Mr Cooper Group Inc (COOP) Options

Just my opinion. It’s not over until the FDIC says, “This Receivership(NV and WA) is Terminated.”
Then and only then is when I will put it to bed.

Yes, I will agree that there is a sliver of hope. A chance of something as long as it’s open.

JHD

Very kind …

Yes I’m in the Pacific Northwest. We actually had her at Saint Joseph Hospital in Bellingham and they want us to see a rheumatologist. I think her name is Stephanie Miller. She used to work at John Hopkins. She needs to be on prednisone right away because they’ve been giving her high dose steroids through intravenous feed.

I understand that the University of Washington Roosevelt has a fast track clinic for GCA , and of course they have a pretty good reputation for research and maybe they would be good to get hooked up with ..the doctor said he would refer me if we wanted a referral (I brought the U up)…but he said that may take some time to get in but right now she needs to be set up with a rheumatologist locally to get on the prednisone.

JHD

Pick, you are correct. Let me add. WMI owns all of the canceled shares and a Creditor to the ongoing claims against JPMorgan, and we(Shareholders) are Creditors and Beneficiaries of the Estate just the same. “Riding the Coattails,”as Honorable Judge Mary Walrath phrased.
Holders of Canceled Escrow Shares in Bankruptcy are Beneficiaries of the Estate.
( Once upon time the information was on the Investopedia site, but I opened my mouth on this board an after 7/26/2021 it was removed.) I know what I read and where. I visited the site and reread it several times until I opened my mouth here and only here. Then It was gone.
Just my opinion. It’s not over until the FDIC says, “This Receivership(NV and WA) is Terminated.”
Then and only then is when I will put it to bed. Final Cash Distribution is different from, Final Dividend Distribution.
Using the Projected 2008 Scheme 12 IRS blah blah blah there is not enough, but using 2025 Numbers and Valuation the Accounting will be much different.
They are not Blatantly lying, but still are Omitting the Truth.

jhdf51,
Total respect to you that your 'Wife' is your 'Life'...I'm certain she's safe and has the best that anyone could offer.

My last indirect, self prescribed intervention to your personal life - Again, on the proactive direction: Interventional Radiology (IR Radiologists') play a limited but emerging role in the diagnosis and treatment of Polymyalgia Rheumatica (PMR) and related Giant Cell Arteritis (GCA). I believe you're of the Northwest territory, where several Top Notch practicing IR Radiologists reside, I can't speak to their clinical expertise to any trials for Polymyalgia / GCA treatments or successes..?

God Speed to your wife for a painless recovery & take care of yourself, too.

That is so kind of you to reach out. I know many lurk in the shadows and I probably should because being here making comments can get you in trouble and it’s not worth the stress.. I know the doctor said they really don’t know what causes it could be stress related. It is an immuno compromise thing so I will definitely take you up on that and make sure that I’m diligent with her on those tests going to a low inflammatory diet, keeping her exercise up maybe some meditation to help her reduce her stress

And of course I need to reduce mine because she’s my life.

Warm regards,

JHD

JHD

jhdf51,
Thoughts and prayers to you and your wife during this very trying time. I usually lurk in the shadows of all the different opinions expressed regarding WMIH/RKT/Receivership/DTCC, etc..., however, yours is an area I have retired familiarity and clinical knowledge. Be diligent with your wife on scheduling BMD's (Bone Mineral Density) testing and DEXA Scan's. I'm certain your Primary Care has informed you, nevertheless, doesn't hurt to be proactive!

Thanks LG. Yeah I’ll do my best to take care of her figure out a new meal plan cause she has to be on a low inflammatory diet. Prednisone long term raises blood sugar and causes fluid retention. So lots of figuring out to do.

JHD

Thank you.. very kind. Kind of a scary time right now.

JHD

Thank you, yes.. and many more!

JHD

How long is that going to take? Aren't there some banks hundreds of times smaller than WAMU that are STILL under receivership?

Jhd, My prayers go out to you and your wife.

That is amazing...everyday is a blessing 

Jhdf51, very sorry to hear about your wife. Hope and prayers coming her way and she is very fortunate to have you helping her get through this illness.

Take care and wishing you the very best!

…

Man I appreciate that.. she’s a beauty we’ve been married 43 years.

JHD

You have my prayers....

Yes thank you.

JHD

Thank you. I appreciate your reaching out.

JHD

JHD, sorry to hear of your wife's health problems!

LG,
Call me not Smart, but still I am not able to get your Drift. How will Endless Years of Delay in getting the "F&R promised" recoveries affect on the eventual taxes you have to pay on those ;"Stock market Gains", whichever form they come in? What about the "Opportunity Cost"? IF I had gotten the 'F&R Promised" in , say, 2020, I would have invested when the stock mkt hit the bottom and would have made 600% gains on that and IF i didn't sell those securities, I wouldn't have paid any taxes whatsoever. TIA & GLTU....

Gary
To me there were even 2 or 3 more that may have been more important

1. TPG/Bondermanm put 7.2 bill into WAMU
2 Changing the interest to be paid to P's from 7.5% to 6.875% WHEN THEY ARE SUPPOSEDLY WORTHLESS and will never see a penny according to many here.
3. EXIGENT CIRCUMSTANCES


And even when some say nothing is coming back here, I find it interesting that NONE WANT TO SELL their right title and interest in and too those shares reasonably

Always want 100 or 200$ for their P's AND THEY BELIEVE NOTHING IS COMING BACK ,hell 10$ beats nadda right

jhdf51, if one believes in the PLR, and I do, it fits in one of the blanks. Remember, there are two actions that the very few who are ultra, ultra wealthy live by even though they will not admit it in this order, but their actions tell the truth.

1) They know how to make large amounts of money and accomplish this ultra wealth

2) They know how to LEGALLY avoid and/or control taxes

3) Family and everything else are down the line AFTER the first two

So to answer your question the potential distributions we are waiting for have EVERYTHING with controlling and/or avoiding taxes. Even though this may have created many years of delays, it will ultimately be worth the time invested. Remember, these people are already ultra-wealthy, so this will not change their lives like it will many others, but they will get another trophy.


...

Well, she’s 68 I’m 68. She’s been having fullness and pain in her head… Tylenol codeine didn’t cut It couldn’t open her jaw very far. We thought she had TMJ until one morning a few days ago her vision pixelated in one of her eyes took her straight to emergency then transferred to another hospital and she was diagnosed with this temporal arteritis . She’s gonna be on long-term prednisone, which is horrible and what that brings, but her life expectancy is going to be comparable to the general population so that’s great. .

Thank you for asking Pick.

JHD

The fight for 5% was the most evidence that shows that we are going to get paid. 

JHD everything ok?

I know he won't ask for it so, I will ask for him

Prayers out to JHD's wife as she is in the hospital having been diagnosed with """ temporal Arteritis"".
ALL prayers appreciated

I’m trying to understand how the rocket deal affects everything.

Why....because he may have been right that things were being hidden.....suckman and group still had the opportunity to go after GS and did not...

There is a reason he doesn't post anymore..because everything has changed and no longer fit in his theory..

NOTHING HAS CHANGED from the day we signed timely releases regarding returns, as the game is far from over. Rather, I can make a case that it has just started with the public announcement of the RKT/COOP merger.

Even CBA09 said in one of his posts that we may have to wait until the Receivership has officially closed/resolved which makes total sense, BIG MONEY always makes excuses and delays before it is released to the next destination.


...

Wow

I totally get it LG. Doesn’t necessarily mean we’re gonna get paid and I know it’s frustrating but as you say… as long as it remains open, there’s a chance..

JHD

JHD51, you know as well as I do, ALL has to do with money...CMON MAN. Further, why did these same UWs get an entire year to sign their releases over EVERYONE else? They finaggled their way into class 19 after they discovered through the very work they do that the VERY BIG MONEY was untouchable by the FDIC (in my view) and in Safe Harbor-controlled DSTs.

I suggest you review some of these posts I captured from a former IHUB poster, CBA09, whose specialty was exactly what we are speaking of regarding Safe Harbor protected monies that were set up correctly, which I believe WaMu accomplished.

____________________________________________________
FROM CBA09


On a more positive note, I always remember the IHUB poster, CBA09 who was an admitted Certified Bank Auditor who posted for quite a while answering everyone's questions knowledgeably and professionally. He always said we MAY have to wait until the Receivership is ready to be closed before we see any returns BUT he did say without ANY DOUBT that we are GOLDEN. I will leave by posting some of his posts before he suddenly and mysteriously disappeared without any notice.

Anyone Who Doubts Large Style Money Returning Needs To Read IHUB Post #490806

***Many thanks goes subject matter experienced poster CBA09s following posts***

Ref: So will they just magically make the Escrows worth something then?

Comment:

Shrew professional investors here. Those initial & ensuing Hedge Funds did not invest and release on guesswork. Rather a keen understanding of what assets and rights to assets will prevail beyond the reaching powers of bankruptcy.

It seems many here are down to a glimmer of hope, from once having high hopes. I have been primarily silent. Why!?! No need to focus on the daily PPS. It is of no concern to me.

Do you believe these Hedge Funds & Institutional Investors are concerned with the daily PPS? Of course not, they are inured to its daily movement and the postings on this Board.

Those who have their ticket punched, namely releases, take note that you are joined in the company of those in the know. Knowing the "Final Outcome."

The key here, I strongly contend, is outside the waterfall. So those assets shielded from the Trustee's reach as follows:

1) SPE / Trusts assets ( The parent is WMI )

2) Abandonment of Stock. ( As any future value goes to WMI and is not included as an asset of the estate).

The following post by CBA09 (#490902) is also another great compelling, experienced view by a certified bank auditor such as him:

"Ref: Any idea as to timing? Are we looking at sometime before or after the end of 2018?

Comment:

I believe the timing will be twofold:

1) what happens within the finalization of receivership before the end of Sept 2018,

2) That what happens outside of the receivership, specific to Bankruptcy remote entities - SPEs. This, I strongly believe, is where the lion's share of recovery will come. Each SPE / Trust is governed by the expressed language of each PSA. There a many and most likely many have reached ripeness while others continue to carry out payment compliance to investors/certificate holders.

These stand-alone SPEs have many accounts that keep separate various types of revenue. I know from first-hand experience the amount of retained assets within can be massive. Many Trusts have 6-7 tranches with 10's of Thousands of loans in each tranche.

When a given Trust's PSA has completed its fulfillment to certificate holders a provision called "Accounts Removable" takes place. But before the actual removable is initiated a reconciliation of "Retained Assets" takes place. This is the vouching of reports to $ in the captive cash accounts along with any remaining "Over Collateralized Pooled Receivables." Then a true-up, namely $ distribution is performed by the Master Servicer. Here, from my experience, the Holding Company (WMI) would be the receiver of these retained assets.

Now the question is when will this happen. Since this is outside of Bankruptcy it could have happened with each fulfillment of PSA. Then again it could be ( for completed "True-ups" ) in tandem with the finalization of Receivership. Then of course, as those that meet fulfillment, a payout is accordingly. "

**********SOLID POST FROM CBA09****************

Now To Me - The Following Tells The Entire Story Except When

GOOD REVIEW FROM CBA09***From a Certified Bank Auditor-Subject Matter Expert
CBA09
Sunday, 01/14/18 03:41:16 PM
Re: LuckyPanda post# 503177
0
Post # of 531409
Ref: CBA09, if safe harbor rules protect the assets to pre-bankruptcy ownership then its distribution should not apply to POR7. Does that mean escrow markers are moot? Will all Wamu shareholders receive a distribution including the non-releasing ones? Thanks in advance for your input. I have been wondering about this for some time.
Comment:
Liquidation of assets involves two distinct assets:

1) Property of the Bankruptcy Estate - (Por7 applies).

2) Non-Property of the Bankruptcy Estate - Safe Harbor Assets ( regular bankruptcy code procedures/priority apply).

While the above two are distinct in nature "ALL" residual interest will go to Escrow Markers. So, no, not moot. Escrow Markers are the legacy shareholders. Thereby, having final legal standing and in turn sole contractual rights/title in residual interest.

Ownership Chain -
WMI owns the assets of WMI and in turn, has legal title to all the assets of its subsidiaries. Shareholders of WMI have legal title to all the assets of WMI. All assets that end up in WMI through its subsidiaries are thereby assets that WMI shareholders have legal contractual rights.

Por7, through its declarations, has addressed the distribution of liquidated Bankruptcy Estate Assets. All residual interest of estate assets will go to Escrow Markers per the 75 % / 25 % allocation.

Since our Safe Harbor Assets are outside the bankruptcy estate, those captured within SPE/Trusts will follow each respective Pooling & Service Agreement (PSA) provision. Generally, it's the Parent that receives cash flows of residuals. Note, SPE# 1 creates the SPE# 2 /Trusts, SPE 1 are many times direct subsidiaries of the Parent. And, SPE # 1's have a great deal of involvement in the residual interest of SPE # 2 / Trusts.

In a solvent entity, shareholders cannot force a distribution. A Corporation, through its board, has to declare a distribution of its profit before shareholders are to receive any distribution in the form of dividends.

PSA are compelling and indivisible - only one end stop - Escrow Markers.

The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in their[url][/url][tag]insert-text-here[/tag] part (b) of what is to be retained, and that is because, in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.

Now, it's my position, Your Honor, that the examiner doesn't need to know much about the retained assets other than to say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. However, I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.


xxx

$7.36 now

Acquisition price snapshot: COOP @ $117.290 RKT @ $12.905
COOP should be: $142.14
COOP/RKT discount: $24.85
COOP is currently 82.52% of its acquisition price.

GO RKT! Hurry up with that acquisition.

Up over $6 not bad so far to get back to where we were some days ago.

JHD

Yep, all good questions. Who knows

JHD

Why did Mr.Nelson specifically requested court that equity take control of WMILT after claims were to settle?.Why two insiders were appointed as administrators and why the RALTA was not public?. What happened to the DCR?. Who are the parties to RALTA?.

Yes, that is a certainly true; doesn’t mean anything beyond that but certainly there was something they were fighting for.

JHD

RICO.....if you look at the documents you signed when you released you will see that you accepted whatever happens...which you were part of the reorganization.....

The GSA was between JPM, WMI and FDIC...not with old escrows or EC.....what could be initial payment could be the final payment.....

JHDF51, how do you explain the UWs who do the very work the old WaMu required to ensure the setups were following the exact FDIC accepted rules and regulations meeting Safe Harbor protected assets? Yes, they spent two-plus years fighting and a few million dollars defending their class 19 status against Alice.

...

I guess I’ll just say this because it’s the truth; while the receivership is still open, as LG has stated, there is a chance of something …if it’s closed with no resolve …there is none.

This has stayed open way longer than most.
And what further frustrates is the lack of documents showing JPMorgan is liable
for any further payment under the original P&A.

JHD

On the day WMB was sold to JPM, a purchase amount was agreed upon — but that could never have been the final price, because no one could have known the exact value on that day. And the FDIC is legally obligated to settle based on the book value as of the date of the seizure.

Just want to clarify that "Initial payment" does not mean "first installment".
Doesnt mean there are more payments coming. Now yes...something magical could happen but common and preferred holders
were wiped out and legally subordinated and all court filings confirmed no residual value was left for equity after claims were satisfied.
So again...yes there could be some slight slight chance....but....

Respectfully,

JHD

After this tariff crap subsides we should rocket..(pardon the pun).

JHD

FDIC DOCUMENT CONCERNING THE WaMu P & A

PLEASE LOOK UP MEANING of Initial Payment

WaMu Purchase Assumption Agreement

WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT

Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first, they need to understand what the term, "INITIAL PAYMENT" means

The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.

https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf

***PDF Page 20***

ARTICLE VII

BID; INITIAL PAYMENT

$1,888,000,000.00 for The Assuming Ban has submitted to the Receiver a positive bid of

Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.




...

Yes...I understand...Rico and all...but there is no concrete evidence suggesting an escrow payout..would be nice to see the case reopened or a docket entry....there is no update ...nothing...thus I have little belief that there will be a payout.

JHD

That didn’t work out in the LIBOR case either — and there were only about 20 insiders involved. One key difference between the WaMu case and LIBOR: in LIBOR, there was room to negotiate, since both the victims and the total volume of damage could only be roughly estimated. In contrast, in the WaMu case, every single victim is precisely known — as is the total amount involved. And let’s not forget: we’re also looking at RICO here

I believe JPM/FDIC would dare to do that...Ego..narcissism, shaming...all part of an entity that does not recognize nor care about your feelings.

JHD

We can also talk about the roughly 6,800 companies that were involved in the 2012 release — or whether JPM/FDIC would really dare to defraud 6,800 companies, or bring them all on board and then hope it all stays under wraps. That didn’t exactly work out well in the LIBOR case — and that only involved about 20 firms