Mr Cooper Group Inc (COOP)

[CBA09]

Ref: Question: doesn’t the FDIC require a “release” before any $ distribution happens?

Comment:
No FDIC can make distributions at any time on claims. FDIC makes a determination based on available funds on what claims to pay. Of course they is a priority order and unfortunately shareholders are last.

Of importance is that final release / closeout of FDIC receivership will not happen if any unresolved litigation exist. Assets not of WMB that were transferred to JPM must be put back or paid for.

So yes the follow is correct-
Answer: The FDIC will be released when they "Make the Final Payment" according to the GSA and POR7