Mr Cooper Group Inc (COOP)

[hotmeat]

Do you know whether Subordinated Note claims against the FDIC are on par with Equity, or are they sandwiched between Senior Note claims and Equity in terms of payment priority???


Quote: "The Receiver anticipates that it will make a final distribution at a later date. It is unlikely that the Receiver will have sufficient funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders."