Mr Cooper Group Inc (COOP)

[Zardiw]

EMail sent to all WaMu Equity Group members:

At least one person said they got this all scrunched up in one paragraph. If that happened to you, pls let me know.......z

Dear WaMu Equity Group Member.

As many of you are aware, we have begun the process of getting a recognized Equity Committee
into the bankruptcy proceedings in Delaware, and we would like to retain counsel.

We have formed an Ad Hoc committee to pursue that goal.

Having competent representation in the bankruptcy proceeding will significantly affect the outcome for equity,
and without representation that serves equity we will receive nothing.

Currently the focus is on paying off the creditors. There is no focus on a recovery for us shareholders,
hence the need for an Equity Committee.

In order to succeed with our goal, we need to retain top legal talent, since we will receive resistance from top legal talent.

We have been in contact with a well-respected law firm, but they require a $50K retainer.

At this time, members have pledged $30K for legal representation.

Our group currently has 1,448 members, so a $50 pledge by the majority of members could allow us to retain this top firm.

Please take a minute and go to WaMuEquity.org and update your pledge amounts on the Share Registration page.

We are doing this to obtain a better idea of the funds that will be available.

These funds will be used as a retainer and for the preparation of any motions or other bankruptcy filings and
associated legal actions that may be required to establish an equity committee.

If you haven't pledged anything yet, please see if you can pledge at least something for YOUR cause. And if you
feel you can pledge more, please update your pledge.

Once an EC is formed and approved, the ongoing legal costs are borne by the estate of WMI, just like the Creditor Committee.

Also, if an Equity Committee is appointed, there is a chance we will be able to recover the costs of forming it,
i.e. the legal expenses that we incur to form the committee in the first place. In such an event, your funds will be returned.

Please consider this pledge as a commitment on your part, and do not pledge more than you are able to pay when called upon.

If you have forgotten your PIN, a link is available on the page to request a reminder email.

Here is the link to the Shares Registration page: http://WaMuEquity.org/shares-register-page.html

Also, we will shortly be sending another EMail that will explain in
more detail what we are trying to accomplish, and why.

If you have questions, we have opened a topic 'Equity Committee' on the WaMuEquity.org forum.

You can access this forum by opening an account at WaMuEquity.org, if you haven't already.

You can do this on 'The Group' page. You may have to scroll down to see the account creation section.

Meanwhile, feel free to Google 'Equity Committee'.

Thank you for your support,
WaMu Equity Ad Hoc Committee


z