Replies to post #707297 on Mr Cooper Group Inc (COOP)

[xoom]

Then we also know that the WMI/DST already received/collected from the Receivership as a Secured Creditor( as reminded in the WMB abandonment letter) to the tune of at least $ 271.2 B + whatever PREMIUM WMB FSB fetched as JPM BOUGHT 100% of the WMB FSB stock from the Receivership and not the "stated" book value of WMB fsb.
So that money still needs to be ‘disbursed’
FWIW

[ReikoBlack]

From the Form 10-K (filed 3/15/2013) you seem to conveniently forget that it has been said that, "WMIIC does not currently have any assets or operations and is fully eliminated upon consolidation. Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Plan (see Note 2: Reorganization under Chapter 11 of the United States Bankruptcy Code to the consolidated financial statements in Item 8 of this Annual Report on Form 10-K)."
https://www.sec.gov/Archives/edgar/data/933136/000119312513110149/d445890d10k.htm

And, this has been reiterated in every 10-K since then until WMIIC was dissolved.

One more for you...
Pg. 11
"As a holding company, our only material assets are our cash on hand, the equity interests in our subsidiaries (WMMRC and WMIIC) and other investments. As of December 31, 2012, excluding restricted cash and assets held in trust, we had approximately $92.6 million in cash, cash equivalents, and investments, which includes $15.7 million held by our wholly-owned subsidiary, WMMRC; WMIIC holds no assets."

Of course! The original WMI is still alive - it's still been SEC reporting all these years out in the open. It's no secret?!? Original WMI became WMIHC to WMIH Corp to Mr Cooper. No surprise there.

There was another bankruptcy debtor of WMI, named WMIIC who's accounting was mysteriously severed on a consolidated basis with its Parent WMI....JUST BEFORE the first and second servicing acquisitions. That is a huge clue about what WMIIC's role was regarding original common equity interests (and later on those who released).

Once WMIIC was bled dry after 'elimination upon consolidation', months later the WMIIC shell was administratively dissolved.. Buried an empty coffin.

Where's the body at? Ask the Parent (XXXX)

[Royal Dude]

"The regulator has said it plans to propose in May a special assessment for the industry to replenish the $128B deposit insurance fund that's set to take a hit from the bank failures, Bloomberg reported, citing people familiar with the matter."