Mr Cooper Group Inc (COOP)

[hotmeat]

The FDIC recently replied to porkchopranch which showed that the P&AA expired since 2014 with no amendments.

This proves that JPM owes the FDIC nothing further re the WMB sale ie none of his "Final Payment" nonsense.

We also now know that after Piers debt is paid Class 18 claims are next in line before equity sees a single cent.

Those allowed claims are owed at least $38.2M which just about depletes the remaining cash held by the LT.

There are also disputed Class 18 claims (Class 17B Bonds) that have to be litigated to determine if they too will be paid.

This thing is going downhill fast IMO...not the outcome many were expecting at all.