Replies to post #657324 on Mr Cooper Group Inc (COOP)

[Major_Bankz]

Nice SAMURAI, NO SUCH THING as 75/25 as that's only for LT, $493/share is Fair and Reasonable for Common Escrow Q's after 13 years IMO

[AZCowboy]

~ Excellent Work "Again" Sam', COOP's ("WMIH"), Reality Is "Settling" In (pun intended) ~

... Nothing or No One Was Ever Going To Be Able To Disrupt Judge Walrath's Approved Plan for the Washington Mutual Inc., Reorganization ... period' ...

the DTC Issued ESC Cusip # 939ESC968, maintains a count of ones original released ownership in the Reorganized Washington Mutual Inc., the Actual Company', ... now "WMIH" of course' ... I also owned and released P's and K's ... However, ... its always been my opinion and conclusion that the actual released common share ownership', that is the "Big Dog" financially comparable' ...

SamuraiProgrammer post# 657324

I'M STILL PISSED

Here are the results of the math I promised you:


The assumptions:

These (with the exception of the assets) may not be exact but they should be in the ballpark.

There were 2,906,421 P's released.
There were 18,166,565 K's released.
There were 1,194,340,178 commons released.
Interest on P's and K's is computed at 12.75 years (close I think)
Interest on P's and K's was 7.75%
Bankruptcy remote assets of $600B (AGs number - I have no idea)

Interest on P's $988.13
Interest on K's $24.70
Interest on Q's $0.00

With 75/25 split plus interest

P's $ 132,414.16
K's $ 3,310.35
Q's $ 124.19

Without 75/25 split but with interest

P's $ 1,988.13
K's $ 49.70
Q's $ 493.96

If AG has her way, common escrows will be worth (at most) 25% of what they should be.

Forget about the 1% recover due to UWs and how Class 22 should bear that cost. That is distraction. PARAGRAPH 24 SHOULD BE THE CENTRAL FOCUS!!!!

I own all three 'flavors' of escrows. With my mix, if Paragraph 24 is upheld, my returns will be around 1/2 what they should be.

AG is NOT my friend!

This ?, Bears Repeating, ... AG is NOT my friend! ...

just sayin'

AZ

[goodietime]

"AG is NOT my friend!"

AG did NOT originate ANY of the Documents that ultimately will be used.

[goodietime]

"If AG has her way, common escrows will be worth (at most) 25% of what they should be."

Ask yourself this, 'Why was commons ALLOWED TO SURVIVE?' Surely the P holders didn't purposely give away the vast majority of the value. Value, that they COULD HAVE OWNED ENTIRELY.

imo, With the 75/25 split, everyone makes out handsomely.

UNLESS, you paid more than $125.00 per each of your UQ's.

[yes9]

I'm diggin the commons share # $493.96!!!!!!!!!!!!!!!

[Olti100]

I Love AG and the AG is completely wrong as the 75/25 is to stay with or without your or others consent as we all know whatst he make up of this trasvesty called Prefereds owning everything but ofrt he Humblness of WIllyJam gave a shot to the commons to be in game.So now is game over from already 13 years and all that Rubish posted from any one here trying to bring down the 75/25 is just a mascarade to piss of people when the story take of the ground.

[vodkadejour]

Personally I'm hoping she succeeds as I only have preferred. If 75/25 gets thrown out then I'll only get $500K. But my friend who invested only twice as much money originally will end up with $25 Million! That's certainly not anymore fair than commons getting shafted.
My hope would be a compromise, that seems fairest. But the compromise probably won't happen and I or my friend will get screwed.

Note: All above is in the context of day dreaming. I don't actually believe any of us will get anything. As always, hope to be wrong.
Best,
V

[Royal Dude]

Sam I am very excited for the settlement coming but remember the value creation of MBSs are from 15%-30% of the face value as established by the Lehman settlement. They used several variables to establish the value formula.

I like this as I'm sure you do but be realistic Alice. During Lehman they created a grid for the value of MBSs. 15%-30% of the face value. So 600 bil x 15% = 90 Bill real value. Not my opinion but in the Lehman settlement.
"4
To illustrate the impact of the MBS, for each $10 billion recovered each Class 19 security receives par and each Class 22 security receives approximately $2.10. Therefore, by Plaintiff’s estimate the $600 billion in MBS would provide as much as 60x par to each Class 19 security and approximately $125 per Class 22 security, both payable in Mr. Cooper Stock."
I am excited for that. Don't be disappointed with irrational exuberance.
JMO