Mr Cooper Group Inc (COOP)

[rramirez82]

Haven't gotten into the second portion (Areas of Investigation) yet but from what I've read (Work Completed to Date) it seems pretty clear that the FDIC intends to hide behind FIRREA and withhold the production of certain docs from the examiner - this is where it will get heated.

JPM, on the other hand, is agreeing to consider further requests for documents and information - and has also agreed to make employees and agents of JPMC available for interviews by the examiner. The examiner is trying to identify possible witnesses. Interpret JPM's willingness to "consider" further requests however you wish - but to me this says that if the examiner asks the right questions, seeks production of the right documents, or requests interviews with the right people, things might get heated up with JPM as well.

I think this is far from over, but I believe once it ends it's going to end in our favor.