Mr Cooper Group Inc (COOP): Forget to mention. Probate court has the...

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Mr Cooper Group Inc (COOP)

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Re: tanjazielman post# 480138

Tuesday, 06/20/2017 5:59:53 PM

Tuesday, June 20, 2017 5:59:53 PM

Forget to mention. Probate court has the power to order the Trustee to release a "preliminary distribution". I believe this is what happened last friday.

Meaning 100 billion can be paid now to the FDIC, thanks to repayments, JPM refinancing and liquidation proceeds and 51 billions in quarterly payments until the last MBS trust loan has matured (until 2043?).

So we will be taken care of for quite a while. Thank you hedgies!

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