Mr Cooper Group Inc (COOP)

[mattchew]

In the current settlement, the run-off notes that would be
distributed to creditors are non-recourse, meaning that the creditors who
hold these notes will be able to seek repayment only from the proceeds of
the WMMRC insurance policies, not from any other assets held by the
Reorganized Debtor.


If the value generated by those policies is not
sufficient to pay the notes, the Creditors will have no right to claim any
portion of the $75 million in cash infusion to the Reorganized Debtor, any
credit facility proceeds, or any businesses or other assets acquired by the
Reorganized Debtor.