Mr Cooper Group Inc (COOP)

[Large Green]

Boris, I believe there are a few buckets of returns due to those investors who signed timely releases by 3/2012.

1) JPM must pay for assets as explained in Amended POR 7 signed by the court on 2/23/2012

2) COOP has used assets since 2012 without paying for them and making tons of money from servicing those assets. Remember, to have an asset that you can make money from is worth a fortune in itself, so when WMIH exited Chapter Eleven of the Delaware bankruptcy case/court, it only had 75M in cash and about 6B in NOLs...nothing more...then during the ensuing years they were able to have a servicing platform of around one trillion

3) The investors who signed timely releases are due monies from COOP for using those assets for years of which they did not own. One could also speak of Xome which I believe the same investors own because there is no way COOP could not monetize Xome as CEO Bray spoke of several times over several years, so this tells me COOP does not own Xome in its entirety

4) Then we know there are the Safe Harbor assets that should provide another bucket of returns but only time will tell

5) Also the FDIC should still own us for assets they took and not repay us not to mention the potential we should have once Libor is settled which should happen this year


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