Replies to post #570538 on Mr Cooper Group Inc fka COOP

[ItsMyOption]

Split T, From my understand the LT -Trust is correct - they have no assets that are “Off-Book”, “Safe Harbor Assets” (e.g., “Washington Mutual Capital Trust 2001”, “Posit”, or “Retained Earnings) or other assets?

HOWEVER THE ESTATE TRUSTEE CAPTAIN "K" A & M AND OTHERS ARE MANAGING THOSE ASSETS LIKE CAPITAL TRUST 2001 WHICH HAVE ALL BEEN LIQUIDATED AND NOW WAITING FOR DISTRIBUTION. IMO, ALL ABS/MBS CAPITAL TRUSTS HAVE LIQUIDATED INTO ONE LARGE TRUST IN DELAWARE - THAT IS WHERE THE MONEY WE WANT WILL COME FROM NOT FROM THE LT BUT MOST LIKELY THROUGH THE DEPOSITORY TRUST COMPANY (DTC)

WHEN?? IT MAY NOT BE TILL AFTER THE FINAL CIC BETWEEN FDIC, JPM, WMI.

What is the legal definition of a material asset? What about a beneficial interest, is that a material asset?

is the Trust holding any assets that are “Off-Book”, “Safe Harbor Assets” (e.g., “Washington Mutual Capital Trust 2001”, “Posit”, or “Retained Earnings) or other assets? There are no material assets of the Trust2 other than those that have previously been disclosed and no assets are “hidden” or “unreported”

[lodas]

legal definition of "material asset"



https://www.lawinsider.com/dictionary/material-asset

Lodas