Mr Cooper Group Inc fka COOP

[ron_66271]

NO BOB TOTALLY WRONG.

The TPS was offered the new 75/25% in an effort for them to settle from the 70/30% first offer.

It didn’t take 2 years.


You are mixing up things with Alice’s UW fiasco.

She lost for the right reason.

75/25 stops at the Retained Earnings of ~$25 Billion.

Perfectly documented in the February MOR and as plan as day if you can read a balance sheet. RE has nothing to do with Plan 7 Creditors. That’s why it’s not discussed in the body of the document.

RE $20.7 Billion.
RE satisfied APR.
Class 19 made whole.
~2.5X above FV. That’s more than the would be accumulated past interest.

RE is the low hanging fruit and can easily be released.



AZ, pay attention because you are wrong about RE.



Ron