Mr Cooper Group Inc (COOP)

[LuckyPanda]

seamus, i really don't have a good guess but it doesn't matter. I just know from the total number of $300 billion portfolio, that wmi originally owned most of the interest income stream from that last 2007 10k filing. wmi owned a 2.9% interest margin (total interest income - interest cost to deposit base etc..) on that $300 billion portfolio and about $30 billion of the principle.

the reason i am really excited about the DB probate is that it will definitely end the receivership and hence trigger the release of safe harbor.

remember, safe harbor is a legal isolation from both FDIC and WMI bankruptcy. That is why the judge/hochberg could not address it during the bankruptcy, or is it showing up on the FDIC receivership balance sheet. The WMI bankruptcy has been settled. We just need the FDIC receivership to close so that we can see what's in our treasure chest.

let's just all pray for a speedy probate and no more last minute lawsuits to tie up the receivership.