Mr Cooper Group Inc (COOP)

[Split T]

Bban, Here is some information that gives us new direction as far as dates regarding the FDIC. Notice that on Feb. 25, 2020 the FDIC POA expires, not Sept ,2020 as originally stated but modified. Sure lines up with Tepper's paying his investors back and the close of the Bankruptcy.



https://www.fdic.gov/about/freedom//wamu-lpoa.pdf
This Limited Power of Attorney shall be effective from September 25, 2016. and shall continue in full force and effect through September 25, 2020, unless otherwise terminated by an official of the FDIC authorized to do so by the Board of Directors ("Revocation''). At such time this Limited Power of Attorney will be automatically revoked. Additionally, upon the termination of employment from JP Morgan Chase (for any reason) of any duly appointed oHicer, appointed as Attorney-in-Fact, such terminated employee's power and authority provided pursuant to this Limited Power of Attorney shall immediately be revoked and he of no further force and effect as of the date of such termination. Any third party may rely upon this document as to the named inclividual(s)' authority to exercise the powers herein granted unless (1) a Revocation has been recorded in the public records of Office of the County Clerk of Dallas County, Texas; (2)
Notice of the Receivership Termination has been published in the Federal Register; or (3) a third party has received actual notice o f a Revocation.
https://www.fdic.gov/about/freedom/amendments-purchase-assumption-agreement.pdf

Interesting that FDIC is giving a blanket Limited Power Of Attorney (LPOA) to do whats necessary till WMB notice of termination is published in the Federal Register.

Refer to pdf page 24 of 43
This Limited Power of Attorney shall be effective from March 1, 2019. and shall continue in full force and effect through February, 2020, unless otherwise terminated by an official of the FDIC authorized to do so by the Board of Directors ("Revocation'')..."

Based on this additional info, if I were to speculate, it seems, termination of receivership should happen prior to Feb 28, 2020 or otherwise Wells Fargo will need another extension of LPOA[/color]

I must thank Gov. for his contribution of this info.