Mr Cooper Group Inc (COOP)

[LuckyPanda]

FDIC-R payment of $2.7B is a positive. This signifies the end of lawsuits that FDIC-R is potentially liable for. The remaining Libor suit against JPM has no liability exposure fir receivership. So technically, it should be safe for Safe Harbor assets to come out with the end of all liabilities against the receivership.

I was dissapointed at first of the lack of disclosure of safe harbor assets yesterday but after thinking about it some more, I believe it couldnt have gone any other way. FDIC-R must show legal isolation from safe harbor assets so they need to show the end game with only the purchase of WMB. Which they essentially did with $2.7B release yesterday.

I still believe the trust assets that DB probate released were part of safe harbor protection. So we should still see traces of it soon.

Looking forward to WMIH merger announcement in the next few weeks. One way or another, this is coming to an end.