Mr Cooper Group Inc (COOP)

[LuckyPanda]

Lets not fight over Bopfans objection. I dont think her filing will hurt us.

1) If AZ is correct, we will see an escrow distribution early April regardless of Bopfan's court date on the 12th.

2) If AZ is wrong, Bopfans appearance on the 12th will answer 2 questions:

a) Are there any significant ABS assets sitting in remote bankruptcy trusts...otherwise who cares...no one is getting paid including the underwriters.

b) If there are plenty of assets in remote bankruptcy trusts, then the LT better explain their justification for awarding about 1% class 19 stake to the underwriters. this will finally answer the 75/25 to the end question. if 75/25 does not apply to bankruptcy remote assets, then the LT can simply say, 1% of face value return to class 19 simply pays back underwriters in full -- no undue enrichment. if 75/25 applies to remote bankruptcy assets, then Bopfans objection would expose the corruption of BR in court..because underwriters return would be uncapped.


So the way I see it. Bopfan's objection is a net positive at this time.