Replies to post #642138 on Mr Cooper Group Inc (COOP)

[hotmeat]

All I know of the WMCT 2001 was that they sold 23M WAHUQ shares, received ~$1.15B as a result and the Trust's sole assets were ?Debentures?.

What was done with the cash, what assets, IF ANY, did the Bank Trustee hold and what those Debentures represented, I HAVE NO CLUE!!!

That question is better suited for Z.

[BBANBOB]

DONOT

WAMU was ALSO a commercial lender, many seem to forget this.

Commercial papers is NOT 15 yr or 30 yr paper, it is 50- 99(even more) year paper or none could ever afford to build commercial property and handle mortgages based on 15-30 mortgage payments.

SO IN MY OPINION all has NOT been liquidated and turned to cash.

And imho this is where somewhere down the line we will get annual or quarterly payments, TO BENEFICIAL LEGACY INTEREST HOLDERs OF THIS PAPER