Mr Cooper Group Inc (COOP) Opciones

got a problem with whats in the documents?.... hire a lawyer to read them for you...The "truth" never goes out of style.... you are not a shareholder anymore in WAMU/WMI....., and have no rights to the estate of the Reorganized Debtor....try reading the documents again.....Lodas

Wrong Pick! It was Wells Fargo Bank Trust Company who certified AZ as an Accredited Investor so he could invest in all of the WMB bonds but it was Hosen who told AZ how to do it!

Semper Fi

always the same crap

Q to AI: "What are the specific details about the liquidating interests issued to Class 19 and Class 22?"
The Seventh Amended Plan of Reorganization for Washington Mutual Inc. specifically addresses the liquidating interests issued to Class 19 (Preferred Equity Interests) and Class 22 (Common Equity Interests) as follows:

1. **Liquidating Trust Interests**: Both Class 19 and Class 22 holders receive liquidating trust interests in book-entry form. These interests represent their entitlements to distributions from the WMI Liquidating Trust, which manages the remaining assets and liabilities of Washington Mutual Inc.

2. **Treatment of Class 19 - Preferred Equity Interests**: Class 19 holders are entitled to distributions based on the liquidation of preferred stock assets. The plan outlines the process for determining the value and allocation of these interests, ensuring that they are issued in a manner consistent with the liquidation priorities.

3. **Treatment of Class 22 - Common Equity Interests**: Class 22 holders receive liquidating trust interests tied to common stock. These interests are issued in book-entry form, and their value depends on the residual assets available after satisfying higher-priority claims.

4. **Book-Entry Form**: The issuance of these liquidating interests in book-entry form simplifies record-keeping and ensures efficient management of distributions through the trust mechanism.

These provisions ensure that both classes receive equitable treatment during the liquidation process, with distributions managed through the WMI Liquidating Trust.

Citations:
[1] https://www.smithlaw.com/assets/htmldocuments/Tax%20Law%20Webinar%20PPT.pdf
[2] https://www.thetaxadviser.com/issues/2023/oct/llc-distributions-that-liquidate-a-members-interest/
[3] https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/financial_statement_/financial_statement___18_US/chapter_6_statement__US/68_common.html
[4] https://www.irs.gov/pub/fatca/int_practice_units/liquidating_distributions_partner.pdf
[5] https://www.irs.gov/pub/fatca/int_practice_units/sale-partnership-interest.pdf
[6] https://www.dol.gov/agencies/ebsa/laws-and-regulations/rules-and-regulations/exemptions/class
[7] https://www.law.cornell.edu/rules/frcp/rule_23
[8] https://www.mayerbrown.com/-/media/files/perspectives-events/publications/2022/05/jewett-tax-notes-federal.pdf

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Answer from Perplexity: https://www.perplexity.ai/search/where-does-the-seventh-amended-CyCo.F6lT1WkJzzTEBEdpg?utm_source=copy_output

Q to AI: "Were the Liquidating Trust Interests issued in a book-entry form?. What does it mean?"
Yes, the Liquidating Trust Interests (LTIs) were issued in book-entry form. This means that ownership of the LTIs is recorded electronically in the books and records of the Liquidating Trust, without issuing physical certificates to beneficiaries. Beneficiaries can request statements of their holdings but will not receive paper certificates[3][5][7].

**What Does Book-Entry Form Mean?**
- **Electronic Record-Keeping**: Ownership is tracked digitally, eliminating the need for physical certificates.
- **Efficient Transfers**: Ownership changes are made electronically, simplifying processes.
- **Centralized Management**: A registrar or transfer agent maintains the records securely[1][2][4].

This system reduces risks associated with loss or damage of physical certificates and enhances efficiency in managing ownership records.

Citations:
[1] https://www.investopedia.com/terms/b/bookentrysecurities.asp
[2] https://www.poems.com.sg/glossary/investment/book-entry-security/
[3] https://woodbridgeliquidationtrust.com/faq/
[4] https://en.wikipedia.org/wiki/Book_entry
[5] https://portal-redirect.epiq11.com/SIK3/document/GetDocument.aspx?DocumentId=4087435
[6] https://www.sec.gov/answers/bookentry.htm
[7] https://portal-redirect.epiq11.com/TC1/document/GetDocument.aspx?DocumentId=1288823
[8] https://securitiesce.com/definitions/5364-book-entry/

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Answer from Perplexity: https://www.perplexity.ai/search/did-wmi-liquidating-trust-coll-fTFVsX4IQOiz521Ag_4HWA?utm_source=copy_output

Q to AI: "Did WMI Liquidating Trust collect W-9 information from former shareholders of Washington Mutual, Inc and why"
Yes, the WMI Liquidating Trust collected W-9 tax information from former shareholders of Washington Mutual, Inc. This was necessary to ensure compliance with tax reporting requirements. Beneficial holders in certain classes who provided correct W-9 or W-8 forms were issued Liquidating Trust Interests (LTIs), which represent their share of the trust's assets[5]. The collection of W-9 forms is standard practice for liquidating trusts to report distributions and income to the IRS accurately, as each beneficiary is treated as an owner of a portion of the trust for federal income tax purposes[3][5].

Citations:
[1] https://www.irs.gov/pub/irs-wd/201808004.pdf
[2] https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
[3] https://ttlc.intuit.com/community/taxes/discussion/wmi-liquidating-trust-disbursement-how-to-enter/00/2243097
[4] https://www.uscourts.gov/sites/default/files/2012_dodd_frank_report_-_final_0.pdf
[5] https://veritaglobal.net/documents/8817600/8817600170920000000000001.pdf
[6] https://casetext.com/case/in-re-washington-mutual-5
[7] https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
[8] https://www.sec.gov/Archives/edgar/data/933136/000090951812000140/mm04-0612_8ke992.htm

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Answer from Perplexity: https://www.perplexity.ai/search/did-wmi-liquidating-trust-coll-fTFVsX4IQOiz521Ag_4HWA?utm_source=copy_output

If anyone on this message board suspects fraud was committed upon them by WMI, FDIC, OTS,JPM, or others in connection with any facet of closing the chapter 11, or illegal seizure of WAMU, IT IS YOUR RIGHT TO HIRE AN ATTORNEY AND SUE FOR RELIEF......................anyone?......Lodas

CHANGNOI

And the SECOND CASE has a 22 BILLION $ claim against the ESTATE of WMB, which was announced to be paid in the next 2 weeks and that is when the FDIC rushed in to keep from losing their control over that 22 mii

HOLDING COMPANIES hold the ASSETS to SUPPORT their subs!!!!! WIth no DEBT in WMI's BK there plain and simply has to be money or proeprty left, HAS TO BE like the brick and mortar stores and their CORP office that JPM SOLD and imho probably illegally as I believe the HOLDCO WMI would have held title to that.

The equity stock, and preferred stock WMI held in WAMU was cancelled and extinguished, and all rights to dividends under the previous prospectuses are NULL AND VOID!!!!!!!...the chapter 11 is closed 13 years ago, with all claims paid, and all cross claims against participants were GRANTED RELEASES.....shareholders in WAMU exited the chapter 11 INTACT, and were given stock in the reorganized company called WMIH, and the reorganized Debtor owned the remains of the ESTATE....there is no provision for post chapter 11 payments to holders of UNSECURED DEBT which was cancelled....under the provisions of the "Exchange event", all unsecured preferred stock was transitioned to common stock and given shares in the reorganized WMIH in a ratio of 75/25%....there is no provision for post chapter 11 RELEASE CLAIMS TO BE FILED...once you signed the release document, no further claims for recovery can be made...... period.....Rosen said WMI held no MBS, and that they were all sold off to GSE's.....WMIH exited the chapter 11 with one Trust (WMMRC) to manage the Reorganized Debtor.... the 7 Reinsurance Trust, plus WMIIC were liquidated, and the funds placed in the WMIL-T, and given to SECURED Creditors.. There is only 1 Trust held by WMIH after exiting chapter 11...ALL ASSETS OF WMI. BOTH REPORTABLE, AND NOT REQUIRED TO BE REPORTED WERE DISCLOSED TO THE COURT!!!!!!!!! .......now, these are just a few of the statements in the official filings.... what dont you understand about them???....the text is quite clear if you have a neutral mind to absorb data on a non biased emotional mind set.....my point?.... former shareholders of WAMU/WMI will not receive any additional monetary, or stock values for their previous holdings after the chapter 11 closed.... only by FRAUD committed upon them, and upon reopening the chapter 11 by court action will relief be made.......Lodas

JPM "paying" only $ 1.88 B for WMB because of the $ 272 B listed liability on the Receivership Inception balance sheet are wrong SIMPLY BECAUSE WMB's liability were PRIMARILY made up  in the form of deposits of $188.3 billion, and owed $82.9 billion to the Federal Home Loan Bank.

only a small reminder:
FDIC can't sell assets of WMI and second Case 08-12228 had no liabilities

all your stuff is .....

Speculation at best.....

Yes but there is one who claims he is a special accredited investor because Hosen told him he is one.....lol

Yep. But some like Bill are letting their emotions get out of control. The hardest part about holding onto a belief for many people is trying to hold on to themselves at the same time.

JHD

JHD

Thats all it has eve been,speculation gleaned from a lot of DD

"" but all speculation at this point"" come on silver lining.

Most here would or will far pass the requirements to be a whoopie ACCREDITED INVESTOR.................. And many more already are

NOT ENOUGH FOR THAT nor would I ever create or get into a mortgage again.

Prob 10-15 mill

and so were the Liabilities at WMB. This has always fascinated me that the basic premise of a public company has alluded some.

Public companies exist under a very basic formula. Assets = Liabilities (-) Stockholder Equity.

Regardless if you think the number at WMB at seizure was 309B,308B, 299B... Lets Only discuss a single liability. Customer deposits. This money is given to the bank by their customers. Pretty simple right? WMB had about $185B of Assets that were deposits. On the other side of the balance sheet, there was an equal amount of Liabilities. About $185B. So its part of that big number but its just money WMB is using from its customers and ultimately belongs to them (customers) insured by the FDIC to some extent, but its customer money.

So for just that single item. Did WMB, a wholly owned subsidiary of WMI actually have that 185B to distribute to shareholders? If you cant understand that very simple premise... It makes the rest of the numbers very difficult to follow.

When the bank was taken and given to JPM they were on the hook to pay those depositors the $185B in deposits and it shows up as an increase in their Liabilities on their next 10K after the xfer.

That is a single item. Regardless of what you think the original number might be. That's about 60% of that number that did not belong to WMI/WMB or the stockholders, bondholders, and in succession they would not have gotten it. If you cant understand that maybe you should start thinking about your own bank account which if that is what you believe is not YOUR money at all...

Agree Bill, loans are a side issue for the brokers.reason why Schwab bought 65% of it. There should be plenty of cash. Borrowing may be used as a means of doing business if low enough.

Yes ok…hopefully silver linings but all speculation at this point.

JHD

Oh please!! The court is above all the corrupt and us ! Spreading doubt about this fact is a futile attempt by you! Go escrow holders!

More interesting facts:

This document was files under case number 08-12228 - @Lodas - you remember ?

https://www.veritaglobal.net/document/0812228141014000000000005

And in this file you can find this:

INTERROGATORY 18: State all the facts that support Your contention that WMB's assets constituted all or substantially all of WMI's assets.
ANSWER: WMB's assets were legally owned by WMI. WMI's executive leadership oversaw the business of WMB and did not distinguish between what an executive leader of WMI managed between WMI vs. WMB. All of the assets of WMB were viewed and managed as part of WMI. The company reported its assets and financials on a consolidated based and presented at investor conferences at the overall holding company level.

We are just minions.. it is beyond all of us.. no matter what court says, no matter what document says...
Game is too powerful for all of us... no one gives away Billions especially who can take it from you.. it will be a miracle.. if we see anything even we are the rightful owners... Game of attrition.. that is what power use and it is a similar game of Attrition by using law against us..

But what about escrow? 😀

JHD

Thanks ron_66271.

Can a Brokerage House make Unsecured Loans…

To un-accredited investors?

Absolutely Not

The securitization for the naked loans comes from past history for accredited investors who have the capital in their accounts as collateral.

That isn’t your or me. Yet.



Ron

Nd9. I Gave You Every Upvote I Could.

The Derivative Market of CDS is looking to be settled.

We all are overdue for this to end!



Ron

We’ve talked this before but I really don’t care about having to pay taxes or paying interest on loans. Those are good problems, that I hope I have.. right now, all I care about is getting paid, and soon.

Nd9

ron_22671, banks give out unsecured loans all the time. There are no assets tied to those unsecured loans.

In this case, I believe CSNY is saying based on your previous Wampq, wamkq, wamuq escrow stock, the brokerages have your assets, and so they can lend out money based on those assets, and they can put a freeze on your withdrawals (when escrow stock paid by jpm, fdic, wmih), until you pay them back.

Jmho
Nd9

JD WENTWORTH Isn’t a Brokerage House.

Poor example.

The loans she has alluded to makes your loan a naked loan.

Totally illegal.



Ron

What Hard Assets Did You Have For Collateral?

You won’t get a loan based upon your looks.

I can’t and I’m much better looking than you.
Just ask me!



Ron

RON

REALLYYYYYYYYYY think again pard, I mean really !!!!!!

'"""""What she is proposing is totally illegal.I didn’t respond to this on BP because I would have been banned again.""

ASK JD WENTWORTH HOW ILLEGAL THAT IS

OH and imho you wouldn't you have been banned for saying that at all

Ron
COOL but what about 640 to 1280 acres of land and 3 homes and 1 guest home and the equipment and everything to do dat?????????????? Even here now your gonna pay 5 to 10K per acre,
4 houses 800K
Equipment prob 250-350K
3 barns 86k per

RUN the numbers

Now don't get me wrong, IF IF IFIN my divie would cover that, I will never borrow ...........

Yes Nd9, That’s What She Said.

I have a Margin Account. My money isn’t available to trade until the money clears.

What she is proposing is totally illegal.
I didn’t respond to this on BP because I would have been banned again.
I agree with AZ that she is compromised. I have evidence.

How many months elapse before you get the money?
You are then left very exposed.


What if Example;
The Brokers front you a loan based on the understanding of a pending distribution.
You take the loan.
Then the market is disrupted (planes flying into buildings).


I’m fully expecting cash distributions.

The numbers have told us.



Ron

Ron, well, maybe I misunderstood, but I thought that is what CSNY said, that we would be offered loans, based on upcoming distribution.

Thanks
Nd9

Why Take a Loan out Against Cash Distributions?

A major part of our financial return is Cash.

Just set up your brokerage accounts to transfer money to your bank accounts.

I already have.

I don’t believe that any brokerage can offer a forward looking loan on money not received!
Not even a Margin account.
Totally illegal.



Ron

Just curious....who here receive the offer for the loan?????  Would like to see the message if it was against their margin account.....like I said just curious.....

Not sure

BBANBOB, was it just Schwab? Has anybody heard anything about the other brokerages. I owned LEHNQ but within my Etrade acct.

thanks,
ND9

In a way that's a good thing, right? They wouldn't dangle that type of loan out there, if there was nothing coming back.

To be honest, I would borrow some money immediately to pay off some bills.

McMahon stepped out of the chambers, grabbed a law book , read some pages and then went back into the chambers.
Exigent Circumstances….
Glad that at least one individual stood up for the mom & pop investors

The only issue is we can all claim a potential distribution would put many in goood/great situations.....still speculation...no guarantees.....so you claimed yourself you do not know when or guarantee anything....but you still refer to yourself in the third person....strange....love coop is still the tell above 100...so keep referring yourself in the 3rd person..

Agree ND. So if they offered you a loan today for 5 million, based on your potential future holdings vs you actually getting distributions maybe 3 months down the line, I guess you would just wait since you already waited for 16 years.
BUT if you anticipate a downturn and needed cash asap to capitalize on the potential downturn, then it’s an offer you may not refuse.

Bban , And the issue you 2 disagree on, is in parenthesis below :

AZ : 75/25 to the end (of the LT)
Bban : 75/25 to the end (of all distributions)

I guess it’s just the interpretation.

One has to understand the TRUE VALUE of this much money in the proper hands........................

They could easily leverage this to 15 to 20 X's and while doing that, EASILY pay us 10% of our face annually and then at the end of 10 yrs, and then give us the lump and still make out like bandits

I just hope my need for money for property and homes and equipment doesn't exceed my divi, since I hate to borrow anything

GOODIE

ORRRRRRRRRRRRRRRRR be given shares in the PRIVATE company and IT uses our money and IT provides us with a healthy dividend ON OUR MONEY. Now they could do this for say an EXTENDED TIME frame say 10 yrs then allow us to take our money out or continue to participate with them and get divies. AND LET'S SAY the divie was 10% of your holdings and then at 10 yrs ya got availability to the lump sum in the end............ SOrry but DA BOYZZZZZZZZZZZZZZ can make one hell of a lot more money than I Can

Now I feel I know how nasty these boyzzzzzzz are and I feel very few of us will be invited to the party on that private side
Won't go onto it again but I hold a NICE CHUNK of K's XXX,XXX and a few 100 O and I wonder f I will even make the grade

But if kicked to the curb with FAIR COMPENSATION , then I guess I would just have to live with it

https://www.linkedin.com/in/joseph-mcmahon-063b123a

THANK YOU SIR yes it was HIM

"Wasn't that in fact the guy that stated ""EXIGENT CIRCUMSTANCES""

Perhaps US Trustee Joseph McMahon?