Replies to post #678531 on Mr Cooper Group Inc (COOP)

[bumpkin]

As a former bank teller (many years ago) I seriously doubt if checks are sent out for us to cash, unless they are for smaller amounts than we would think of as fair and reasonable. Checks will not be issued and mailed to us to cash for large amounts! My investment was made in WAMU from an IRA account in Fidelity. All these years I have been mailed a monthly statement showing "my positions". My feeling is that after all these years of record keeping, it is no big deal that these "worthless" accounts have been removed from my portfolio. For many years, a stock was listed, but had no value, it was worth nothing!
I am thinking that now, if this money has had taxes paid on it prior to us receiving the value, it will NOT go back into the IRA. It was zeroed out and then Poof Ghondi. When this is paid out, with all taxes paid to date, it will no longer go in our IRA account, but will be in a new place, where it will be available to us without the penalty to be paid, that would have been due from the IRA, which was money that no income taxes had been paid on. The worthless escrow account in our IRA account no longer exists. The money coming back will have had taxes paid, and thus will be a brand new account that can be more readily available to us to use. Make sense, folks?

[Royal Dude]

It is always about the taxes nothing is what it seems

Bucket 1 on or before March 4th 65 day rule for a payment in 2021 for the accumulated interrest of 2012-2022 of the p's $782. $2.80 per u common aprox IMO.

B #: 16541-22 Date: February 11, 2022 To: All Participants Category: Operations / Reorganizations / Dividends / Settlement From: Asset Services – Corporate Actions ClaimConnect™ Service Attention: Operations Managers/Cashiers/Officers Subject: Upcoming ClaimConnect™ Enhancements Based upon client feedback received, DTCC is pleased to announce enhancements to the ClaimConnect service. The changes will be effective on Thursday, February 24, 2022 after 8:00 pm eastern time and are as follows: • Addition of a new Claim Type field • Notification of rejected and dropped (not made) SPOs • Search filter to ‘Limit To’ closed claims
https://www.dtcc.com/.../Files/pdf/2022/2/11/16541-22.pdf

Bucket 2 Stock In the 2 quarter on or before June 30th (600b x 15%-30% value is 90 Bil value in stock)

This CONTRIBUTION AGREEMENT, dated as of February 10, 2022 (this “Agreement”), is by and among Nationstar Mortgage LLC, a Delaware limited liability company (“Transferor”) and Sagent M&C, LLC, a Delaware limited liability company (the “Transferee” and, together with Transferor and the Transferring Entities signing the Assignment Agreement, the “Parties”) and, solely for the purposes of Section 3.2, Section 5.9, Section 5.13, Section 5.18 and Section 10.14, Mr. Cooper Group Inc., a Delaware corporation (“Guarantor”).

https://www.sec.gov/edgar/search/...
https://www.sec.gov/.../000115752322000186/a52577821.htm

On February 10, 2022, Mr. Cooper Group Inc., a Delaware corporation (the “Company”) and Nationstar Mortgage LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (the “Transferor”) entered into a Contribution Agreement (the “Transaction Agreement”) with Sagent M&C, LLC, a Delaware limited liability company (“Sagent”), pursuant to which the Company will contribute, assign, transfer and convey (a) certain assets and liabilities of its servicing and subservicing technology platform for performing and non-performing mortgage loans (the “Mortgage Servicing Platform”) to Sagent in exchange for 200,760 Class A-1 Common Units of Sagent (subject to certain adjustments as set forth in the Transaction Agreement) and (b) sell, transfer and convey certain tangible personal property of the Transferor used in the conduct of the Mortgage Servicing Platform to Sagent in exchange for $9.875 million in cash (the “Transaction”).
https://www.sec.gov/.../000115752322000186/a52577821.htm


I truly believe but do not quanteed that this is the payment that the Judge reffered to for our 1st Bucket this week on or before March 4th. But what do I know ?? the second Bucket will be ln longer term and mostly in stock. The Big qestion will they rip us off? If they do then we will make life difficult for them. There are bigger players than little old me that will not be happy if not funded. This will be my last date I promise you ?? Have I said this before, really, I promise.

[xoom]

AZ, A good post by GoldCanyon on BP. Thoughts ?

WMI would have had to disclose it's DST interest in bankruptcy as an asset if it owned the trusts. WMI gave up all interests in the trusts when they went off balance sheet. They own nothing and WMILT owned nothing. In order to have a "true sale" and be bankruptcy remote, WMI could not own any part of the off balance sheet assets. But the WMI investors separate and remote from WMI can own the DST interests and be beneficiaries as a separate group.

[ItsMyOption]

Hi AZC, I am also waiting for that 10-K and based on last few years getting filed last week in Feb. I am expecting it Feb. 25th on Friday.

Thanks for all the DD you have provided over the years - our time has come!