Mr Cooper Group Inc (COOP)

[hotmeat]

I've always been suspicious of why the Debtors caved so easily to the FDIC and JPM in terms of ownership of WAMU assets.

I believe the case was they knew WMI had substantial interests in MBS's owned by it's subs and that they were protected from seizure.

Had POR V6 been approved with WMIH being 100% owned by AAOC, IMO this case would have long wrapped up already.

WMIH would then have been able to legally reclaim those Safe Harbor assets, a'la the K-Mart scenario.

This did not occur and POR V7 was instead passed, for the ultimate benefit Equity holders.

This is why I believe there is such a great delay in resolving frivolous matters such as the Employee Claims.

The LT already has the cash set aside for payment, at no cost to the FDIC, therefore IMO this is nothing but a stalling tactic.

On this issue we shall see but I agree, WMIH is poised to be a great investment for many here!!!