Mr Cooper Group Inc (COOP)

[Split T]

Large Green, I might add that for us to receive money from the FDIC it would seem that they will have to announce the Receivership closing date at least 31 days prior to March 22,2022 based on the following.

"Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing, identify the receivership to which the comment pertains, and sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201."



However, it doesn't say that they cant close prior to the 30 days comment period.

I don't read it as a 30 day mandatory wait and hold period before any possible distribution could be made. We all know how squirrely the FDIC and their hierarchy can be.