Replies to post #676280 on Mr Cooper Group Inc (COOP)

[Large Green]

Newflow, excellent research and thank you for sharing. Here is what you just posted concerning the DTC the below the line I will post what the December 31, 2021 filing by WMILT shows. Truly amazing!

———————————————
INTERESTING DTC SERVICES ARE MINISTERIAL IN NATURE
Participants and other authorized users expressly acknowledge that the services provided by DTC are
ministerial in nature.
———————————————-

WMILT 12/31 Filing

In December 2021, the administrators filed a Certificate of Cancellation with the Delaware Secretary of State’s Office pursuant to which the Trust was canceled effective as at December 31, 2021. After giving effect to the foregoing, the Trust no longer has any active operations and the administrators expect to complete a full-winding down of the entity on or prior to March 31, 2022.[/b]

So, between 12/31/2021 and 3/31/2022 WMILT will continue to wind-down ONLY administering MINISTERIAL details. Hmmm, Hmmm..,must be some HUMDINGER ministerial details!

[newflow]

You are welcome LG.That word "MINISTERIAL ACTIONS" connected the last dot from LT to DTCC,IMO.And one more interesting thing is about escrow CUSIPs.

"Some mandatory corporate actions result in the creation of an escrow CUSIP with position for each participant
based on the position as of a certain date in anticipation of future payments. For these CUSIPs, DTC will also
perform the actions noted above.
Some mandatory corporate action events allow participants to input an instruction that identifies and/or certifies
the beneficial owner’s right to a specific entitlement based on the terms of the event (e.g., tax withholding
based on residency or a mandatory event with a cash out option for positions held that are less than a certain
amount). These events will be set up similar to a Voluntary Reorganization Announcement (as noted in the
Voluntary Processing section).

So Escrow CUSIPS were a ministerial corporate action and it was "MANDATORY".LT has no control over ESCROW CUSIPS, except performing a MINISTERIAL ACTION, without their own judgement.Executing certain agreements(like R&A LTA) and GSA items.Probably COOP II,IMO.

[newflow]

Some mandatory corporate actions result in the creation of an escrow CUSIP with position for each participant
based on the position as of a certain date in anticipation of future payments.
Some mandatory corporate action events allow participants to input an instruction that identifies and/or certifies
the beneficial owner’s right to a specific entitlement based on the terms of the event (e.g., tax withholding
based on residency or a mandatory event with a cash out option for positions held that are less than a certain
amount). These events will be set up similar to a Voluntary Reorganization Announcement (as noted in the
Voluntary Processing section).

MINISTERIAL ACTIONS OF THE ADMINISTRATORS.