Mr Cooper Group Inc (COOP)

[hotmeat]

Excellent post, in that it encompasses what most here believe is the case...re Mortgage Interests that belong to the WMI Estate (inclusive of WMIIC).

Where i'm having an issue is who are these "estate owners"??? I've been posting this excerpt from the POR, which ALL parties to the plan (Debtors/JPM/FDIC) must abide.

It states clearly that ALL Certificates and Documentation representing Prefs (TPS, PQ's + KQ's) and Commons were made null and void.

By what mechanism would Commons former standing as "owners of WMI-(WMIIC)" be resurrected at this stage since Equity (Prefs + Commons) was essentially cancelled???

I have long held the belief that the major impediment to resolution is the FDIC Receivership and to a much lesser extent the bankruptcy, where Creditors are owed <$50M and therefore not a major issue.