Mr Cooper Group Inc fka COOP

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The FDIC's Role as Receiver - Resolutions Handbook

http://www.fdic.gov/bank/historical/reshandbook/ch7recvr.pdf

page 8

Settlement with the Assuming Institution

The FDIC and the assuming institution handle most of their post-closing activities through the “settlement” process. Adjustments to the closing books may be made between the date of the closing of the institution and the “settlement date.” The settlement date may be from 180 days to 360 days after the bank or thrift closing, depending on the failed institution’s size. Adjustments reflect (1) the exercise of options by the acquirer, (2) either any repurchase of assets by the receiver or any “put back” of assets to the receiver by the assuming institution, and (3) the valuation of assets sold to the acquirer at market prices.