Mr Cooper Group Inc (COOP)

[Yanik]

Speaking of direct money/checks I would be looking to get the rest of my H's paid off as I still get quarterly statements with interest. The lawyers have held a large chunk of cash in "reserve" for employee claims most of which are baseless or have been settled for much less. I always found it annoying how they purposely strung it out as long as they could for which I always thought was to milk the billing as long as they could. Now that things are moving forward to some degree I hope they will finish off the piers payments.

Once that is complete anything left in reserve from those funds is supposed to flow down the waterfall if I remember it correctly. As for the assets still being retained some confusion regarding if the mbs holders whoever they are would get that payout of interest earned and also will the trusts with these retained assets just continue on earning interest or will they be liquidated and then payed out.

I dont think anyone has a 100% in black and white idea of exactly how this all will occur and to whom. I always thought/knew that a company this large had many assets tucked away in many areas. The problem is that the crooks involved in the case from day one have had a lot of key players working to screw equity and hide the sausage from us. The question is now that things seemingly are going to start moving forward again when will we be able to see all those assets and get a breakdown of what will happen to them in terms of reaching down the waterfall to escrow holders. I dont think anyone can say with certainty what all those assets are and what exactly will happen.

Do they continue to earn interest or will they be sold? in either case what does that mean for escrows. I guess time will tell.

Everything is in my opinion of course and in terms of that big document showing some of these assets recently and the 600m+ interest I have heard different thoughts about who they are owed to. Some say MBS holders of those underlying assets while others say its owed to escrow. Either way it is interesting that all these billions of dollars in assets exist and have been there all along earning income.

Does anyone think escrows can see a dime before piers holders are made whole? I was always under the impression that must occur first before any funds can flow further down the waterfall, but who knows i could be wrong.

I would like to hear peoples thoughts on all these issues as I dont think we have exact info. Like I always say material events matter. I would consider piers being made whole a material event and once that happens can I put my attention to the escrows getting possibly paid something.

Just my thoughts and opinion.