Mr Cooper Group Inc (COOP)

[clawmann]

Even so Schedule 3.1a is a non-exclusive list. Section 3.1 of the P&A says the purchased entities "includes [sic*], but is not limited to, the entities listed on Schedule 3.1a."

(*It should read "include").

What I am still trying to work out is why the definition of "Assets" excludes "Assets owned by Subsidiares of the Failed Bank".

How does one interpret Section's 3.1's statement that the subs were in fact purchased if the assets of the subs are not included? What good is a sub without its assets?

The P&A is a very poorly written document. I would have thought that the FDIC would have had a finally worded document as a "go to" template, since the transferring of failed banks is part of their core business.