Mr Cooper Group Inc (COOP)

[clawmann]

One thought occurred to me: The SNH's may have agreed to vote "yes" on the plan when voting as a creditor class. That would give the judge the one impaired class that she needs to vote yes in order to confirm.

But the SNH's may also have not agreed, or not said, how they will vote their preferred equity interests. They may well vote those "no", if they haven't committed in the settlement agreement to voting them "yes". If they vote their prefs "no", well that would all but assure that the prefs vote "no".