Mr Cooper Group Inc (COOP)

[wamutrader]

My Opinion Only:

To honor the waterfall priority, and allow for all classes to share in the whole pie, per POR7 ruling:

PIERS pmts fulfilled 100%, then waterfall to next class down Preferred, until made 100% whole at PAR, then waterfall goes down further to Preferred/Common pro rata sharing 75%/25%

Again, this is only my opinion based on being here just about daily for 10+ years.

Only time will tell if ANY of us have it at least partially correct.

GLTA!!