Mr Cooper Group Inc (COOP)

[ron_66271]

The $24 Billion From the Second First Filing,

Number 08-12229-MFW, only refers to certain assets presented by WMI to the BK Court.

The $299B for "WMB and it's assets" are a different topic.

We await "the Final Payment" to WMI for "WMB and it's assets".

The FDIC-JPM is reasonable for satisfying Class 17, both subclasses A and B. Not WMI/WMILT.


The Class Responsibilities;

Class 16; WMILT.

Class 17 A and B; JPM.

Class 18 Surviving Claims; WMILT, see Point 11.

Class 18 Non-Surviving Claims; JPM, CIC as agreed to.

Class 19 and 22; WMILT and the WMI Holdings in assets in WMIIC.


The FDIC needs to close the GSA with "the Final Payment" to WMI for "WMB and it's assets" along with the payment by JPM to Class 17 to complete the granting of Releases.


$299B for "WMB and it's assets", minus liabilities from MBS put-backs settled and resolved. WMB set aside $40B for put-back liabilities.


HLCE,
Ron