Mr Cooper Group Inc (COOP)

[steved_45]

Before I answer this, I think it's important that you know that I am only in pref's and have been for almost 2 years so I might come across as a little biased. It seems that a lot of U holders are waiting for a quick settlement and I don't feel that it's coming anytime soon.

Could FDIC and JPM have already reached a settlement before the final date?

This sentence can mean two things: 1) they already have reached a settlement as of now or 2) there could be a settlement up to the Aug 30th date. So I'll answer both.

1. Highly unlikely and would have already been announced

2. Also IMO, highly unlikely b/c if the examiner reports that the assets are worth XX amount but the FDIC settled for a different amount then either the government or JPM shareholders will be ticked. It just wouldn't make sense for the FDIC to "settle" an amount w/JPM before the examiner's report.

Basically, it's like me thinking about buying a car off of you for 2 years and just before Kelly Blue Book is about to update the values I decide to throw the dice and come up w/an amount before the expert does.

Remember that the agreement date of Aug 30th, according to Boston on Y-board, can be extended. The FDIC has the ultimate CYA contract at the whim of JPM

AIMO

Steve