Mr Cooper Group Inc (COOP)

[marayatano]

1. The FJR, which has averaged 1.69% over the past three years, and which dictates how much interest must be paid on the claims of the creditors (it replaces their individual contract rates);

and

2. The actual rate of interest that the cash of the estate has been earning while it sits around waiting for distribution.

I would have thought that the rate the cash has actually earned would have been at least close to the FJR; meaning that the cash is actually earning enough or nearly enough interest to substantially cover a good part of the interest (which will be computed using the FJR) that will be paid creditors.

Well, just so you know, WMI Investments had a bunch of preferred stock of Bank of America and other preferred stock of other entities that were earning interest (rate? 6, 7 8 %??) that were sold a long time ago.

There was a complaint about WMI's $4 bil deposit earning less than 1% and the 50 Mil sitting in an escrow account/court register earning x% ???

Also, the tax refunds are earning x% ??? I think they were in a Wells Fargo account?

It has been soooo long, that I don't even remember any of this anymore.

If anyone who has been here as long as I have probably know and can fill in the blanks.

imo