Mr Cooper Group Inc (COOP)

[Bizreader]

Hi John,

Though JPM attorneys have tried their best to confuse the issues with legal blather they have met their match on this one. Also, the judge/s will take the time needed to make solidly defensible decisions while making the best out of a bad situation. Justice is and has always been relative, right? But, I just want to provide a little clarity on the fundamentals here, as you are doing as well.

Fundamentally, the mistakes are on record now. How the settlement looks is still up in the air but WMI will not be harmed further due to court action, in my opinion. They may collect damages, which is not unusual when fraudulent conveyance, and things like that such as negligence, intentional misrepresentation, breach of contract, etc. is on the table.

This is a rather simplified legal framework, I think.