Replies to post #624986 on Mr Cooper Group Inc fka COOP

[boarddork]

Hi AZ! I was thinking about the recent squeeze on mortgage servicers during this Covid hardship. Considering what you just posted, I wonder if COOP is feeling any external financial pressures to access or finally "claim" these debentures, to help them get thru this mess - as they are a non-bank servicer without the deeper pockets a bank servicer would have.

Of course we know they 'can have' access to their own deeper pockets, if they 'choose' to Tell, or claim it. And until they do, it just sits in purgatory and noone gets to use it at the moment. It's like a circular firing squad. Their hate and vitriol for retail so far has led them to step over a hundred dollar bill, to pick up nothing.....to the detriment of all parties who wait together...

It now makes me wonder if there is enough need for COOP as servicer during these times, that they'd be incentivized to "Tell" us. Could this crisis be enough to finally force their hand, or seek other outside debt and continue to give everyone the finger..

[k-1]

Thanks for your answer AZCowboy.
Thank you for your inquiry, my family and I are as healthy as you and your family and hopefully we will stay that way.

So there is nothing left but to wait and hope that we won't be cheated or die before then :)

[sillyinvestor]

"... only’ ... the original WMI actual owners of the estate, obviously a common share owner, 939ESC968, ... as well as ...,only’ ... a WMI preferred (but again, only’, a 939ESC992 “P”, or a 9393ESC84 “K“),"

Hi AZ, I see you updated the "P" number.

Thanks.

[LuckyPanda]

AZ, could it be that FDIC will be the "Tell" and not Coop? Is it probable that FDIC needs to close out the receivership before the remote bankruptcy assets in the DST can be addressed? Is the trustee for the DST essentially powerless until the receivership closes?..thereby eliminating any last claw-back liability to the receivership before distribution?

[PickStocks]

Please explain even though these sec allowances to hide dollars, if wmih is the parent and the bk is closed along with por7 than how and why are they not distributing the divi at leaves or is this fraud because I do not think the sec would give an allowance to hide dollars for shareholders that would be fraud

[xoom]

AZ eagerly waiting for this :-) (with additions for the current quarter)


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153253104


GLTA