Mr Cooper Group Inc fka COOP

[RajuSondh]

We regret that the receivership of Washington Mutual Bank has lasted as long as it has. Most receiverships of failed financial institutions will typically last (on average) for a total of only 3 to 10 years in duration before they are completely terminated. However, Washington Mutual Bank was the largest financial institution to fail in U.S. history, and it’s still a very active receivership even to this day. In fact, the receivership is still receiving claims and currently has several impediments (mostly defensive litigation) that must be resolved before any efforts can be made to terminate it. Any termination of the receivership, by the way, probably won’t happen for at least another 5 to 10 years if we’re fortunate.



I hope you find this information useful, and we wish you the best of luck in any recovery for your stock from the holding company.

---ALL GO BACK TO WORK OR PLAY WITH SOMETHING, GOLF DOG etc---