Replies to post #679906 on Mr Cooper Group Inc (COOP)

[austin01]

"But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets".Did a neutral third party ever investigate retained assets? If so, what was their report?

[lodas]

LG......again WADR...this is all water under the bridge from 2010.... we know that the liquidating, and the litigating committee never pursued these matters, as the chapter 11 is now closed, and the WMIL-T is closed, with no further business, and CERTAINLY NO MORE FUNDS TO PURSUE THESE INTERESTS....the last of the money was given to charity.......all this stuff that is brought up post chapter 11 is all "feel good stuff" without any force in 2022.....what makes you think there will be magical production of payoffs for these escrow markers?... from what pool of liquid assets do you think they will come from, and by what authority will make WMIH, or WMIL-T (now closed) to make them?....please posts links to your assertions, as guessing will not cut it anymore in light of the fact the escrows were deemed worthless, and removed from brokerages accounts....Lodas

[TriDaddy]

“therefore the liquidating trust can go ahead and pursue them”

IMO, this is even more discouraging since the LT did anything but pursue said assets. They have vehemently denied any such assets exist.

[newflow]

LG Thanks for sharing.Good info.

We also have in there the part (b) of what is to be
14 retained, and that is because in negotiations that we had with
15 all of the settling parties, with the equity committee last
16 week, with the FDIC, we did talk a great deal about the concept
17 of the retained assets. Now, it's my position, Your Honor,
18 that the examiner doesn't need to do much with the retained
19 assets other than say the assets are retained and therefore the
20 liquidating trust can go ahead and pursue them. They will
21 still be there; they can be carried through. But I understand
22 that the equity committee is very interested in having a
23 neutral third party do an investigation of those retained
24 assets. And if that's what they'd like, then that's going to
25 be fine with us as well. So in our proposed middle ground we
1 do have this clause (b) with respect to the retained assets
2 component.

SO EC WAS DIRECTLY LINKED TO THE RETAINED ASSETS.

PALADIN!!!!!!!!!!

[bond-007]

Baring a hidden camera from project veritas showing they stole them it's done...