Replies to post #231866 on Mr Cooper Group Inc (COOP)

[wamuvoodoo]

allready the corrupt mm's are trying to walk it down again

[Wamunut]

AWESOME JOB !!!!!

[rob3115]

Well done William and thank you.

[wamuvoodoo]

william great post ,alot of great work brotha..

[longhaulq]

William-

Good analysis. I enjoyed the breakdown. I'm not convinced on a timeline yet-but yours sounds very reasonable.

best to you and all-

[XOM]

Terrific post, william48! eom

[thedeac]

This is an awesome analysis and commentary.
Thank you.

Thedeac[color=red][/color]

[STRIKEEAGLE]

Great post William... the monthly billing statements are certainly VERY telling!! Thanks for putting Cussler on hold this weekend. The outcome of the 7th will likely provide specificity as to the timing of a future settlement date.

AIMHO

[onco]

OUTSTANDING. thanks for the info. kindly keep it up as you see fit

[jcpny777]

"and all classes will be paid by Christmas"

this would put us in the money just under the wire for the new year tax basis
may the chips fall as you predict
great summary
tks for all your hard work

[Large Green]

William48, one of the BEST posts I have ever read in the almost two years of following. Thank you for ALL of your DD, sincerety and have a great week!!!

[jimmyturbine]

William,
I am very impressed with your writing skills and also your ability to explain our case and I appreciate your continued efforts!

If we get a settlement by Christmas, I can live with that though some need it sooner!

Person Mark for you!

Thanks and in my opinion,
jimmy

edit:I already gave you a person mark but how about 5STARS*****

[Wamunut]

Stickie this !!! Again great job !

[oilstrike]

Great postulations William! Sensible, imo. Am looking forward to the days ahead when many will be barely able to fit a post in edgewise on this forum for the giddiness and jubilation that will be brought with the "end game".

[Getn otta det]

Outstanding post William48. Thoroughly enjoyed it, and believe you're spot on.

[ABIGIDIOT]

aaannnnnnnnnnnnnnnnnnnddddddddddddddddd.... we're @ .20 + - .

still.

[xoom]

Mind blowing analysis.....Thank you.....

[climberprof]

William

Excellent post and superior writing skills. Thank you for your analysis.

After being about two years in WMI BK case we are all emotional here and we always want to see/comment the billing statements on the direction we like.

Could it be that Solomon's numbers are not so good and Susman kept discussing with EC possible settlement which pays prefs. well but not the common?

Before I get a lot of heat on this post, I would like to remind you that I am all in WAMUQ and not pref., and I am preseizure holder. I just want top think opposite side of your comments not to put myself in another big dissappointment like the one with Rosen's so called funny golabal settlement!

Best to all of us and I TRULY want that we all get a nice settlement on this.

Climber

[climberprof]

Person Mark for you! EOM. Climber.

[xoom]

William,
There are some very good posters both here and on Y.
But we would really appreciate YOUR views on some/all major events as they draw to a close.... reading your post...makes one think that you are a very good "analyst"

TIA

[Zilla]

A beautiful work of art. Thanks for your breakdown. :-D

[never-again]

Postscript: The only aspect of the proceedings that the billing statement failed to address was the nature of the sealed document that turned the case on its head.

Excellent post William!

IMO

All of what you have deduced is predicated on the info obtained and assembled by EC before the EC obtained access to weil's Document database. According to the the EC filling of motion to file under seal, just 2 days prior to the 7-8 closed chambers meeting, the info to be filled under seal was obtained from the debtors. Now if I remember correctly the EC got into the database on the 7-2. Prior to that date Rosen was stonewalling all discovery


We are just going to wait for the July billing to come out to catch a clue on the sealed document/s. Going to be a hard long wait.

Again bravo william and a person mark for you.

[Lucullus]

Great posting - greetings from Germany!!!

[jhdf51]

Many thanks william.....insightful.

[chaarles]

Thank you William, outstanding! Awsome Job!!
Regards from the beach!!

Chaarles

[xoom]

This is the part I like the most :

In other words, WE NOW HAVE (AS OF JUNE) SOME NUMBERS THAT ARE SO TRUSTWORTHY THAT THEY CAN, WITH GREAT CONFIDENCE, BE FREELY “PRESENTED” TO OUR ADVERSARIES FOR THE PURPOSE OF SETTLEMENT “NEGOTIATIONS”. And, evidently, there are so MANY numbers (i.e., ‘assets’) in the “presentation” that they are better displayed and examined within the framework of an Excel SPREADSHEET! “We don’t need no stinking 3.1a asset list”.

JMHO

[umaw]

Very Insightful Post....But


William, excellent, well thought and insightful post, but one thing keeps ringing in my ear.


After all these "settlement" talks, both parties, especially the S.G. and Nelson cleary stated to THJMW, two hearings ago, that the meet and confer and discovery and settlement talks yielded no cooperation by debtors and they couldn't come to any agreements. This, I think was all after the month of June. With this open communication by Sussman, I believe it highly doubtful that they would purposefully mislead us (the shareholders) if, in fact, meaningful talks were leading to a meaningful solution or end. They would likely say that "we are receiving meaningful cooperation by the debtors" or something like that or nothing at all. IMO... Now.... July's billing will be the bombshell in telling just how much progress has been made since this June billing.

[gophilipgo]

Great post, william. I agree with the overall majority of it, but the devil's advocate in me will question the implications of your fifth and sixth points. As noted, the EC has been in negotiation with the debtors all along, and not JPM and the FDIC. While I have no doubt a significant amount of groundwork was made in these negotiations, ultimately, the debtors are not the ones who will be paying the EC.

The one thing I find myself wondering is if the debtors are still running into issues with the FDIC and JPM; that is, they can't get them to pony up the funds to settle this thing, likely because the FDIC and JPM have their own dirt on WMI. I sort of think this might be the biggest cause of delay to getting this settled.

I'm still very much hopeful and of the belief that we will eventually get a hefty chunk of change back. The appointment of an examiner almost certainly assures us of that. How long it takes for him to find info that scares the debtors, JPM, and the FDIC into settling is what remains to be seen and will be the deciding factor as to when this case settles, in my opinion.

[Jestiron]

Thank you William for posting this. Your thoughts are VERY well formed and easy to read. Nicely done!

-Jest

[fsshon]

Thanks William very well put together and explained in great detail. I need to read the SG billing statement for June, does anyone have a link?

Thanks

~Don~

[trailblazin]

nice post W! Person mark for that effort....

[hestheman]

One of the best posts ever.....Great breakdown of what is currently going on. I agree that it will be a very merry Christmas.

[Gmenfan]

Great post!!!! This is a great analysis.