Mr Cooper Group Inc (COOP)

[tanjazielman]

Hahah "the opposite was expected". By whom? You? This is one of the bigger roadblocks that just got removed with beautiful timing. Should this case remain unresolved, there would be no escrow payment until this case was closed.

The fact that FDIC was deemed liable in fact strengthens the point that JPM didn't own these assets at all.

If your expectance was that escrow would be paid, this outcome actually is perfect.

FDIC-R is not released. JPM is.

So if JPM were able to keep all the cash they made, they'd have to return squat to us escrow holders. I'd rather have FDIC-R to have the obligation to return excess cash to LTI's (also referenced in the 25th of March PR, NO mention of JPM).

I'd even posit this "decision" was set in stone long time ago, but as LG said: expect a lot of rulings and events in rapid and succesive order. And that's what happening before us right now.