Mr Cooper Group Inc (COOP)

[LuckyPanda]

I agree. I dont think we need to wait until March 2021. I think we will either hear something in early August or late Oct/early Nov.

As CBA09 said a few years back, it is standard practice for those remote bankruptcy SPE's to be overfunded to build confidence in the MBS sold to investors. I cannot believe that Wamu loans went all bad (remember they were 95% A rated) and there are no residual value left in those remote bankruptcy SPEs.

If the loans were so bad, I dont think Bonderman would have lead those preferred shares taking a multi billion dollar position in the summer of 2008 - months before the FDIC fiasco takeover.

Between class 17 and 19, the institutionalS have $20B to loose if nothing exists in remote bankruptcy.

I would think that for $20B loss, the big boys would be suing the government right now for 5rh amendment illegal taking....but they are NOT!

I'm 99% confident now that we will see north of $20B in remote bankruptcy! Just a matter of time between now and March 2021!