Replies to post #709712 on Mr Cooper Group Inc (COOP)

[Bizreader]

When a citizen is willing to do what it takes to force a reveal on all of WMIH's holdings and receivables as well as equity.

[ron_66271]

Thanks Newflow. Plan 6 LT.

Actually the Liquidating Trust was created before Plan 6 was created, but we were never told about the LT until Plan 6 by the Equity Community Presentation and the Transcript.

“The WMI Liquidating Trust is a trust that was created in 2009 to hold mortgage loans that were originated by Washington Mutual, Inc.”

This is not the same Trust discussed as the Plan 7 LT for Creditors.



Ron

[ron_66271]

‘Held’ or Serviced?

“The fair value of the WMI Liquidating Trust mortgage loans held by Mr. Cooper Group Inc. is based on an independent appraisal.”

What about the $600 Billion plus being serviced by COOP?
Where did that come from?
Not NSM.

A Liquidating Trust is not required to tell the world its value. The Trusts purpose is to not to expose the value.



Ron