Mr Cooper Group Inc (COOP)

[Donotunderstand]

David

Not getting into the detail

This paragraph is interesting albeit not convicing - but yes this paragraph seems doable

In its simplest form, WMI/WMB registered many of their mortgages in “Mortgage Pools” or “Trusts” by way of legal maneuvering. This maneuver is similar to having “exempt assets” in an individual Chapter 7 or Chapter 13 bankruptcy, and prevents a bankruptcy court from listing them as assets. As far as the court was concerned, the “hidden in plain sight” mortgages did not exist, and the debtors and creditors could not use the value of the mortgages in any of the bankruptcy negotiations. The object of this maneuver was to convince the court there was no money for equity, so that the debtors could cancel equity. Later, the estate would pay the creditors from the spoils, and the rest would belong to the estate

I do not expect anything more then say 500 million for escrow and would love to be surprised and have to apologize to all those who said expect billions ------ and apology I look forward to making (as I will be able to afford it)

be well