Mr Cooper Group Inc (COOP)

[clawmann]

es1: I think the answer is fairly simple. Imagine you are the judge and you've just ordered mediation. If a party withdraws from the GSA, then the entire mediation exercise could easily become worthless because a whole range of issues would be opened up again before mediation reaches its conclujsion.

So she was requesting the FDIC and others to "extend" the GSA (meaning extend the "no withdrawal" period for a sufficient amount of time to cover the time that would be needed by mediation). However, if she does not get an affirmative extension from any party, the GSA would still be in effect until a party actually witdraws. If a settlement is reached and a new POR is submitted to her, and no one has yet withdrawn from the GSA at that time, she can go ahead and initiate the confirmation process for the POR.