Mr Cooper Group Inc (COOP)

[David West]

RESERVATION OF RIGHTS

5. The Creditors’ Committee reserves its rights to object to any requests for payment or application for compensation or reimbursement of expenses filed by PJSC on any appropriate grounds, including, without limitation, if the requested compensation is (i) excessive, (ii) on account of duplicative services, (iii) on account of services performed that are beyond the scope of that which is reasonably necessary, or (iv) otherwise unreasonable, inequitable, or contrary to applicable law.

This filing is nothing more than a normal part of due process in any Chapter 11 Bankruptcy (BK). Every part of our BK, up to this point, has been just another step in the 'predetermined' framework of a Chapter 11 with the exception of the variables. In an election, the outcome is determined by the center vote, which is variable, and the outcome of our bankruptcy will be determined by the pieces that are variable, such as appointing an Equity Committee (EC), denying the disbandment of the EC, the results of a shareholders meeting, the valuation of WMI, etc. The filing by the Creditor’s Committee is nothing more than a low, non-guttural whine. The court will protect the rights of the Creditor’s Committee without the filing. It is just a formality. EOM