Mr Cooper Group Inc (COOP)

[ItsMyOption]

FDIC UPDATED STATUS PAGE Last Updated: 10/23/2020

I NOTICED FDIC UPDATED THE STATUS SO IS THIS A SIGN THAT THEY WILL FINALIZE RECIEVERSHIP?

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html

The DBNTC-JPMC-FDIC Settlement did not resolve certain claims by the Receiver against JPMC, including the Receiver’s claims against JPMC relating to its alleged participation with other banks in manipulating certain benchmark rates and markets. It also preserved all claims of the Receiver against other persons who caused losses to WAMU prior to its failure, including claims relating to restitution orders and all regulatory and supervisory claims of FDIC-C. The Receiver anticipates that it will make a final distribution at a later date, however, consistent with the depositor preference scheme provided in 12 U.S.C. § 1821(d)(11)(A), it is unlikely that the Receiver will have funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders

In addition this page was also updated:
https://receivership.fdic.gov/drripbal/bank/10015