Mr Cooper Group Inc fka COOP

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Money/Shares Transfer Within This Narrow Window UNLESS FDIC Extends POA

The FDIC provides us a peek which gives new direction as far as dates regarding the FDIC. Notice that on Feb. 28, 2020 the FDIC POA expires, not Sept/2020 as originally stated but modified.

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 officer, 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 individual(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 what is 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.


• POA expires on 2/28/2020 instead of 9/2020-why move backwards as it is normally always forward to delay further

• This window absolutely lines up with Tepper's paying his investors back and the close of WaMu Bankruptcy csses

• Rosie has mailed all checks out from last distribution of WMILT - this is a 90 day process from 1/10/2020 which takes us to 4/10/2020, then about two month to run ads and give investors one last chance to receive/cash checks which takes us mid-June/2020, then Rosie can move to permantely close WMILT which may happen in the July/August 2020 time frame

• So unless new information develops, monies from Safe Harbor and what JPM owes us must happen within this window as the WMILT was set up as a pass-through for tax reasons

• I firmly believe unless the FDIC POA is extended forward of 2/28/2020, then monies will show up between the end of January and well ahead of 2/28/2020 UNLESS new facts appear to further delay