Mr Cooper Group Inc (COOP) Options

Significant Features of the Seventh Amended Plan

The following is a brief overview of certain provisions of the Seventh Amended Plan and is qualified in its entirety by reference to the full text of the Seventh Amended Plan, a copy of which is annexed hereto as Exhibit A, as well as the documents included in the Plan Supplement. For a more detailed summary of the terms and provisions of the Seventh Amended Plan, see Article VI below.

1.
Reorganization

The Seventh Amended Plan contemplates a reorganization of the Debtors pursuant to chapter 11 of the Bankruptcy Code. After the Effective Date of the Seventh Amended Plan, Reorganized WMI’s assets will consist of its Equity Interests in WMI Investment and WMMRC, as well as in WMB (unless and until WMI abandons its interest in WMB prior to the Effective Date, as discussed further in Article VIII hereof and in all respects, in a manner consistent with previously issued rulings by the Bankruptcy Court), the Senior Notes Release Consideration and Senior Subordinated Notes Consideration (discussed below in Section III.B.6.b(iv) hereof), as well as, as a result of the Reorganized Common Stock Elections, certain Runoff Proceeds and Litigation Proceeds.

As set forth in Sections 1.140 and 27.3 of the Seventh Amended Plan, all of WMI Investment’s assets will be contributed to a Liquidating Trust (discussed below), such that WMMRC, which is currently operating on a “runoff” basis, will be Reorganized WMI’s only operating subsidiary. WMMRC, a Hawaiian corporation and non-debtor, wholly-owned subsidiary of WMI, is a captive reinsurance company, created to reinsure the risk associated with residential mortgages that were originated or acquired by WMB. Mortgage insurance for WMB-originated or acquired loans had historically been provided by seven mortgage insurance companies (collectively, the “Mortgage Insurers”), although currently WMMRC is party to mortgage reinsurance agreements (the “Reinsurance Agreements”) with only six mortgage insurance companies. WMMRC entered into Reinsurance Agreements with each Mortgage Insurer, pursuant to which it would share in the risk, in the form of claim losses, in exchange for a portion of the premiums generated from the residential mortgage loan portfolio held by the Mortgage Insurer.19 See Section IV.A.6 and Articles VII and VIII hereof for financial projections and information related to Reorganized WMI (including, in particular, WMMRC), as well as further discussions relevant to WMMRC’s business and to certain tax consequences related to the consummation of the Seventh Amended Plan.




__________________________
19 One of WMMRC’s Reinsurance Agreement counterparties is PMI Mortgage Ins. Co., Inc. (“PMI Mortgage”), which Entity was seized by Arizona state regulators on October 20, 2011. The Debtors understand that, although PMI Mortgage has ceased writing new business, PMI Mortgage will continue to insure its existing mortgage loan portfolio on a runoff basis, and will continue to make payments of premium income to WMMRC pursuant to the Reinsurance Agreement.



20

Pursuant to the Seventh Amended Plan, Reorganized WMI will issue (i) the Runoff Notes and (ii) the Reorganized Common Stock. Certain Creditors may elect to receive or may by default receive Runoff Notes in lieu of the distributions of Creditor Cash such holders would otherwise be eligible to receive on the Effective Date, which elections will be honored, to the extent Runoff Notes are available and to the extent that electing holders are entitled to receive Creditor Cash on the Effective Date, in a manner consistent with the Subordination Model annexed as an exhibit to the Seventh Amended Plan, a copy of which is set forth in Section III.B.6.d hereof. The Reorganized Common Stock will be distributed (i) to holders of Equity Interests, to be allocated among the current holders of WMI’s preferred and common Equity Interests in the manner set forth in the Seventh Amended Plan or such other manner as ordered by the Bankruptcy Court, and (ii) with respect to the Common Stock Allotment (i.e., Ten Million (10,000,000) shares of Reorganized Common Stock, representing five percent (5%) of the issued and outstanding Reorganized Common Stock as of the Effective Date), to those eligible Creditors that make Reorganized Common Stock Elections, all as discussed in greater detail below.

Reorganized WMI will be funded by (i) the Seventy Five Million Dollar ($75,000,000.00) Senior Notes Release Consideration and Senior Subordinated Notes Consideration from the holders of Allowed Senior Notes Claims and Allowed Senior Subordinated Notes Claims, (ii) as a result of the Reorganized Common Stock Elections, subject to the relative priorities thereto set forth in the definitive documentation governing the Runoff Notes, Runoff Proceeds in an aggregate original amount of Ten Million Dollars ($10,000,000.00) plus any interest accrued thereon at a rate of thirteen percent (13%) per annum, as well as certain Litigation Proceeds, and (iii) to the extent of any, all Runoff Proceeds that are generated after full satisfaction of all amounts due on the Runoff Notes. In addition, subject to the terms and conditions set forth more fully in the Seventh Amended Plan and the definitive documentation governing such loans, AAOC has committed to provide the One Hundred Twenty Five Million Dollar ($125,000,000.00) Credit Facility to be used by Reorganized WMI to finance working capital and general corporate purposes, as well as certain permitted acquisitions and transactions..............Lodas

Wow a lot more volume today.

JHD

JPM paid a premium of 1% for $188 Billion deposits it received. Book value had to be paid "Pursuant to PAA".

The Main constituents of TBTF.

JPM at 57%
BofA at 30%


The overall market was ~$83 Trillion in notables.
$13 Trillion in residential mortgages of most were in ABS/RMBS and insured.
Now add in the Commercial loans.


Hint;
SWF for TBTF.
Not F&F. F&F is a recipient from TBTF like the other 20 banks.



Ron

agreed FDIC took over the case from the OTC about the time we changed to ch.7. I wanted Ron to look over the accurate information in case there was something about OTC and derivatives I didn't understand. Just focusing on being completely accurate.

be well ND9
$27

Maybe a PLR. I Say TBTF Doesn’t Have the Money.

The PLR are just too ambiguous for me. Could be anyone.

The numbers are real and have history. I will track the numbers.

$1,500 Billion in RMBS by WaMu all insured.

@11.9% from Globic;
TBTF owes WaMu $178.5 Billion.

In general; TBTF owes the $13 Trillion in ABS;
$1.5 Trillion to cover the losses.

TBTF FAILED.

Plus, JPM still needs to pay for WMB and its assets!


Hint;
SWF.
TBTF Stock and warrants placed into SWF cover the loan from the government to make the payments to the 20 seized banks.



Ron

The FDIC is the receiver of the 20 banks listed below....... and the FDIC is suing the LIBOR defendant banks/institutions on behalf of the 20 banks below.

EXHIBIT A
(1) Amcore Bank, N.A.
(2) AmTrust Bank
(3) California National Bank
(4) Colonial Bank
(5) Corus Bank, N.A.
(6) Guaranty Bank
(7) Imperial Capital Bank
(8) IndyMac Bank, F.S.B.
(9) Integra Bank, N.A.
(10) Lydian Private Bank
(11) Pacific National Bank
(12) Park National Bank
(13) R-O Premier Bank of Puerto Rico
(14) San Diego National Bank
(15) Silverton Bank, N .A.
(16) Superior Bank
(17) United Commercial Bank
(18) United Western Bank
(19) Washington Mutual Bank
(20) Westernbank Puerto Rico

Ron, there is one action you have not considered and I believe could be very real. That is the delays may NOT be waiting on the FDIC, Libor or the Receivership rather it MAY BE, JUST MAY BE waiting on a final element of a PLR. There is no way they could put a plan together and move forward if they still needed another piece of the PLR to be approved. Yes, in my view, there is no doubt a PLR is involved.

There are two things these BIG MONEY PLAYERS know very well who can never have enough which puts their families in third place and others further down the line of importance. They follow.

1) Making insane amounts of money

2) Legally avoiding and or controlling taxes

3) To accomplish the above actions, a PLR would be required

4) I believe it is entirely possible the PLR could be the reason for the length of this case


...

The Derivative Obligations are Still Intact.

Please remember that on September 14th, 2008. JPM didn’t have the money to cover the 17 Billion nightly loan to Lehman’s.
JPM was broke!
JPM needed cash and WaMu had cash. Over $40 Billion minimum.



Ron

why does JPM have to pay up more money to the FDIC-R!!!!!!!!!!!!!!!!!!!
under the terms of the GSA, all parties came to an agreement and released each other for cross claims concerning RICO charges, settlement of assets to JPM for 1.89 billion dollars, in return for what WMI got in return... yada, yada, yada..... JPM does not owe anything more than what they agreed on with the PAA (Purchase and ASSUMPTION AGREEMENT)...get it?.. an agreement to take over the Banks and related assets and liabilities for 1.89 billion dollars..... 1.89 billion dollars.... 1.89 billion dollars..... 1.89 billion dollars.... get it?... 1.89 billion dollars....Lodas

OTC seized UWBKQ not FDIC
if that makes a difference with derivatives I am not sure.
be well
$27

I’m better at Tracking the Numbers.

From Bob’s post;
“It is ONLY great if the remaining banks have caved as well by the APRIL date,”

What banks need to cave?

TBTF (JPM… ) or FDIC(WMB+10)?


Very few people understand the Derivative Market insured the ABS/RMBS.
Losses are covered and the losses need to be reimbursed.



Ron

United western is one of the 20 banks that the fdic was suing on behalf of (the 20 including wamu)..

Does this mean anything to FDIC-R 'Closing' the WaMu BK? Or Are we in the Purgatory till JPMC decides to Pay up? Can't believe how JPMC is able to wield so much power as to just 'wait out' till all WaMu holders 'just wilt away'... I think FDIC-R is 'in-cahoots-with' JPMC to STEAL WaMu without any further Payments (The 'F&R' promised) to the WaMu shareholders....

Ron, you said the following and my comment in red.

“the remaining banks”?

TBTF (JPM…), or the seized banks (WMB)?

Is UWBKQ one of the 20 banks that FDIC is litigating on behalf of?...YES

Was UWBKQ seized by the FDIC?...YES



Ron

ND9, Yes to what Questions?

TBTF owes us a lot of money.

$13 Trillion in residential mortgages in 2008. At 11.9% loss ratio, $1.5 Trillion that the Derivative Market Writer’s needs to cover.

TBTF FAILED.

Using the FDIC numbers;
$1.5 Trillion by WMB with a loss rate of 11.9% is $178.5 Billion to WaMu.

The numbers tell us the story.

Why was Globic called Globic?




Ron

Yes 

ron_66271, yes. Nd9

Googled it and found nothing on it so far!

Bob;

“the remaining banks”?

TBTF (JPM…), or the seized banks (WMB)?


Is UWBKQ one of the 20 banks that FDIC is litigating on behalf of?

Was UWBKQ seized by the FDIC?



Ron

Thanks Ron ! That also makes good sense to! 👍

Thanks! I hope it’s the 299 billion! lol

I Think it means that the Parties Thought Thy where done.


“The sequence followed by the parties, involving plaintiffs errata submissions and defendants submission of a reply, did not result in a single document, as envisaged by Rule 56.1.”

The Court needs definitive closure.



Ron

Bill
It is ONLY great if the remaining banks have caved as well by the APRIL date, WE STILL have the SONATARO /UBS group/The City of BALTIMORE(which I watch as well because of UWBKQ) left as well left to cave.
And imho all need to cave and pay before we see chit, so the FDICK knows for fact how much it has to deal with in making our deal right

Wow! How good is this?? I’m glad she is demanding more action for her rulings!

More LIBOR.


“ENDORSED LETTER addressed to Counsel from Naomi Reice Buchwald United States District Judge dated 3/21/2025 re: In re LIBOR-Based Financial Instruments Antitrust Litig. ENDORSEMENT: As you are no doubt aware, 56.1(e) of the Local Rules of the United States District Courts for the Southern and Eastern Districts of New York contemplates a single, consolidated document that reflects the parties positions regarding material facts. The sequence followed by the parties, involving plaintiffs errata submissions and defendants submission of a reply, did not result in a single document, as envisaged by Rule 56.1. Accordingly, the Court requests that each side submit, for its respective 56.1 statement, a consolidated document reflecting the initial statement, response, reply, and errata. For any language that has been modified by plaintiffs errata submissions, the document should clearly indicate what text is original and what text reflects the corrections made by plaintiffs in their errata submissions. Each side is directed to submit its consolidated document via ECF and to deliver one printed copy to Chambers by April 10, 2025. (Signed by Judge Naomi Reice Buchwald on 3/21/2025)”

[t][/t]

Ron

"lodas, so what does that make you, a woman?"

Perhaps just a wannabe?

lodas DID post, "the Queen says "

My reply was:
lodas, It's good to see you finally come out and be your 'true self'.

So, there is evidence pointing to that possibility....

Yes I forgot it went that low..I loaded alot more in the $9-$11 area.

JHD

An adult male that banters back and forth with “adult men on this message board who are wishing for a monetary return from a chapter 11 that was closed 13 years ago…..yeah, speaks volumes……….Lodas.” Definitely speaks volumes, what a loon! Jezzzzzzz!

lodas, so what does that make you, a woman?

I still think lodas = (load a sh!t)

ND9

adult men on this message board who are wishing for a monetary return from a chapter 11 that was closed 13 years ago.....yeah, speaks volumes.........Lodas

Ron
Or at least getting many out of the way, so it is GETTING TO US or getting closer TO US each day

AZ
We again agree on your statement about common, as well we agree on the fact that all will be just fine(some finer than others but)

"COOP's Share Buy Back Program was designed to eventually level out the Public Share Platform between an Original Releasing (wamuq, class 22) WMI Common Share Owners'," Back too 100 mill shares putting commons back at holding 51%

As for the rest, time will tell and time will tell all

Also someone posted the other day WHERE WE WERE GIVEN LTI's in a direct quote, but I won't go into that much as I think lots WAS done that was obscured so we could not see it

Yes This is About Us.

“2025NOTICE OF VOLUNTARY DISMISSAL WITH PREJUDICE OF THE NORINCHUKIN BANK PURSUANT TO F.R.C.P. 41(a)(1)(A)(i): PLEASE TAKE NOTICE that, Plaintiff The Federal Deposit Insurance Corporation as Receiver for 20 Closed Banks, by and through its undersigned attorneys, hereby dismisses with prejudice all of its claims against Defendant The Norinchukin Bank in the direct action Federal Deposit Insurance Corporation as Receiver For Amcore Bank, N.A., et al. v. Bank of America Corp., et al., 1:14-cv-01757 (S.D.N.Y.), pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, without interest or costs to any party. SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 3/20/2025)“

‘’et al”

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262



Ron

Today is triple witching for all options contracts on the exchanges, so that is the reason for the market selloff... also, the POTUS has hinted that some tariffs implementation are negotiable, and the market is recovering.. I bought some positions on the magnificent 7 stocks, and already in the green....good hunting....this year should prove interesting for risk takers in the market.....Lodas

~ ADDED; ... As "COOP"s Share Buy Back Program was also initiated at an integral and interesting time' ... I maintain that COOP's Share Buy Back Program was designed to eventually level out the Public Share Platform between an Original Releasing (wamuq, class 22) WMI Common Share Owners', and the 2018' NationStar Subsidiary Grouping Acquired & onboarded new people ... Bonds' (p's and k's) Are of a Different design, and I doubt will be included in a COOP trading platform reset; ... beyond the wmi-lt's diversions, a common share and a bond CAN NOT be combined to be ratio divided' ... COOP continues on as ALL common shares' currently ~

Also, ... as a Direct Owner, after checking this morning, one' of the WMB Note / Euro Bond cusips, ... is Now Revealing that it has 144a as well as reg-s considerations that are continuing to be serviced ...

AZ

~ You're Welcome Clinton, and So Many, Many Others', ... "Money Has No Emotion.", "Only Reality" ... So, the TRUTH in the Evolutional Process Has Been Important to ol' cactus, ... and this Cowboy' also approaches investments (especially WaMu), without emotion ~

Thankfully, due to another rosie boner', ... the Wells Fargo Trustee notified the Judge of what was being attempted, and ultimately, the classes below the 16's were allowed ...

2012's WMIHC was formed at the WMI Reorganization ...

in 2015' ... WMIH became a relevant entity ...

in 2018' ... a loan servicing subsidiary group became necessary ...

... the Release Documents, were and are Cusip Specific to Each Individual Owner and to the Amount of Ownership submitted' ... the process in the release describes how, the Release was to be submitted to a broker, then packaged by the broker and submitted to KCC, and then KCC submitted the record keeping to the DTC ...

So, some facts that ol' cactus concludes ...

with the wmi-lt now closed up, ... there will be NO MORE wmi-lt related distributions, or LTI's able to be issued and the misunderstood "TO THE END" has come and gone' ...

the numbers being proffered about are ridiculous ...

the WMI Relevant Trusts were purposely moved, so public accounting would NOT BE Necessary ... WMIH / COOP 10-K described' ...

... anger, lies, the twisting of presentations, and the misreading and misunderstandings of the WMI reorganizational documents is all that is professed here these days' ... and ol' cactus iggy's all of it ...

AZ

JHD
I think it is doing great, 3 yrs ago it hit $4 and now sits at $104.62 any that can do real simple math can see, that is a 26 bagger in 3 yrs............2600% increase
Next time any find one like this and can get me in @ 4 let me know

I was sitting with no dry powder at the time

lol.. sure hope so.

JHD

jhdf51, I’m pretty sure that with my survey equipment we could triangulate the location of the pot of gold at the end of the rainbow in your photo. The cow and fence posts in the background are the key to our success.

Yes both on the same side and you and Lodas on the other. But Lodas is ready to jump and abandon you. So watch out.

LATEST $COOP price targets==>DEUTSCHE BANK:💥$137💥, UBS:$135, Barclays:$130, Piper Sandler:$120, KBW:$115, JMP Securities:$115, Wedbush:$115, Compass Point:$110

Yep Coop is doing great!!!!

They are both in the same boat......lol

But hey, the stock is doing fine!

Go COOP!

JHD

Just Repeating same things???...We all did the same things, BOZO...Looks like your Brain Fog increasing day-by-day and your Confusion is increasing and Speech is SLURRY and you are grasping for Words...Hence, seems the Repetition & Regurgitation...Please get immediate Medical Help...God Bless!

Documents
Last full update: 511 days ago. Update now
# Date Description
03/20/2025***NOTICE TO COURT REGARDING NOTICE OF VOLUNTARY DISMISSAL Document No. [4542] Notice of Voluntary Dismissal, was reviewed and referred to Judge Naomi Reice Buchwald for approval for the following reason(s): the plaintiff(s) filed their voluntary dismissal and it did not dismiss all of the parties or the action in its entirety;. (Text entry; no document attached.)
454203/19/2025NOTICE OF VOLUNTARY DISMISSAL pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, the plaintiff(s) and or their counsel(s), hereby give notice that the above-captioned action is voluntarily dismissed, with prejudice and without costs against the defendant(s) The Norinchukin Bank, Norinchukin Bank. Document filed by Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver. Proposed document to be reviewed and processed by Clerk's Office staff (No action required by chambers). Filed In Associated Cases: 1:11-md-02262-NRB, 1:14-cv-01757-NRB.

short sellers are dismantling Tesla stock... IMO, it was as good as it was ever going to get for this company...Warren Buffet said "always leave something on the table for the next guy"....Elon wanted it all, and forgot where his wealth came from.... the market will now take it all away, now the bankers will start calling his loans....it always ends this way... "when you don't see the good in your fortunes, the bad will follow"...Lodas

Yes but the real value is not there but in the FDIC - R

Settlement is $9M