Mr Cooper Group Inc (COOP)

[Milk Duds]

I have always thought one reason to "talk down" any recovery for escrows was to prevent people from buying more shares of COOP with their anticipated windfall from escrows.

If people knew their escrow shares would payoff bigtime, some people would invest even more in COOP. But as we all know, COOP has been purposely kept low, possibly for a merger, or as you say, for purchasing WMI assets with preferred, which would then convert to common at a low price point.

So, if the hedge funds are finished holding down the stock, there's no longer any need for someone to "talk down" the escrows. Hence, they stopped paying him; his "job" is finished.