Replies to post #611439 on Mr Cooper Group Inc fka COOP

[xoom]

Excellent post. Hindsight 20-20 always a good thing.
GLTA

[Boris the Spider]

Agree tanja and AZ.

This will all happen in this first Q. The action in COOP shows something is coming, including great earnings plus much more. I have been buying more COOP in anticipation and will continue to do so.

Remember the "silence of the lambs".

[Tradeinman]

Very good post and IMO very possible.
It goes to proving AZ points also.

Did you post this in FB?

I saw it but didn’t know who you were on Ihub.

[porkchopranch]

Thx Tanj, very well thought out.
I agree on the "big first dividend followed up by many smaller future dividends".

[goodietime]

tanjazielman, Your chart shows a 'Special Dividend' of $103.75, going to the Public Stockholders. Any WAG on what it might be in our hypothetical case?

[BBANBOB]

TANZ


"""COOP also wins, because they get to service (and maybe are already servicing?) former legacy MBS, which JPM always neatly recorded as "off balance sheet assets" on their 10K's)."""

I pointed out several months ago, LOOK when NSM was created 2007,with a starting value of 10 bil, then look how FAST NSM GREW to 650 BILL currently in 13 years. HMMMMMMMMMMMMMMMMMM

Now remember that according to the BANKING SUB COMM that we had 640 bill IN IN FORCE ABS or MBS 650-10, HMMMMMMMMM

Pretty miraculous growth I would say, in just 13 yrs HOW BOUT YOU?


UNLESS THEY ALREADY HAVE OUR ASSETS BUT HAVE JUST NOT YET COMPENSATED LEGACY HOLDERS for those servicing rights YET!!!!!!!!!!!!!!! HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM


And servicing RIGHTS do not mean they OWN the asset behind it or the mortgage, just the right to service them.

And that is where I say WMI comes into play.

So

1. already received a payment in COOP shares

2. And we Will then yet again receive COOP shares for the servicing rights payment.,

3. Will receive shares in WMI (WHICH OWNS THE BIG "A") and those imho WILL become trade able based on BOOK VALUE(TO be disclosed before long)!!!!!!!!!!!!!!


NOW IMHO once you sell YOUR WMI shares you are no longer part of any of this as you would have sold your legacy interests in and for ANYTHING YOU SELL as far as your WMI SHARES are concerned and will be done to get nothing further divies NOTHING!!!!


BOBVIOUSLY this is ALL IMHO and my WAG which I am sure will meet resistance

[intuitive3]

tanj, agree! Outstanding post!

[stoxjock]

A Very incisive Post...I hope it turns out that way and we get some special dividend or S4V for our Escrows...Thank you & GLTU!!!

[hotmeat]

Quote: "Replace "Dr. Pepper Snapple Group" with "WMI Inc"



WMI Inc as far as I'm aware already reorganized into WMIHC in 2012 and as such it no longer exists.

Not sure how WMI Inc can merge once more into WMIH/COOP, the very company that it reorganized into???

Interesting theory but it does present some issues that are hard to rationally explain.

Did you formulate this on your own or did you consult with someone with intimate knowledge on the subject???

[tanjazielman]

Notice that the language in POR 7 puts no limits whatsoever on merger/consolidation between All reorganized WMI entities:

"On or as of the Effective Date or as soon as practicable thereafter, and without the need for any consent or approval, Reorganized WMI may, in its sole and absolute discretion, (i) cause any of the Reorganized WMI Entities to be merged, dissolved, or otherwise consolidated, (ii) cause the transfer of assets between or among the Reorganized WMI Entities, or (iii) engage in any other transaction in furtherance of the Plan. As soon as practicable after initial distributions are made pursuant to Section 31.1 of the Plan, and without the need for any consent or approval, Reorganized WMI shall complete, or shall cause the completion of, the administrative dissolution of the Washington Mutual Capital Trust 2001.
"

Just to be clear, Reorganized WMI entities are WMI, WMIIC, WMIH, Wamu 1031 exchange etc.

According to POR 7 WMI did not need any consent or approval to merge or consolidate with WMIH. Also there are no limits or rules set how to merge. Reverse triangular merger can still be an option. And also POR 7 allowed to transfer and reallocate assets freely between these entities.

Also interesting:

(b) Allowance of Disputed Claims . At such time as a Disputed Claim becomes, in whole or in part, an Allowed Claim, the Liquidating Trustee shall distribute to the holder thereof the distributions, if any, to which such holder is then entitled under the Plan, together with any earnings that has accrued on the amount of Creditor Cash, Liquidating Trust Interests, Runoff Notes and Reorganized Common Stock so retained (net of any expenses, including any taxes, relating thereto), but only to the extent that such earnings are attributable to the amount of the Allowed Claim. Such distribution, if any, shall be made as soon as practicable after the date that the order or judgment of the Bankruptcy Court allowing such Disputed Claim becomes a Final Order, but in no event more than ninety (90) days thereafter. The balance of any Creditor Cash, Liquidating Trust Interests, Runoff Notes and Reorganized Common Stock previously retained but not distributed to a Disputed Claim holder shall be included in future calculations of Cash, Liquidating Trust Interests, Runoff Notes and Reorganized Common Stock, respectively, to holders of Allowed Claims.