Mr Cooper Group Inc (COOP)

[LuckyPanda]

MB, I agree with you that a lot of it is going to WAAC. If you look at Exhibit 2 in the attached link, it shows all the wamu securities that the DB probate money is flowing to. There are a lot of cusips associated with WAAC. The money will not directly flow to escrow. However, I suspect WMI owned a lot of the securities listed on exhibit 2 and so I'm hoping the money will simply "pass through" WMILT and hit our escrow account.

However, there is still a chance, and this is my fear, that the money will flow back to those listed securities owned by WMI, and then sit in some bank somewhere and more delays with flowback to escrow. At this point, we cant discount that possibility.


http://www.globic.com/wamurmbssettlement/pdfs/DB%20WaMu%20TIP%20Notice%20to%20Holders%20re%20Distribution%20Timing%2012.11.17.pdf