Mr Cooper Group Inc (COOP)

[Dmdmd2020]

Time is money!

The WMILT stated in their press release as of February 25, 2019:

https://www.marketwatch.com/press-release/wmi-liquidating-trust-to-make-cash-distribution-of-approximately-50-million-2019-02-25

Excerpt:

“After giving effect to the Distribution, all General Unsecured Claims, including the Senior Floating Rate Note Claims and PIERS Claims, will have been paid-in-full and, to the extent funds become available, succeeding distributions will begin with Class 18 creditors.”

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The Underwriters Dont want to wait a long time from Class 18 payment to Class 19 payment.

IMO, the underwriters know how much time it will take to pay off Class 18. And if time is truly money, then the underwriters don’t want to wait too much longer.

Thus, IMO...I believe Class 19 and 22 will start seeing recoveries by Q2 (as early as Early May 2019).