would have been no distributions - perhaps something will be distributed in the second half - not sure about that either.

[ItsMyOption]

ron, I feel any distribution can be made and the amount for Underwriters would get held until the court has had time for review. No big deal. lets not get overheated on an issue we all need some clarity on, and we may get some other good info from it.

IMO, the Trustee of those ABS Trusts can make distribution any day and hold the amount to Underwriters.

But the Trustees of Class 19 Associated ABS Trusts,

can not make a distribution until the issue is resolved because they don't know how much to distribute and to whom with the open First Omnibus Objection.

All WaMu ABS Trusts were free to distribute because Tranche 4 is closed.

Now Class 19 ABS Trusts (REITS) are now tied-up until Doc #12595 is resolved.

[RajuSondh]

Ron, there is no stay order..!! You will need a stay order to stop a process or event from happening..!!

[jerrylev]

So Ron, throughout Alice filing, she complains about the underwriters being in class 19 governed by WMILT only. So are the so called ABS Trusts governed by WMILT or not?

If not then it is a moot point and your so called ABS Trusts should continue to distribute the money right? So how can the Alice filing delay your HLCE?

Now if the so-called ABS Trusts are governed by WMILT then yes Alice filing will delay your HLCE but it will contradict with your and Z statement that WMILT has only 20M left and will be shut down soon.

Which theory is true? There can be only one possibility, one and only one only.

Never mind that the ABS Trust theory is crap also but that is a different theory.