Mr Cooper Group Inc (COOP)

[LuckyPanda]

hotmeat, i think that is the point with the receiver. they need to show that they have nothing left for wmi estate at the end..like they have been claiming for a long time. I dont think there will be more than 2.7 billion in the receivership for the sale of the "bank". dont go after book value assets from JPM. we will never see any of that.

However, we still have the crown jewel under safe harbor. The $300 billion loan portfolio where we own a 2.9% interest profit margin and about $30 billion in principle value on day one of bankruptcy. That 2.9% has generated about $80 billion in profit up to date. This is what I am looking for. This safe harbor asset was legally shielded from bith wmi creditors and the fdic receivership. As you know, wmi creditors have been paid so once DB closes out with probate and the FFIC receivership closes out in the "red", safe harbor assets can legally come back to the estate