Mr Cooper Group Inc (COOP)

[Boris the Spider]

Yes LG, the process is beginning, finally.

The comment that WMIIC is being unwound is the biggest statement yet. It's amazing that so many cannot understand that.
And the FDIC meeting on 8/16 could spell the end of the DB suit....the last hurdle. Then the asset value will be determined and escrow payments can begin. This will happen in phases, over time. I believe the reason WMI has not done a deal to now is that they want to couple the deal with the escrow payout. The 2.5% is not the reason. They know vast amounts of said payout will immediately flow back to WMI by investors receiving escrow $, which gives them the financial leverage to do a much larger deal. This is why the delay. Makes perfect sense.