Replies to post #574031 on Mr Cooper Group Inc (COOP)

[ron_66271]

Raju, "In its capacity as creditor, .. 5AT".

WMI is a Creditor to WMB.

Therefore many of WMB's liabilities are to WMI.

#5885, PDF 3/15, FN 2;
"In its capacity as creditor, .. 5AT".

http://www.kccllc.net/wamu/document/0812229101112000000000029


WMI sued the FDIC for $305 Billion for "WMB and it's assets". Then came the GSA.


Here is a fun one for you;

WMCT 2001 is Private (own by WMI) and contains Corporate Leases.
Don't know for sure yet, but the WMCT 2001 may contain the WMB branch leases now being paid by JPM to WMI via the 365 Sale in Plan 7. WMCT 2001 is a living will trust for WMI's common shares holders with a large enough base to cover all WMI creditor obligations. Posit that! Yes, I'm suggesting that JPM is paying WMI for those WMB branch location leases.

We always wondered where the Brick and Mortar was. When it's in a foreign Trust, it's not reported in SEC Docs

From the DS;
Footnote for both H.S. Home Loan and Citation.
"JPM will pay WMI for WMB notes".

[jerrylev]

Raj, can you post the FDIC reply and not your interpretation? It is like someone asked COOP mamagememt if COOP has anything to fo with WAMU or is there a S4V and they No, but the interpretation is YES. Go figure.