Mr Cooper Group Inc (COOP)

[W3Research]

ND: What will Preferred Escrow Shares receive in your Opinion? ...

WAMPQ = ?
WAMKQ = ?

So do we have a new date..........02-25-2020
FDIC has the power of attorney for these assets until Feb 25,2020 as showed in a document presented on this board a couple of weeks ago. It looks like FDIC has liquidated/refinanced practically all of the 165 billion in MBS Trusts, with a lot refinanced/bought by JPM (80+ billion in value at least). Of course they could have losses on the delinquent MBS pools but it could never be more than 20 billion. Then add the 20 billion in cash they had in hand because of the announced WMB capital injection which didn't happen.

And lo and behold, this coming Thursday at 10.00 FDIC board will vote on a Final Resolution regarding the Securitization Safe Harbor Rule.

My expectation is FDIC will distribute these Safe Harbor assets using its own Waterfall, so first senior and subordinate note holders and Deutsche Bank get paid and then legacy equity holders In Their Original liquidation preference! So it will be 75/25 split to the end, because this what was agreed to so commons could participate.