Replies to post #655099 on Mr Cooper Group Inc (COOP)

[Maximunae69]

It looks like some Arizona investor is going to keep his DD and all his bonds at 0

[nhtrader]

Thx PP

[Tdeank1]

You are putting in a lot of work just to be told what we already know....ain't nothing coming back....they made sure of that

[SamuraiProgrammer]

Thanks for the info!

[Tradeinman]

I can’t answer your questions, but here are some answers?

I totally believe all of that. Lmao

[Nightdaytrader]

Just a waste of time.. after 13 years, you think anybody in FDIC will provide the real answer? LOL.

[dragoon76]

LOL, OK

[JusticeWillWin]

Thanks for you efforts. Unfortunately no new information (as expected). The FDIC only tells us what we already know, what is public information, and what they want us to tell. For the details (what happened to the $26 billion in equity on the FDIC balance sheet) they hide behind a FOIA request, but I am sure they will also NOT answer your (our) questions via a FOIA request and will hide behind this: https://www.fdic.gov/foia/exempt.html

Especially exemption eight:

Exemption Eight
Records that are contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of the FDIC or any agency responsible for the regulation or supervision of financial institutions.

But thanks again...

I Got New Answers From FDIC
I asked about WMI, WMIH,
and some COOP questions ( knowing the differences & responsibilities )....
Here`s the FDIC answer :


"Mr.......–
My apologies … but, I won’t be able to answer most of your additional questions since they are outside the scope of my duties. I’m only the Claims Agent assigned to handle the claims filed against the receivership of Washington Mutual Bank.

For example:
… Any questions dealing with “Image 1” would have to be directed to someone in our Accounting Department. The image is actually a detailed balance sheet of the Washington Mutual Bank receivership with figures as of December 31, 2008. The image also includes a reconciliation for some of the items (highlighted) that make up certain figures on that balance sheet.

… Any questions dealing with “Image 2” and “Image 3” would be related to the figures from the Call Report for Washington Mutual Bank as of June 30, 2008, which was BEFORE it failed. Therefore, if those figures were reported accurately, then someone from our Accounting Department “might” be able to explain what happened to those accounts after the bank failed.

… Any questions dealing with the dollar amount paid by JPMorgan Chase Bank, N.A. to acquire the assets and liabilities of the failed Washington Mutual Bank would have to be directed to someone in our Franchise Marketing Department.

… Any questions related to the specific details and schedules with the Purchase and Assumption Agreement between the FDIC as Receiver for Washington Mutual Bank and JPMorgan Chase Bank, N.A. would have to be addressed in a FOIA Request to determine if that information is allowed to be shared.

… Lastly, any specific questions relating to the bankruptcy of Washington Mutual, Inc. (the holding company for Washington Mutual Bank) and the settlement that resulted from that would have to be directed to our legal staff to answer.

--------------------------

Your comment that the bonds (both junior and senior) are more than $13 billion is correct. In fact, according to the receivership’s balance sheet as of December 31, 2020, the outstanding combined amount for those items totaled $13,800,609,000.

Please note, however, that when the bank failed, NONE of the outstanding senior bonds and subordinated bonds previously issued by Washington Mutual Bank were acquired by JPMorgan Chase Bank, N.A. as part of the P&A Agreement with the FDIC-Receiver. Instead, the FDIC-Receiver retained those liabilities, and they remain on the receivership’s balance sheet to this day. This means that JPMorgan Chase Bank has absolutely no responsibility to pay those bonds. Only the FDIC-R has an obligation to pay those bonds … but only if there are sufficient funds in the receivership to make any payments on them.....
...... In this particular case, the claims of general creditors and senior bondholders share equally for any payment distributions that are made by the Receiver in the form of dividends. Consequently, the FDIC-R can only pay dividends to the subordinated (junior) bondholders if (and only if) the general creditors and senior bondholders are FULLY SATISFIED. Unfortunately, the general creditors and senior bondholders have only been paid a small percentage of their claims, and the balance sheet does not indicate that there will be nearly enough funds to satisfy them in whole. What does this mean? It means that anyone holding a subordinated bond probably won’t get paid anything for their claims.


As far as your question regarding “the grandmother of COOP Mr. Cooper Group has to file a 10-K” is concerned, I’m not entirely sure what you mean. But, a Form 10-K is an annual report all public companies must file with the Securities and Exchange Commission. Because your question includes “( WMI-h )” and states that the bankruptcy (“BK”) is closed, I have to assume that the 10-K form to which you are referring is for the bank’s holding company (Washington Mutual, Inc.), which is also known as “WMI”. So, if that’s the case, then you’ll have to contact the holding company’s point of contact to help answer this question.

---------------------------


Having said all that … I’ll have to forward your last e-mail message to someone in our Customer Service Department to coordinate with other FDIC staff (accounting personnel, franchise personnel, and legal attorneys) who may be able to answer the questions that I’m not able to address.

Stay tuned …"

END OF MESSAGE.

(images see jww post : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163229693)

[Planet Paprika]

Again an answer from FDIC,
this time I asked if I`m allowed to post.

Now? there`s a special contact person and a special phone number, I hope.

I would welcome it if it is used. I`m not a US citizen and for that reason alone
I`m not calling...., but any of you ?
Whether it makes sense or not, you only know afterwards.
If I hadn't found the right FDIC source,

we would still be puzzling over the timing of the WMB receivership end today.
Here`s the full FDIC answer I received today :


"Mr. PP
We acknowledge receipt of the research request you submitted via our Web Portal on October 5, 2020, which posed a number of inquiries pertaining to the failure of Washington Mutual Bank, Henderson, NV (WAMU). Upon the failure of WAMU in September 2008, a receivership was established to administer the affairs of the institution (claims, payouts, legal matters, etc.), which is ongoing.



Please know that all publicly available information relative to the WAMU receivership, including the receivership balance sheet summary, can be found at https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html (Status of Washington Mutual Receivership). Further developments to the WAMU receivership will be posted to the aforementioned status page as they occur.



Any questions related to the specific details and schedules with the Purchase and Assumption Agreement between the FDIC as Receiver for WAMU and JPMorgan Chase Bank, N.A. must be submitted through a Freedom of Information Act (FOIA) Request. Please visit the FDIC’s FOIA Service Center at https://www.fdic.gov/foia/index.html to submit your electronic FOIA request.

In the meantime, you may direct any further questions or comments regarding this receivership to the agency’s primary point-of-contact for the WAMU receivership,

Robert Kelley, Resolutions and Receiverships Specialist, at
[e-mail]

or [phone].



Thank you,

Olalya Bryant

Resolutions & Receiverships Specialist
Customer Service and Records Research
1601 Bryan St
Dallas, TX 75201
Office: 972-761-4283
[e-mail]

[Planet Paprika]

You remember the FDIC confirmation I received and shared ?
What I had further announced was my research into Deutsche Bank on WMCT2001.
Shortly thereafter, the DB Senior Investment Department got back to me
and forwarded my questions to the DB Trust & Agency Service.
After quite a few months without reply, I received a response today.
No answer is also an answer...:

Dated June, 10 the response from Deutsche Bank was as follows :



"Your inquiry about the Washington Mutual Trust 2001

Dear Mr. X

We sincerely apologize for our longer processing time.
However, we are unable to provide the information you requested.

At Washington Mutual Inc. ( WKN 893906 ) we only forward information from the depository.
For example, the liquidation of WASHINGTON MUTUAL INC. ESCROW SHARES ( WKN 0CA AD5 ) with ex-date 01/14/2020.

We ask for your understanding in this matter.

Yours sincerely,
Detlef Wender and Frank Schreiber "

End of letter.

Just for your information. Anything else would have surprised me. But nobody had tried until today.
At the FDIC it worked to get the important info on receivership.
Deutsche Ganovenbank has so much dirt on it, they are careful...
GLTA Releaser.