Replies to post #722955 on Mr Cooper Group Inc (COOP)

[UpTickMeA$AP]

The Receiver does not currently have and does not anticipate accumulating sufficient assets to pay in full all of the allowed claims of the general unsecured creditors of WAMU. As a result, the Receiver does not project having sufficient assets to make any distributions to WAMU subordinate note holders or equity holders. Therefore, it is unlikely that any distributions will be made to WMI or its successor on its claim as sole equity holder of the failed bank.

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html

And the Trusts actions after they deemed escrows worthless, with no further distribution, by deleting them, can't be more clear.


There you have it. Now, go into denial, twist facts into fantasy, and crawl back into your delusional rabbit hole of failure.

Cheers!