Mr Cooper Group Inc (COOP)

[bkshadow]

The Agency "must exhaust" defenses...

Evintos

If FDIC-R couldn't care less, they wouldn't have filed for an appeal.

...or it is exposed to other creditors in the receivership claims priorities; it is simply required IMO.

...quite in the same way Deutsche Bank is required to make the effort on behalf of the Trusts it is administering (such MBS Trusts owned by investors in series and tranches secured by mortgages being serviced by various entities that were bought and paid for from WMB; i.e., these mortgages were protected from the assets on the petition date (legal isolation is for the benefit of such securities holders')). Again, IMO.

...Also IMO, the next time and resource battle, if Deutsche Bank upheld on appeal, is the high likelihood of significant litigation by Deutsche Bank and JPMorgan seeking tier one creditor class (ahead of each other) of the receivership and the Senior WMB bondholders (who would be seeking to enter and object to such).

...unless they can all just come to a multi-party agreement; with the Agency and Deutsche Bank will similar duties and responsibilities and JPMorgan with its typical elephant in the room cooperation.

Evintos
You're alive!!

[Evintos, alive and well, big world to see. Nice to see your Moderator status. Miss input from Moderator WithCatz, but it appears not much to discuss]