Mr Cooper Group Inc (COOP)

[ReikoBlack]

Interim Dividend Distribution

"As of June 30, 2017, the Receiver had approximately $2.76 billion to distribute to holders of claims allowed by the receivership, according to the priorities established in 12 U.S.C. § 1821(d)(11)(A). The most recent receivership balance sheet summary can be found at the following link: (WAMU Quarterly Receivership Balance Sheet Summary). After paying JPMC in full, the Receiver made an interim dividend distribution on September 26, 2017, on all approved senior unsecured claims of the receivership, including the claims of DBNTC, general trade creditors, and the WAMU senior bondholders. This distribution represented approximately 95% of the receivership’s remaining total current assets. The allowed senior unsecured creditors shared equally (on a pro rata basis) in this distribution. The remaining funds in the receivership are expected to be sufficient to cover future expected and potential losses and expenses."
https://www.fdic.gov/bank/individual/failed/wamu-settlement.html



It can't get any clear than this. There won't be any distribution to Tranche 6.

Don't forget FDIC paid about about 2 billion from WMB receivership of which about 700 million was paid DTNC and about 1.3 billion imho will be distributed to Tranche 6.