Mr Cooper Group Inc (COOP)

[ron_66271]

Stox, I’m Equally Frustrated.

The time line is insane. The money and assets are there but nothing moves. Grrrrr!

FDIC is completing LIBOR.
IMO, The Final tabulation for the valuation of WMB.
The FDIC knows that the WMB Notes are whole. Covered Bonds.

I have not seen a reason to the lose confidence of dividend distributions from the FDIC, and distributions from Retained Earnings 75/25% + Preferred performance payments.
Many bonds and preferreds are LIBOR based.
Plus WMI Non Debtor Subs, and Assets held in Safe Harbor.



Ron