Mr Cooper Group Inc (COOP)

[hotmeat]

My personal belief is that any benefits from SH assets will come via the LT and/or the FDIC to our ""Escrows"".

We know that the cash generated from Participating Interests held by SPE's were pledged to WMI.

IF these interests are still valid those benefits will return to WMI once the LT is able to reclaim them.

This imo also applies to excess assets held by the FDIC in that when liquidated, we will receive the excess cash.

How much and if we will receive anything is obviously still an unknown variable to date.

If WMIH will receive anything is dependent on whether their ownership of 100% of WMIIC's Equity Interests has any value.

If those Equity Interests are worth anything then it is possible this can translate into a % of cash returns to WMIH.

A possibility but not probable imo, but I'm much more confident in a substantial return to ""Escrows"".

One issue where I'm in full agreement with AZ (surprise!) is the payment of WMB Class 17 Bonds.

Once these Bonds begin receiving payments or are paid in full, my confidence in ""Escrows"" being paid will increase exponentially.



Note: I use the term Escrows to represent our ownership interests in any estate assets, even though they are actually for share distributions only.