Mr Cooper Group Inc (COOP)

[Boris the Spider]

I believe something big is on the horizon for escrow payment in the next Libor hearing. I do not believe escrows will get paid this year, but a decision could be reached and a settlement will follow this year IMO. Because the WAMU case is the biggest of Libor it will take time to unravel payments. I expect we could be a few months away from payment. Billions don't get disbursed that quickly.
So, what COULD happen, as bop has said for months, is that a decision is reached in court and a settlement could be ready to go. Then the brokers will offer loans to escrow holders based on the decision and disbursement date. This is a way the big brokers can make money from the settlement immediately.
I may be wrong, but this could be the way this will now play out. Let's hope it's a green Christmas for escrowers.