Mr Cooper Group Inc (COOP): bkshadow, one of us is absolutely wrong....

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Re: bkshadow post# 411228

Tuesday, 12/30/2014 1:47:36 PM

Tuesday, December 30, 2014 1:47:36 PM

bkshadow, one of us is absolutely wrong. Now I am totally confused...

provided, however, for the avoidance of doubt, WMI and its chapter 11 estate do not hereby withdraw or release any claims asserted by WMI as a creditor of WMB against FDIC, in its capacity as receiver for WMB or in its corporate capacity, on account of WMI's status as a creditor, and do not withdraw or release any rights under the Global Settlement Agreement...

You said:

It is quite simple. WMI, as a creditor of WMB (which after seizure and placement) is in receivership of the FDIC. The FDIC-R will handles all "creditor claims against WMB," including "creditor claims by WMI." These are against WMB, not the FDIC-R.

I am not a native speaker, but I think it clearly states "claims ... against FDIC in its capacity as receiver..." which translates to "claims ... against FDIC-R"