Mr Cooper Group Inc (COOP)

[drrugby]

Mr. S72, Do note the following FDIC rules that have been that have been approved for the FDIC in 2015.

https://www.federalregister.gov/documents/2015/04/24/2015-09572/restrictions-on-sale-of-assets-of-a-failed-institution-by-the-federal-deposit-insurance-corporation

The final rule's changes to part 340 ensure consistency among part 340 and §?380.13. This will facilitate efficient administration of the two rules and will help the public better understand how and when each applies. One comment submitted in response to the proposed rule noted that the revisions to part 340 will help to clarify the purpose, scope and applicability, and will make part 340 more consistent with the parallel provision in the FDIC's Orderly Liquidation Authority regulations that implements section 210(r) (§?380.13). The comment goes on to state that the proposed revisions will improve regulatory consistency and understandability, align better with market practices, and promote the regulatory objectives and intentions under the Federal Deposit Insurance Act.

(4) In the case of a sale of securities backed by a pool of assets that may include assets of failed institutions by a trust or other entity, this part applies only to the sale of assets by the FDIC to an underwriter in an initial offering, and not to any other purchaser of the securities.

The Million $ Question:
Will WMIH get an opportunity to buy the FDIC-R WMB MBS (off Book) Assets thru a public offering in 2017?

Or will JPM buy the whole lot and pay off the WMB Bond Holders and escrow holders? with the 173b$ Cash they now have on the books

https://www.sec.gov/Archives/edgar/data/19617/000119312516783403/d272226dfwp.htm
And Many other preferred shares sold.

GLTA..

GO WMIH Go..

DrR..