Replies to post #634646 on Mr Cooper Group Inc (COOP)

[garyhalvo]

GREAT find, BD. Thanks for your DD

[dragoon76]

Great find!! Thank you BD!!

[boarddork]

What's funny strange is when I cross reference these ACTIVE WMI bonds in Schwab bonds trading (for schwab you use the abbreviated form) I get a scriveners type error ...

"Function is temporarily unavailable"


However, I can cue up any of the matured or liquidated old WMIH ones no problem.!!!



haha, we know its there, just cant say it just yet.....

[nosch]

Great find BD! Thank you!! Time for you to surf in real now! All best

[boarddork]

Wondering: where did these 50 WMI ISIN cusips get blended and folded?

Indeed, of the 50 I found, 12 were able to cross reference with WMIH CORP's ACTIVE ISIN cusips on their LEI report.


Under who's and what's LEI number owns the remaining 38? This is another subject of research that might reveal another literal and physical connection to our escrow cusips, and I think I know how....its gonna take some work

[yes9]

Thanks for your research Boarddork!

[BBANBOB]

GREAT FIND BD!!!!!!!!!

""3) WMI ISIN cusips that are ACTIVE today, some until 2041, which will produce the annual returns into the future as AZ has described. Only 11 of these show up also as WMIH ISIN cusips. The rest here are listed as ACTIVE for WASHINGTON MUTUAL INC""

DOESNT say anywhere in there that ANY OF THIS IS OWNED BY WMIH does it?>??????????????????

Now not ONLY THAT!!!!!!!!!!! But NOTHING CAN COME BACK TO THE ORIGINAL REORG'D DEBTOR!!!!!!!!!!!!!!

So the only ones left in the chain of title is

THEY HAVE TO DEAL WITH ME/US FIRST!!!!!!!!!!!

Now how on earth can ANYTHING COME BACK TO COOP, if NOT VIA US FIRST??????????? But even 2.5% of what might come back here would rocket this stock to DA MOON!!!!!!!!!!

[wcheng]

I wonder how much $ is behind each ISIN

[wamuvoodoo]

I just feel they will find a way to screw us

[LuckyPanda]

Boarddork, you have done a great service to all old Wamu investors here by sharing your research and it has certainly struck a nerve with some, who are trying to refute the evidence here by sowing doubt. Bottom line is, you can have many sec filings under different entity names based on where you are trading but there is only 1 ISIN identifying the actual legal financial entity that is recognized globally...the end.

So evidence shows all these legacy legal entities have continually operated independently and have been collecting money all these years as the loans have run down.

Only an idiot would believe that the old WMI entity had zero retained interests in any of these entities.

An honest critic may argue that the retained interest is small...but an honest critic would also admit that nobody knows what the retained interest percentage is.

We know its somewhere between $24B(stock holder equity at time of bk filing) and $86B (according to Dr. A testimony).

We also know that REITs are required to distribute most of its earnings as dividend every year per Sec regulations.

So any retained interest belonging to escrow markers must have been collecting in some remote bk trust all these years.

The billion dollar question is, when must the remote bk entity distribute that collected funds back to escrow?

Within a year of bk ending? By end of this year?

Or after both bk ending and FDIC closing the receivership? End of this year? March 2021? Who knows?

Or it doesnt need to distribute until it collects the last penny from the last operating security? 2041? This would suck!!! If this is the case then we need someone to admit this as it would definitely cause lifetime emotional trauma for everyone involved with this fiasco.