Mr Cooper Group Inc (COOP)

[ron_66271]

The WMB Receivership Needs to Close in 3rd QTR (Sept).

If the receivership closes EOY 2017 (end Dec) then WMIH looses the CG/CL Tax Attribute, and will have to pay the taxes on "the Final Payment" due to the five year tax rule.

To close the receivership the WMB Bonds must have released the FDIC. The WMB Bonds release with distribution (Receivership Certificate) which will probably be in JPM stock.

For the WMB Bonds to be payed with JPM stock, JPM must first own WMB. For JPM to own "WMB and it's assets" JPM must make "the Final Payment" which happened on June first.

Class 17 is proof of the holdings backing ABS/MBS loan portfolio's to support the WMBNH-program, class 19 is also backed by ABS/MBS loan portfolio's, class 22 will also be a recipient of participation in WMIIC's ABS/MBS loan portfolio's.

For the FED to take any type of action like sell/run-off ABS/MBS, then FDIC Save Harbor must have been lifted-freed from all ABS/MBS securities not just the ones the FED participated in.



IMO.

HLCE,
Ron