Mr Cooper Group Inc (COOP)

[WithCatz]

remmy, I happen to agree with you. But you need to take the numbers to the next level. The SNHs only have "so much" to give up. And compare that to the math required to address both preferreds, TPS and commons.

I won't argue the APR issues -- certainly in a "settlement" that includes the EC that there can be some 'creative' solutions there -- but the numbers of what can be gotten from the SNHs vs. what is required to see a substantial recovery are quite far apart.

This, of course, this doesn't include the wild-cards that many hope and wish for. Like the tax refunds, or JPM volunteering to take the TPS, etc. They're nice hypotheticals, but both are far from being on the table at this time.

I hope you agree with both.

...Catz