Replies to post #707516 on Mr Cooper Group Inc (COOP)

[ReikoBlack]

What part would you like to be specifically commented on? The WMI Liquidating Trust was dissolved over a year ago.

REIKO,LODAS AND PICK PLEASE KINDLY COMMENT ON MY POST.
" Pursuant to Section 1.140 of the Seventh Amended Plan, WMI’s Equity Interest in all of its subsidiaries, except for WMI Investment, WMMRC and WMB, will be transferred to the Liquidating Trust."

[lodas]

new flow.... all assets of Wmi were placed in the WMIL-T to pay creditors claims...all assets of shareholders retained earnings which were about 450 million which A/M gathered from all subs of WMI... Doreen said they paid 6.95 billion in creditor claims, the balance was donated to charity (about 35 million)...assets that were placed in the WMIL-T were shareholders retained earnings only... MBS assets belong to investors that bought them that WMI was servicing...IMO, they were not included in the WMI-LT...MBS assets belong to investors, not shareholders...Lodas

[PickStocks]

Well… the trust chose not to distribute the millions so they gave it to charity and dissolved….trust never mattered…..hosen stated the trust will never distribute to class 19 & 22….and made good on that promise….