Replies to post #634179 on Mr Cooper Group Inc (COOP)

[user_760014]

For example, this one here has a distribution date set for tomorrow:

https://trustinvestorreporting.usbank.com/TIR/public/deals/populateReportDocument/30824643/PDF

The cusips make no sense to me, fun fact, one seems to belong to the Bill and Melinda Gates foundation.

But most of the one`s that seem to be receiving a distribution are going to or through the US Bank Trust Gateway. And an intersting doc came up during my reserach on that:

https://trustinvestorreporting.usbank.com/TIR/public/deals/populateReportDocument/13894046/PDF

But to much information to read for me right now as I need to go, but maybe someone already knows about this?

What again troubles me here is the definition of theses Mortgage pass-through securities:

Also called a passthrough, a security created when one or more mortgage holders form a collection (pool) of mortgages and sells shares or participation certificates in the pool. The cash flow from the collateral pool is "passed through" to the security holder as monthly payments of principal, interest, and prepayments

So if there are monthly payments, why would ours happen only in December?

And lapsed means that it was just not renewed, it does not neccessarily mean that it is not valid anymore. They just could not fill proper financial statements without a LEI if they are supposed to have one.

What I wonder more is the LOU: [Business Entity Data B.V.]

Why would the WMI information be handled by a company based in the netherlands?

[hotmeat]

Quote: "What bothers me the most is why we have not yet seen a payment. What is holding it up? The BK closed in Dec 2019, as we see thee seem to have been payments in the past,"


Class 18 was only finally paid (not in full) a couple ??months?? ago so there was no way Equity could start receiving distributions before that higher class was paid, ie, Class 18 could have made a claim against that cash.

We were denied payments because of the bankruptcy proceedings while other 3rd party investors would have received their payments as normal over the years because their distributions were not suspended by bankruptcy rules.

""IF"" boarddork is right about the liquidated and still active securities being legacy assets then as he stated, distributions would follow the set schedule of the relevant Trust.



NOTE: I go where the evidence takes me...right now the evidence suggests that something may be there. Prior to Feb 2019 I was firmly in the Pro-Escrow camp!