Mr Cooper Group Inc (COOP)

[Royal Dude]

Now that the SOL is done September 8th, the FDIC can calculate the existing claims and liabilties and a settlement can be closed. Lets get it done. The retail and HedgeFunds need it now.

Not a lawyer but very logical.

“The six pending cases are all still in the very early stages. They’re assigned to different Judges on the federal Central District of California bench. No major motions, such as motions to dismiss or motions for summary judgment, have yet been filed by any of the defendants. We expect that the FDIC-R will file additional suits within the next four months, because its position is that the statute of limitations on these claims will not expire until on or about September 8, 2023. Having represented several mortgage companies, brokers and regional banks in cases of this type for well over a decade, we believe that most of them generally have strong legal and factual defenses available to them to combat such claims. Being aware of the potential grounds for such defenses is imperative in dealing with these suits, which often seek many millions of dollars in alleged damages, interest and fees.”

https://www.bilzin.com/we-think-big/insights/publications/2023/05/indemnification-claims-2000s-residential-mortgages?fbclid=IwAR1EJgOmVcbX9GbfKRnyeG4CU-Hn3eUKW-JGVKAaC81MUCi6_ydGer5q1do

The Most Royal Dude