Mr Cooper Group Inc (COOP): Escrows will be paid in stages over time...

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Mr Cooper Group Inc (COOP)

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Boris the Spider

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Boris the Spider

Re: rockie101 post# 410436

Sunday, 12/21/2014 1:37:37 PM

Sunday, December 21, 2014 1:37:37 PM

Escrows will be paid in stages over time. I think the low hanging fruit already known, will come back to the estate very soon. The rest will be plunked into accounts as they are confirmed, and I think we are close to that now that the PAA is closed.
This is the perfect time to disperse these funds with all the other news out there now. The FDIC can easily bury this in the news so people aren't outraged by the payout and the incompetence of the FDIC in this fiasco.
I'd love to believe that escrows will be paid out now in conjunction with this deal, but I have my doubts. However, the board may know differently and may know these assets are coming in NOW.

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