Mr Cooper Group Inc (COOP)

[marayatano]

Yes, you only really need 1 impaired class to vote to accept the plan to have the plan confirmable.

The fact that Class 16 voted to accept the plan is especially important and bodes will for Class 20 though 22, because they were the fulcrum group who were the eventual owners of reorganized WMI.

By Class 16 accepting the plan, by both numbers and value, they accepted the transfer of reorganized WMI from Class 16, to Classes 20 though and including Class 22.

So any objections from Class 16 pro se, etc. will be squashed.

This plan is going to be confirmed. You have every Class accepting the plan EXCEPT for the lowest Class (that counts, common vote really does not count, only their releases)

Since Class 20 voted not to accept the plan, they did not consent to the 70/30% split of the reorganized WMI and the liquidation trust between equity tiers, ie. commons and preffereds.

Now, as it appears, that is the only thing left to confirm the plan.

We will find the results at the end of the confirmation hearing commencing, I believe, Feb 16, 2012.

imo