Mr Cooper Group Inc (COOP)

[rramirez82]

You're kidding, right?

I need to jump on the docket to read this but I won't be home from class until 10:15PM EST. I can't think of any logical reason as to why WMI would withdraw its Motion for 3rd-party discovery other than the possibility that the parties are approaching a settlement.

Discovery is the single most valuable tool in WMI's armada for putting together its case against JPM/FDIC. Withdrawing this motion tells me that WMI isn't expecting this to go to trial - which means that a settlement must be somewhere in the horizon.

I knew we were close (IMO before Q2-2010) but I wasn't expecting this move.

Mordicai, would you care to chime in on this?