Mr Cooper Group Inc (COOP)

[LuckyPanda]

I'm not sure about the uncapped 75/25 split either but I am 95% confident about the minimum $60-$80 billion returning from safe harbor by just conservatively accounting for the interest profit margin.

I have been a long time lurker on this board. I want to thank all the posters like Azcowboy that have kept my hope up all these years. Now that I think there is a high chance of payout this year, due to the 5 year statue of limitation expiration for hidden assets, and due to WMIH needing to complete merger by Jan 8th of 2018, I wanted to contribute a little bit of assurance to the board in how much is coming back at a minimum. That's why I posted the conservative analysis just based on profit margin on the portfolio. I do not claim anything on how much of the off balance assets that we own in principal. My analysis is purely based on the the last published wamu 10k from 2007 on the profit margin of that portfolio. I'm just paying back the board for all the hope I received over the years.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128921683

Its also interesting that my conservative profit margin math arrived closely to Dr. A's $86 billion claim back in 2010.

It is also very interesting that if you look at the FDIC receivership report, there is a subnote on the bottom of the sheet that says, all interest from the assets will not be reported until the receivership is finalized.

The only thing that I'm really curious about now is Azcowboy's logic on why the preferreds might be capped. I always thought 75/25 was uncapped until now. He really brings up a good point. The assets and the potential sources of 3rd party win were clearly defined for our 75/25 releases. There was never any mention of the portfolio returns from the safe harbor. I dont thinj they could have legally mentioned them as safe harbor assets are suppose to be legally hidden from the bankruotcy process to prevent large losses from untimely liquidation. Its my understanding that safe harbor does not care about share holders or creditors. Its sole purpose to protect the value of the portfolio so that large losses from untimely liquidation would not threaten its solvency against the depost liabilities. The portfolio must payback the deposit base (principal plus interest). As long as it is solvent, the portfolio will make a profit from the interest spread. Anyway, long story short, escrow holders will benefit from safe harbor, but its intention was not for our benefit but to protect the deposit base. For that reason, safe harbor assets coukd not be legally addressed during the bankruptcy.

So now, are the preferreds capped or uncapped? I'm starting to lean towards capped after Azcowboys explanation. I wish there is a lawyer in the house to determine if this intrepretation of the releases can possibly be legal.