Replies to post #657617 on Mr Cooper Group Inc fka COOP

[mordicai]

The LT was indeed the successor in interest for some of the assets and not for others such as the reinsurance company and wmb. But apparently all the assets of the investment company have already been accounted for since the LT has stated there are no assets left in the trust. The LT has also stated that WMI never owned interests in MBS. There was also no mention of the ownership of any residual interests in the bankruptcy schedules. Contingent assets of WMI should have been so included. So what am I to conclude, other than somehow the POR did not operate to transfer such assets to the LT? And if not so transferred, then WMI would still own them unless transferred to an entity other than the LT before the effective date. But there seems to be no evidence of such entity or that the LT is in fact successor in interest to those assets. jmho

[User-793611]

Its successors can ONLY BE THE OLD INVESTORS.SUCCESSORS OF THE WMI/WAMU, but not the successors of the WMIH, since the WMIlt is terminated, with the end of its function, on Chapter 11 there are no more successors, but there are successors outside of Chapter 11, THEY ARE THE OLD SHAREHOLDERS.

They are the COMMONS/ESCROWS
With the end of WMIlt the direct line for successors has been completely closed.

ERGO; ONLY THE SUCCESSORS OF THE OLD WMI CAN EXIST, AND THESE SUCCESSORS ARE ONLY THE COMMONS/ESCROWS!