Mr Cooper Group Inc fka COOP

[jerrylev]

It is clear from Q&A 21 that the trust is the gateway of all payment. There is no such thing as performing trusts that pay outside of the trust. In particular, there is no trust that will survive after the liquidating trust will be gone.

Currently, even if the FDIC may have money remaining for the SH after paying the bondholders, until it happens, the LT has no knowledge of it or pretends to know the possibility. There is nothing that says that the FDIC is obliged to pay the SH. We just happen to be at the bottom of the food chain and will take what is left.


21. If value becomes available to distribution to members of Classes 19, 21 and/or 22, how will such value be allocated among those classes?
Value, if any, which may be distributed to members of Classes 19, 21 and/or 22 will be distributed in accordance with the relevant provisions of the Plan. Should value become available to Classes 19, 21 and/or 22, the Trust will provide more details regarding the distribution levels and mechanics, similar to what it has done for current and former LTI holders.