Mr Cooper Group Inc (COOP)

[rramirez82]

Thanks for the link!

I noticed that WAMU is planning on filing its opposition to the motion in the coming weeks -- hopefully Judge Walrath won't let it get that far and she'll deny the motion without an exchange of briefs or a hearing on the matter. Given the slow pace of things lately, I doubt that'll happen.

As expected, JPM will be filing a motion for leave to appeal, which will surely be denied as well and cause further delay. However, I think this is the last delay tactic JPM will have up it's sleeve. After this is denied, it will be bound to comply with discovery.. unless, of course, JPM chooses to settle.

It seems as though JPM will lose all of it's bargaining power in the settlement proceedings if it waits until then to settle. JPM won't have any more tactics to execute and it will have already materially delayed the proceedings. My guess is that Weil has already give JPM a settlement amount - which JPM refuses to agree on. After it's antics in court fail miserably, it'll be left with no choice but to take it. (assuming Weil doesn't up the ante even further given the proximity to open and infinite discovery, of course)

Like most of us, I hope this settles quick. I want to enjoy at least some of this summer without the anxiety I've experienced until now.