Mr Cooper Group Inc (COOP)

[WithCatz]

No tune change voo. CWG did a better job (as I pointed out) of trying to tie together the pieces of APR. And I clarified that "a priority" still exists, even in a negotiated settlement, to meet the "best interest of creditors" test (a required test of POR approval).

As CWG stated, there is a difference between a non-settlement thing -- and that is where APR applies strictly -- and a settlement thing {including the EC} where APR may be accommodated in a different fashion, in a negotiated fashion.

There still is a priority delta. And it is still maintained, just that the mechanisms may be negotiated.

...Catz