Mr Cooper Group Inc (COOP)

[clawmann]

Note that the home page still says "Please note that under federal law, 12 U.S.C. § 1821(d)(11), claims by subordinated debt holders are paid only after all claims by general creditors of the institution. At this time, the FDIC as Receiver for Washington Mutual Bank does not anticipate that subordinated debt holders of the bank will receive any recovery on their claims."

Question: Did WMI file a general creditor claim with the FDIC-R??


The next updated Receivership Balance Sheet Summary, which will appear in October and reflect the status as of 30 Sept 2016, should be very interesting.

This is the latest one, and it shows the situation as of June 30:
Click XII at https://www.fdic.gov/bank/individual/failed/wamu.html

I don't think the recent settlement resolved the LIBOR claims. The FDIC sued 16 big banks, and - from what I have read some portion of any judgments or settlement amounts should find its way into the WAMU receivership.

In the end, there may indeed be something that eventually flows to the LT (and onto Piers and then escrows) from the FDIC.