Mr Cooper Group Inc fka COOP

[Jestiron]

Assuming your position is correct, what would your explanation be for extending the "Final" Settlement Date? If there were to be no changes to the P&A then there should be no reason to continue to extend the "FINAL" settlement date. I posted my thoughts on the inclusion of this word in a previous post.

Seems to me, and others on this board, that the extensions are being made because the FDIC wishes do extend THE RIGHT to change the P&A in the event that JPM or some other party (including the EC) decides to make waves.

The right to make modifications seems to be the ONLY reason why they would need to change and extend the settlement date...called the FINAL settlement date in the amendment.

Alignment with the POR confirmation date supports this argument.

The right to make modifications up until the "FINAL SETTLEMENT DATE".

The FDIC, "in its discretion" HAS DECIDED to extend the FINAL SETTLEMENT DATE.

What other reason would there be to extend the date if the contents and agreements are to remain as-is as you content they will.

What other reason? You are quite good at telling us what you think will not change... What other reason would there be for extending?

Thanks in Advance.

-Jest