Mr Cooper Group Inc (COOP)

[ron_66271]

IMO, RE/DCR is the Last of 75/25% Distribution.

More than $32B - $8B-ish = more than $24B, which became the 363 Sale.
Remember the Rabbi Trusts?

The TPS's $4B from the Exchange Event went to pay creditors rather than to TPS holders. The TPS holders were mad that the fund wasn't used to satisfy them.

TPS was offered 70% of the 363 Sale, and parties agreed to 75%.

In the 363 Sale, JPM paid back the Exchange Event $4B that went to creditors

More than $24B - $4B = ~$20.7B

Hence; the Feb MOR for WMI-LT as a special Envelope labeled "RE/DCR" as a reserve fund. This Reserve Fund IMO has grown to ~$30B.

The BK Cases have been 'Terminated'. The Debtor needs to release the RE/DCR money.


$307B -($4B + $3.9B) = $299B

Follow the Money.