Mr Cooper Group Inc (COOP)

[LuckyPanda]

LG, from this update there are three things that seems obvious

1) All it says in #3 is that the TRUST (WMILT) is not holding any "hidden assets". Hence any remote bk assets will not pass through WMILT

2) We know for a fact that there must be something in remote bk...otherwise why would the underwriters continue to fight Alice Griffin to keep their 1% stake in class 19? If there is nothing left why fight?

3) In #12 it states the Escrow CUSIPS do not, in and of themselves, represent an entitlement to any possible future cash distributions from the Trust, Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be.

Number 3 WORRIES ME--> this implies that ownership of escrow markers may not give us automatic return of assets from remote bk. We may have to identify such assets and file claims to them...maybe that's why the hedgefunds are so quiet...they don't want retail to hang onto their coattails. Maybe the hedge funds are already filing claims to those assets. We really need some professional legal counsel before our escrow markers get deleted in March.