Mr Cooper Group Inc (COOP)

[Planet Paprika]

FDIC....one very special woman don`t understand
the power of the FDIC and asking for years, why
nobody here tries to get an answer or do some "action".

Can only speak for myself.

FDIC : I tried. 2 times. And still waiting, now with a regrist. number, on answer.
Chance : 0,001%

Trustees :
Wells Fargo 3 times, no answer. Chance 0%.
+ Deutsche Bank : still waiting. Chance 0,5%.

COOP : 5 times. Different adressses. No answer. Chance 0,01 %.

Dr. Archaya & another Prof. ( forgot his name ) : answers yes, non-Wamu-related. 0%

KCC : 6-8 times, but they`ll only tell technical items, maybe very helpful & repeat the known wording, what`s allowed and....known.


Again, for some, only one example bout FDIC power:

"The Claims Process. In a bankruptcy, the interests of the bankruptcy estate, debtor and creditors are separately represented and the bankruptcy judge applies congressionally-passed bankruptcy statutes and rules to the interests of all parties, who receive advance notice and the opportunity to express their concerns.

In contrast, in many regards, the FDIC as receiver functions as lawmaker, judge, trustee and debtor. The FDIC as receiver both makes and implements the rules which govern its review of claims, is not subject to judicial supervision and, with limited exceptions, its decisions are not reviewable by any court. Claimants have limited ability to object and most objections must be pursued by separate court action or dispute resolution. In many cases, a separate court action to contest the FDIC's determination is cost prohibitive. The claims process consists of notice of the receivership, a period for filing claims and a period for review by the FDIC."

https://www.allenmatkins.com/real-ideas/fdic-resolution-and-receivership-of-failed-banks-pitfalls-for-landlords.html


Imo, we are 100% independend and 100% without any power re FDIC.
Hoping that FDIC is NOT the No.1 factor holding things up.

"An Attorney representing a client who has open litigation against the Receivership.
How does this affect our case?
Your client will not be able to obtain any payment from the receivership, even if you successfully pursued the case and obtained a favorable judgment on the claim. Because courts have consistently dismissed actions on prudential mootness grounds, the FDIC as Receiver is requesting that you voluntarily dismiss this litigation and provide the attorney representing the FDIC as Receiver with a court-confirmed copy of the order. If this is not forthcoming, counsel for the Receiver will proceed to file a motion to dismiss your client's action.

While it is never easy counseling a client when further pursuit of a case is inappropriate, it may be helpful to share with your client the fact that voluntarily dismissing the case will allow all parties to avoid the expenditure of unnecessary and wasteful attorney fees and costs and to conserve judicial resources."

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/insufficientassets-q-and-a.html

FDIC`s working with WMI-WMB assets, too, imo. Waiting for a final distribution when the
receivership`s closing. We`re fighting against all and I´m not sure, when this all ends.
April to August, my prediction. Maybe FDIC too. If not, I`ll be gone in autumn.