Mr Cooper Group Inc (COOP)

[Royal Dude]

You asked for dates??????

11/1 Final Rule prohibit post-trade name give up for swaps (BK)
This may be the first November 1st of Reits 90% distribution since the BK closing distributed December 28th. Read the included sec filing and order of the court.
11/3 Trump gets elected

"Important Dates Updates COOP merger, Libor Settlement and LT termination( ?? )

Timeline update 11/1/2020 all IMO

10/14 Movement of 1.5 Bil JPM possibly signal of 17.25 Bil settlement and 1st distribution by the DTC (Sec filing)

— shareholders’ brief due Oct. 27, 2020; (F/F)

10/27 DTCC Wealth Management Demos
Tuesday October 27 ,2020 from 1:00-2:00 PM ET
Tuesday October 29 ,2020 from 1:00-2:00 PM ET
Two company's doing depositary shares WFC,BAC, very telling on the 28th probable more players, $$$$$$, Timing

***10/29-11/1 Announcement!!! (90 Days) before merger closing date Feb 1st Closing Merger (COOP)
Why can't we just look for October 29th-Nov 1st for a notification of closing???? on Feb 1st Closing (COOP merger)

10/29 Earning Announcement Cooper (COOP)Mr. Cooper Group Inc. to Discuss Third Quarter 2020 Financial Results on October 29, 2020(COOP)

10/31 Finalize capital rule by end of October (F/F)
For those that care or not I have a few thoughts that will take us before the election. I do believe after looking at the recent Sec filings for the main players(JPM,GS,WFC,BAC,C,MS and BCS) I believe the money moved anywhere between 17-43 bil and could be in the process of distribution. I have used the settlement dates when they deliver to the DTC as a mark to determine the approx. dated . They use different settlement date to hide any exact dates of distribution. People have asked when as of delivery which also can vary according to the agreement with the DTC. So do not sit on the edge of your seat. I do believe Oct 30th is an important date for the following reason?

11/1 Final Rule prohibit post-trade name give up for swaps (BK)
This may be the first November 1st of Reits 90% distribution since the BK closing distributed December 28th. Read the included sec filing and order of the court.

11/3 Trump gets elected

11/3 After election Heavy lifting restructuring (Government Equity) Equity of SPFA (F/F)

11/15 End of Net Worth Sweep Equity by mid November (F/F)
November 17, 2020

Deadline to Exclude Yourself from the Settlement Class (Libor)
11/28 (90 days) Event of Equity of the SPSPA (F/F)

December 2, 2020
Deadline to File Notice of Intention to Appear (Libor)

December 16, 2020, at 11:00 a.m.
The Court will hold a Fairness Hearing on December 16, 2020, at 11:00 a.m. to decide whether to approve the Settlements, the Plan of Allocation, and any requests for attorneys’ fees, reimbursement of litigation expenses, and service awards to the Class Representatives.
Fairness Hearing (Libor)

This rule is effective December 28, 2020.
December 28, 2020
Claim Filing Deadline Current Status Update 8-28-2020: The Counsel for Barclays has changed to Matthew Porpora of Sullivan & Cromwell LLP. (Libor and 90% Reit rule)
The GSEs are currently under Federal conservatorship. In 2013, the Bureau of Consumer Financial Protection (Bureau) established this category of QMs (Temporary GSE QM loans) as a temporary measure that would expire with respect to each GSE on the date that GSE exits conservatorship, or on January 10, 2021, whichever comes first. In this final rule, the Bureau amends Regulation Z to replace the January 10, 2021 sunset date of the Temporary GSE QM loan definition with a provision stating that the Temporary GSE QM loan definition will be available only for covered transactions for which the creditor receives the consumer's application before the mandatory compliance date of final amendments to the General QM loan definition in Regulation Z. This final rule does not amend the provision stating that the Temporary GSE QM loan definition expires with respect to a GSE when that GSE exits conservatorship.
https://www.federalregister.gov/.../qualified-mortgage...

1/2/2021 1st distribution Taxable in 2020 Receive in 2021 but taxed in 2020. (90% Reit rule )

— government’s brief due Jan. 11, 2021; F/F
(Temporary GSE QM loans) as a temporary measure that would expire with respect to each GSE on the date that GSE exits conservatorship, or on
January 10, 2021,whichever comes first. F/F

1/20/2021 (180 days) out of conservativeship (F/F)

1/20 Get it done by consent degree by President before the inauguration out of Conservativeship (F/F)

2/1/2021 COOP merger and closing

— shareholders’ reply brief due Feb. 5, 2021; and

— government’s reply brief due Mar. 5, 2021;(F/F)
3/2021 Second Distribution ON or before end of LT March 2021 defunct
LG "The third set of three-years which WMILT originated on was the (ED) Effective Date of March 19, 2012, so it will officially expire on 3/19/2021 should it be needed however, the WMILT should be dissolved well ahead of that date and possibly by year-end 2020.

The Federal Circuit entered an order yesterday outlining this briefing schedule:
— shareholders’ brief due Oct. 23, 2020;
— government’s brief due Jan. 11, 2021;
— shareholders’ reply brief due Feb. 5, 2021; and — government’s reply brief due Mar. 5, 2021; (F/F)

[https://seekingalpha.com/article/4371483-no-timeline-extension-great-for-frannie-shareholders]

fbclid=IwAR3_QJg3Naef8qiiPUgLYn71UT34Nnx9s2IIrKdP-twp_M-mAzhCasovbHk";;;;

[https://www.bondholderliborsettlements.com/?fbclid=IwAR08if2iPiqpr4CNac48p0k8n8Cf3PBQ45llvqt8ckmCDty_K5kHY2u1KI

If this is the extension of F/F litigation coming out of conservativeship then this will extend F/F and the coming out of the closet and the reset of our system.

"ON MOTION
______________________
O R D E R
In the above-captioned related appeals, the appellants
move unopposed for a 17-day extension of time, until October 23, 2020, to file their opening briefs and also ask that
the remainder of the briefing schedule be set as follows: the
government’s response/principal brief is due no later than
January 11, 2021; the appellants’ reply brief is due no later
than February 5, 2021; and the government’s reply brief in
Appeal No. 2020-1914 is due no later than March 5, 2021.
Upon consideration thereof,

IT IS ORDERED THAT:
The motion is granted. "
October 6, 2020
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The Federal Circuit entered an order yesterday outlining this briefing schedule: (F/F)

— shareholders’ brief due Oct. 23, 2020;
— government’s brief due Jan. 11, 2021;
— shareholders’ reply brief due Feb. 5, 2021; and
— government’s reply brief due Mar. 5, 2021;

20-1912-0032

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Categories Uncategorized $FNMA #FANNIEGATE Post author By admin Post date October 28, 2020
No Comments on $FNMA #FANNIEGATE Arrowood also delivered a supplemental brief to the Federal Circuit late last week, and a copy’s attached to this e-mail message. 20-2020-0020Download